Blog: June 2020
The CPILW for May 2020 is 1.1%, a slight fall from 1.2% in April. It is 0.4% above the official CPIH and indicates that the official inflation measure CPIH understates inflation.
Slavery was and is a pathology of economics. Our long-standing failure to reflect that has caused us to mishandle our foundational concept of “an economic agent”. Correcting that will not only secure the integrity of our discipline at its core but is also essential to for us to grasp exactly what is at stake in the earthquake now unfolding in the United States—and its global implications—after the murder of George Floyd, and to ponder what is to be done about it.
The government has introduced a number of new policy initiatives offering financial support to those who lost their jobs during the crisis. However, the policies have been costly, not comprehensive, and financed in a way that is both unfair and endangering the prospects of post-crisis recovery. An alternative plan is proposed.