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Folks in the bottom half of the economy are already squeezed hard. They will be bloodied and bankrupt if economic policy inadvertently induces a recession.

William Greider

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William Greider
Age: 83 †
Born: 1936
Born: August 6
Died: 2019
Died: December 25
Author
Editor
Journalist
Writer
Cincinnati
Ohio
William Harold Greider
Already
Induces
Economy
Squeezed
Bankrupt
Economic
Recession
Half
Recessions
Hard
Folks
Bottom
Bloodied
Policy
Inadvertently

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If we have wealth, it will be protected from inflation and possibly even enhanced in value.
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Democracy begins in human conversation. A democratic conversation does not require elaborate rules of procedure or utopian notions of perfect consensus. What it does require is a spirit of mutual respect-people conversing critically with one another in an atmosphere of honesty and shared regard.
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Money is power in American politics. It always has been.
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If one benefits tangibly from the exploitation of others who are weak, is one morally implicated in their predicament? Or are basic rights of human existence confined to the civilized societies that are wealthy enough to afford them? Our values are defined by what we will tolerate when it is done to others.
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In the deregulated realm of US banking and finance, crime does occasionally pay for its foul deeds, not in prison time but by making modest rebates to the victims.
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Aside from sending someone to war or to prison, government s ability to make people involuntarily give over their money is its strongest exercise of authority over private citizens and their institutions.
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Obviously, people with low or even moderate incomes could not afford such savings rates, and even diligent savings from their low wages would not be enough to pay for either retirement or healthcare.
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Leaks and whispers are a daily routine of news-gathering in Washington.
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The present struggle seems less about abolishing big government than about who gets to use it.
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The regime of globalization promotes an unfettered marketplace as the dynamic instrument organizing international relations.
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