The economy’s big split: Poor consumers feel slowdown, rich ones don’t
Richer consumers may have escaped some of the worst effects of the inflation shock and Fed tightening, particularly as financial assets soar in value.
Richer consumers may have escaped some of the worst effects of the inflation shock and Fed tightening, particularly as financial assets soar in value.

The Nobel prize winner and author of new book Economics in America argues economists must get back to serving society

The recent court-enforceable settlement agreement between the city of Minneapolis and the Minnesota Department of Human Rights could be a historic step in combating police brutality. However, the agreement fails to contextualize police brutality as a byproduct of poverty. By failing to recognize the role of poverty in over-policing, it disincentivizes the city, and the state from instituting long-term, anti-poverty measures, such as guaranteed basic income that would address a root cause of crime that in turn plays a role in police brutality.

By: Philippe Van Parijs See original post here. Not poverty, not inequality, but insecurity is at the root of the worldwide upsurge in populism and

Standing is a professorial research associate at the School of Oriental and African Studies (SOAS), University of London and a co-founder of the Basic Income