A tight-money policy reinforces inequality in two ways. Its high interest rates disproportionately reward the rich, and the resulting unemployment disproportionately punishes the poor. — Linda McQuaig Copy Share Image
A tight-money policy reinforces inequality in two ways. Its high interest rates disproportionately reward the rich, and the resulting unemployment disproportionately punishes the poor. — Linda McQuaig Copy Share Image
“ Jeremy Bentham argued that 'even in the best of times the great mass of citizens will most probably possess few resources other than their daily labour and, consequently, be always near indigence'. As long as working man was near indigence, hunger would remain an effective tool to goad him to labour. Bentham argued that an important task of government… — Linda McQuaig Copy Share
The absurdity of public-choice theory is captured by Nobel Prize-winning economist Amartya Sen in the following little scenario: "Can you direct me to the railway station?" asks the stranger. "Certainly," says the local, pointing in the opposite direction, towards the post office, "and would you post this letter for me on your way?" "Certainly," says the stranger, resolving to open… — Linda McQuaig Copy Share
The statement, "The debt problem has become so extreme that we have no choice but to cut social spending" is presented as an objective… — Linda McQuaig Copy Share Image
The basic issue is whether the financial elite or the government on behalf of the people should have the profit from creating money. — Linda McQuaig Copy Share Image
Even before winning its majority, Harper's Republican-styl e Conservative party - well to the right Canada's traditional Progressive Conservative Party - managed to win… — Linda McQuaig Copy Share Image
The free market is notorious for distributing resources in a highly unequal manner, with great concentrations of wealth at the top and poverty at… — Linda McQuaig Copy Share Image
For society to function some kind of reasonable balance has to be stuck between the competing interests of creditors and debtors. Although the mandate… — Linda McQuaig Copy Share Image
High interest rates focus on the revenue of a parasitic class.Historically the financial system has been structured in favour of moneyed interests, that is,… — Linda McQuaig Copy Share Image
Anyone observing U.S. politics in recent years could easily conclude that lying about having sex is a serious offense worthy of impeachment, while lying… — Linda McQuaig Copy Share Image
