"... inequality has been steadily increasing, while, as Branko Milanovic notes, the income of countries’ middle and lower-middle classes has stagnated ..."
"In this “autonomous zone”, demonstrators are passing out free food to everyone and they want to show the world that society actually doesn’t need any police."
"... we just learned that U.S. factory orders were down 22.3 percent in April compared to a year earlier…"
"There is also a cost to MMT we have yet to hear about from its proponents."
"Some 1.6 billion workers in the informal economy, representing nearly half of the global labour force, are in immediate danger of losing their livelihoods due to the coronavirus pandemic, the International Labour Organization (ILO) said on Wednesday."
"We’re going to reopen in phases," Cuomo said. "Look at the regional analysis, make a determination, and then monitor whatever you do."
"The “Everything Bubble” lasted far longer than it should have, but now that it has burst the pain is going to be absolutely immense."
"What could possibly go wrong with “free money,” right?"
"The economy is dead on arrival, the pin to the grenade has already been pulled, the majority of Americans simply don't realize it yet."
"In the declaration, Duckett states that “an economic disaster” has been created by Governor Grisham’s order defining ‘essential’ and ‘non–essential’ businesses which he says “unjustly dictates winners and losers by discriminating against small businesses and specialized retailers.”"
"As a country, we will either live with the short-term pain of discipline or the long-term pain of regret."