Los administradores de TransicionEstructural no se responsabilizan de las opiniones vertidas por los usuarios del foro. Cada usuario asume la responsabilidad de los comentarios publicados.
0 Usuarios y 1 Visitante están viendo este tema.
https://www.epi.org/blog/different-economic-crisis-same-mistake-the-fed-cannot-make-up-for-the-republican-senates-inaction/CitarDifferent economic crisis, same mistake(...) It’s obvious why many focus on the Fed and wish it would be more transformative in helping the economy out of crises—the Fed has cleared the very low bar of showing some level of competence and judgement in recent crises, while Congress has completely stumbled. But it’s Congress that has the tools needed to end the crisis, and it can use them anytime it wants. They—and the Senate Republican caucus that is the roadblock to using these tools—should be the focus of policy attention today. They shouldn’t be let off the hook simply because we presume they’re too incompetent (or malevolent) to be expected to act responsibly.If a better Congress doesn’t appear, it may well be the case that we need to think hard about giving the Fed more effective tools to fight recessions in the future. It’s not impossible economically—we could give the Fed the legal right and administrative tools to transfer resources directly to people. But giving the Fed these expanded tools would require Congress to affirmatively grant them. In the end, there is no end-around a Congress that refuses to do what’s right for U.S. families.
Different economic crisis, same mistake(...) It’s obvious why many focus on the Fed and wish it would be more transformative in helping the economy out of crises—the Fed has cleared the very low bar of showing some level of competence and judgement in recent crises, while Congress has completely stumbled. But it’s Congress that has the tools needed to end the crisis, and it can use them anytime it wants. They—and the Senate Republican caucus that is the roadblock to using these tools—should be the focus of policy attention today. They shouldn’t be let off the hook simply because we presume they’re too incompetent (or malevolent) to be expected to act responsibly.If a better Congress doesn’t appear, it may well be the case that we need to think hard about giving the Fed more effective tools to fight recessions in the future. It’s not impossible economically—we could give the Fed the legal right and administrative tools to transfer resources directly to people. But giving the Fed these expanded tools would require Congress to affirmatively grant them. In the end, there is no end-around a Congress that refuses to do what’s right for U.S. families.
Nota de prensa del BCE: El BCE intensifica el trabajo en el euro digitalEl informe recién publicado sobre el euro digital se puede descargar aquí: https://www.ecb.europa.eu/pub/pdf/other/Report_on_a_digital_euro~4d7268b458.en.pdfLa negrita abajo es nuestra:PRESS RELEASEECB intensifies its work on a digital euro2 October 2020- Publication of Eurosystem High-Level Task Force report on digital euro- Eurosystem needs to be ready for possible future decision to introduce digital euro- Public consultation and experimentation to be launched The European Central Bank (ECB) today published a comprehensive report on the possible issuance of a digital euro, prepared by the Eurosystem High-Level Task Force on central bank digital currency (CBDC) and approved by the Governing Council.A digital euro would be an electronic form of central bank money accessible to all citizens and firms – like banknotes, but in a digital form – to make their daily payments in a fast, easy and secure way. It would complement cash, not replace it. The Eurosystem will continue to issue cash in any case.“The euro belongs to Europeans and our mission is to be its guardian,” said Christine Lagarde, ECB President. “Europeans are increasingly turning to digital in the ways they spend, save and invest. Our role is to secure trust in money. This means making sure the euro is fit for the digital age. We should be prepared to issue a digital euro, should the need arise.”The Eurosystem task force, bringing together experts from the ECB and 19 national central banks of the euro area, identified possible scenarios that would require the issuance of a digital euro. These scenarios include an increased demand for electronic payments in the euro area that would require a European risk-free digital means of payment, a significant decline in the use of cash as a means of payment in the euro area, the launch of global private means of payment that might raise regulatory concerns and pose risks for financial stability and consumer protection, and a broad take-up of CBDCs issued by foreign central banks.“Technology and innovation are changing the way we consume, work and relate to each other,” said Fabio Panetta, member of the ECB’s Executive Board and Chair of the task force. “A digital euro would support Europe’s drive towards continued innovation. It would also contribute to its financial sovereignty and strengthen the international role of the euro.”A digital euro would preserve the public good that the euro provides to citizens: free access to a simple, universally accepted, risk-free and trusted means of payment. It also poses challenges, but by following appropriate strategies in the design of the digital euro the Eurosystem can address these.The Governing Council has not taken a decision yet on whether to introduce a digital euro.The Eurosystem will engage widely with citizens, academia, the financial sector and public authorities to assess their needs, as well as the benefits and challenges they expect from the issuance of a digital euro, in detail. A public consultation will be launched on 12 October.Experimentation will start in parallel, without prejudice to the final decision.
https://www.nytimes.com/2023/02/13/us/politics/universal-basic-income-chicago.html ( https://archive.is/aC5hc )Citar$500 a Month, No Strings: Chicago Experiments With a Guaranteed Income[...]CitarBy Jonathan WeismanFeb. 13, 2023, 5:00 a.m. ETCHICAGO — Christopher Ellington’s South Side photography studio crashed in 2020 with the onset of the pandemic. By March 2021, he was scraping by on a tax preparation and financial advice business when gunshots rang out one day as he was leaving work. Two bullets from a drive-by shooter pierced his head and left him permanently blind.The creditors were closing in, the rent notices piling up. And then a helping hand came late last summer from Mayor Lori Lightfoot’s administration: the first of a year’s worth of monthly $500 checks, with no strings attached and almost no questions asked.“Talk about shock,” said Mr. Ellington, 32. “It was ‘Hey, the government is doing this? Wait a minute. I don’t have to, you know, report this and report that, and you don’t have to go through all of my business and I don’t have to watch what I say?’ I was like, ‘This is how it should be.’”Chicago and the surrounding suburbs of Cook County are conducting the largest experiment of its kind in the nation, an effort to supply thousands of residents with a basic level of subsistence, not in the form of food, housing or child care — just cash. Ms. Lightfoot’s $31.5 million Resilient Communities Pilot selected 5,000 city residents in August to receive a guaranteed cash income for a year. The first $500 checks from a separate program, a $42 million county pilot, went out in December to 3,250 residents concentrated in the near-in Chicago suburbs.[...]CitarWhatever the outcome, the spread of basic income programs is a reminder of the growing divide between Democrats and Republicans, urban voters and rural conservatives, those who want more government in people’s lives and those who want less.“There’s no indication that I see that the American public thinks what we really need is more aid to people who choose not to work,” said Robert Rector, a conservative public assistance expert at the Heritage Foundation who helped shape the welfare changes of the 1990s.But in Democratic cities, in states deep blue and bright red, such as Columbia, S.C., Shreveport, La., and Birmingham, Ala., political leaders are moving in the opposite direction. Mayor Lightfoot may be in the throes of a difficult campaign for re-election, but none of her eight rivals for the Democratic mayoral nomination ahead of the first round of voting on Feb. 28 have made an issue of her guaranteed income effort.[...]
$500 a Month, No Strings: Chicago Experiments With a Guaranteed Income
By Jonathan WeismanFeb. 13, 2023, 5:00 a.m. ETCHICAGO — Christopher Ellington’s South Side photography studio crashed in 2020 with the onset of the pandemic. By March 2021, he was scraping by on a tax preparation and financial advice business when gunshots rang out one day as he was leaving work. Two bullets from a drive-by shooter pierced his head and left him permanently blind.The creditors were closing in, the rent notices piling up. And then a helping hand came late last summer from Mayor Lori Lightfoot’s administration: the first of a year’s worth of monthly $500 checks, with no strings attached and almost no questions asked.“Talk about shock,” said Mr. Ellington, 32. “It was ‘Hey, the government is doing this? Wait a minute. I don’t have to, you know, report this and report that, and you don’t have to go through all of my business and I don’t have to watch what I say?’ I was like, ‘This is how it should be.’”Chicago and the surrounding suburbs of Cook County are conducting the largest experiment of its kind in the nation, an effort to supply thousands of residents with a basic level of subsistence, not in the form of food, housing or child care — just cash. Ms. Lightfoot’s $31.5 million Resilient Communities Pilot selected 5,000 city residents in August to receive a guaranteed cash income for a year. The first $500 checks from a separate program, a $42 million county pilot, went out in December to 3,250 residents concentrated in the near-in Chicago suburbs.
Whatever the outcome, the spread of basic income programs is a reminder of the growing divide between Democrats and Republicans, urban voters and rural conservatives, those who want more government in people’s lives and those who want less.“There’s no indication that I see that the American public thinks what we really need is more aid to people who choose not to work,” said Robert Rector, a conservative public assistance expert at the Heritage Foundation who helped shape the welfare changes of the 1990s.But in Democratic cities, in states deep blue and bright red, such as Columbia, S.C., Shreveport, La., and Birmingham, Ala., political leaders are moving in the opposite direction. Mayor Lightfoot may be in the throes of a difficult campaign for re-election, but none of her eight rivals for the Democratic mayoral nomination ahead of the first round of voting on Feb. 28 have made an issue of her guaranteed income effort.