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Central banks will fail to tame inflation without better fiscal policy, study says
Central banks will fail to tame inflation without better fiscal policy, study says
Central banks will fail to control inflation and could even push price growth higher unless governments start playing their part with more prudent budget policies, according to a study presented to policymakers at the Jackson Hole conference in the United States.
·reuters.com·
Central banks will fail to tame inflation without better fiscal policy, study says
Open Secrets Scavenger Hunt
Open Secrets Scavenger Hunt
OPEN SECRETS SCAVENGER HUNT Lesson Description- Students will follow a trail of questions to help them gain a broad understanding of the money in U.S. politics and its effect on elections and public policy. Grade Level: 9-12 Essential Question: How does money influence US elections and public...
·docs.google.com·
Open Secrets Scavenger Hunt
What If We Selected Politicians by Lot? - FEE
What If We Selected Politicians by Lot? - FEE
In his 1964 book ‘Anything That’s Peaceful,’ Leonard Read explored the idea of selecting politicians by random lot. The idea actually has a lot going for it, he argued.
Whenever an election approaches, Americans hear political partisans arguing with increasing intensity that if we would just vote for them and the co-conspirators in their party, it would create the best of all possible worlds. However, many people suspect that doing so would produce the opposite result. People occasionally even propose (sometimes facetiously) that rather than things becoming as good as it gets if only the appropriate party were put in charge, we might be better off if we selected those who represented us by lot. Jazz Shaw did that recently at HotAir. And he cited very interesting recent polling from Rasmussen on that score. More than half (54 percent) of those surveyed, the most in any iteration of the survey, thought that random selection of politicians would produce better results for Americans. And this was before the presidential debate. In fact, only half as many people (27 percent) thought that we would not be better served by such an approach. Shaw then playfully discussed a few issues that might arise from implementing such an approach. But he didn’t seriously consider how improved incentives and results might arise from doing so. However, Leonard Read, the fountainhead of the Foundation for Economic Education (FEE), did think more deeply about such a situation in his 1964 book Anything That’s Peaceful, offering some insights worth considering. Read contrasted choosing most officeholders by lot for single terms with the current system, in which politicians and their partisans “compete to see which one can get himself in front of the most popular voter grab bag in order to stand foursquare for some people’s supposed right to other people’s income.” To seriously suggest such a comparison seems outlandish, since “voting is deeply embedded in the democratic mores as a duty.” On the other hand, Read noted that “any person who is conscious of our rapid drift toward the omnipotent state can hardly escape the suspicion that there may be a fault in our habitual way of looking at things,” a conclusion far truer six decades later. His argument began with the essential underlying question that must inform such a comparison: What is the appropriate role of government? “If it be conceded,” following America’s founders, “that the role of government is to secure ‘certain unalienable rights, that among them are the right to life, liberty, and the pursuit of happiness,’ by what stretch of the imagination can this be achieved when we vote for those who are openly committed to unsecuring these rights?” Read concluded that there would be a sharp contrast if we selected our political representatives by lot: With nearly everyone conscious that only “ordinary citizens” were occupying political positions, the question of who should rule would lose its significance. Immediately, we would become acutely aware of the far more important question: What shall be the extent of the rule? That we would press for a severe limitation of the state seems almost self-evident. He thought that, rather than voting being largely determined by who most effectively packages those Constitutional violations which would transfer the most resources to the voters in question—necessarily at others’ expense—people would focus on something like: “What does government do better for us with our own resources than we could do ourselves?” The current bipartisan momentum toward ever-larger government would be reversed. “Political parties [thus made] more or less meaningless—would cease to exist.” As a consequence, there would be “no more campaign speeches with their promises of how much better we would fare were the candidates to spend our income for us.” It would cause “an end to campaign fund-raising” and eliminate “self-chosen ‘saviors’ catering to base desires in order to win elections.” Since political parties are largely coalitions of invaders of others’ rights, voting to shift control from one coalition to the other cannot defend everyone’s rights. But selection by lot would eliminate any such power to bundle promises as to who is Peter and who is Paul in the “robbing Peter to pay Paul” political game. That would also undermine the lies that must presently be sold and free up the massive resources now dedicated to “selling” them. And a likely beneficial side-effect would be to lower many Americans’ blood pressure. It would usher in “an end to that type of voting in Congress which has an eye more to re-election than to what’s right.” It must also be remembered that, while many argue that re-election prospects provide incentives for politicians to advance American society, they also provide incentives to increase the harm imposed on those not in the dominant political coalition, as a means to keep their own coalition in office. And when the Constitution and, perhaps even more so, the vision of the Declaration of Independence have come to be honored more in the breach than the observance, Read thinks the latter incentive now dominate
·fee.org·
What If We Selected Politicians by Lot? - FEE
2024 US Presidential Predictions | Which party will win Georgia in 2024?
2024 US Presidential Predictions | Which party will win Georgia in 2024?
Find out which party will win Georgia in 2024. Get the latest predictions on PredictIt. PredictIt enables you to follow along with 2020 election predictions, politics, and much more! You can even make money on PredictIt!
·predictit.org·
2024 US Presidential Predictions | Which party will win Georgia in 2024?
Global Social Progress Index
Global Social Progress Index
We provide decision-makers and everyday citizens with the very best data on the social and environmental health of their societies and help them prioritize actions that accelerate social progress.
·socialprogress.org·
Global Social Progress Index
How Industry Competition Theory Can Help Fix U.S. Politics
How Industry Competition Theory Can Help Fix U.S. Politics
Unhealthy competition is at the root of political dysfunction. Applying a famous business framework can help identify the best ways to fix it.Although people...
·youtube.com·
How Industry Competition Theory Can Help Fix U.S. Politics
America Is Now the Divided Republic the Framers Feared
America Is Now the Divided Republic the Framers Feared
John Adams worried that “a division of the republic into two great parties … is to be dreaded as the great political evil.” And that’s exactly what has come to pass.
·theatlantic.com·
America Is Now the Divided Republic the Framers Feared
Economists Love the Misery Index
Economists Love the Misery Index
The Misery Index has been around for a while, but recently, it's been getting a lot of attention. Let's break it down and see what it's all about.
·mondayeconomist.com·
Economists Love the Misery Index
Voting and Registration Visualizations
Voting and Registration Visualizations
Data made visual with charts, tables, maps, and other graphic elements. They are often interactive and contain text for labeling, not narration.
·census.gov·
Voting and Registration Visualizations
Voting and Registration
Voting and Registration
In election years, the Current Population Survey collects data on reported voting and registration, and later reports stats by turnout, age, race and origin.
·census.gov·
Voting and Registration
The Disconnect in Our Economic Reality
The Disconnect in Our Economic Reality
Exploring why there's a disconnect between economic data and public sentiment, and how personal experiences shape our views on the economy.
·mondayeconomist.com·
The Disconnect in Our Economic Reality
Why the Economy Feels So Bad, and What It Means for the Election | WSJ State of the Stat
Why the Economy Feels So Bad, and What It Means for the Election | WSJ State of the Stat
The U.S. economy — by many measures — is doing great. But the majority of voters still feel the economy is bad. And as one of the biggest issues of the 2024 election, it could be hurting President Joe Biden’s re-election in his race against Donald Trump. So why is the consumer sentiment index so low despite a growing GDP and a healthy unemployment rate? And how are Americans feeling about their long-term financial security amidst wide-ranging social and political threats? WSJ explores what the data says about why voters are feeling so bad about the economy. Chapters: 0:00 Consumer sentiment 1:05 What’s driving economic growth? 2:16 Food, gas and housing prices 5:27 Long-term economic security 6:04 What this means for the election State of the Stat WSJ breaks down a key stat or data point to explain the current state of the political system — and why it matters. #Economy #Election #WSJ
·youtube.com·
Why the Economy Feels So Bad, and What It Means for the Election | WSJ State of the Stat
Why US elections only give you two choices
Why US elections only give you two choices
We don’t like the two-party system. So why do we have it? Help keep Vox free for everybody: http://www.vox.com/give-now America’s two-party system is widely hated. Very few Americans think the two major parties do an adequate job representing us, and most say more parties are needed. But when it comes time to vote, very few of us actually vote for third-party candidates. Often, this is explained as either a failure of will (we’d have third parties if more people would just vote for them), or a conspiracy (the political and media establishments suppress third-party candidates and ideas). And it’s not that those things aren’t true. But there’s a much simpler explanation, and it’s the very basic rule governing almost every single one of our elections: Only one person can win. If you’re American, that probably sounds utterly reasonable: what the hell other kinds of elections even are there? But the answer is: lots. Winner-take-all elections (also called plurality voting, or “first past the post”) are actually a practice that most advanced democracies left behind long ago — and they’re what keep us from having more political options. Even if you’re not sold on the need for more parties in the US, though, scratch the surface of “only one person can win” a little and you start to see how it actually produces perverse results within the two-party system as well. It’s a big part of why the political parties have moved farther apart from each other, and it leaves about half of the country without any political representation at all. Watch the video above to see how. Subscribe to our channel and turn on notifications (🔔) so you don't miss any videos: http://goo.gl/0bsAjO 00:00 Two choices 1:05 Winner take all elections 3:05 Proportional representation 6:14 How to change things This video was inspired in part by this 2017 video by Liz Scheltens, Mallory Brangan, and Matt Yglesias, which I really recommend: https://www.youtube.com/watch?v=Nd-9op64t2M Sources and further reading: The political journal Democracy devoted an entire issue to the idea of proportional representation in the US, with essays by several of the people who have thought the most about it: https://democracyjournal.org/magazine/70/for-a-better-democracy-proportional-representation/ The advocacy group Protect Democracy put together a really helpful primer on the different kinds of proportional representation and the philosophy behind it in general: https://protectdemocracy.org/work/proportional-representation-explained/ Protect Democracy also authored this report about how to actually change the law that prevents proportional representation in the US Congress: https://protectdemocracy.org/wp-content/uploads/2023/03/Towards-Proportional-Representation-_-March-2023-.pdf The organization FairVote mapped out what multi-member congressional districts would look like throughout the US: https://fairvote.org/sample-fair-representation-act-maps/ RadioLab did an episode explaining single transferable voting, Ireland’s electoral system, that I found really fun and helpful: https://radiolab.org/podcast/tweak-vote/transcript Here’s the 2023 poll showing that two-thirds of Americans want a viable third party: https://news.gallup.com/poll/512135/support-third-political-party.aspx The UK’s Electoral Reform Society has a helpful resource on which countries use which kinds of electoral system: https://www.electoral-reform.org.uk/which-european-countries-use-proportional-representation/ The Ranked Choice Voting Resource Center has info on where in the US ranked choice voting is already being used: https://www.rcvresources.org/where-is-rcv-used The federal law mandating single-member districts for congressional elections is the 1967 Uniform Congressional District Act. The language is here in Section 2c: https://www.govinfo.gov/content/pkg/USCODE-2011-title2/pdf/USCODE-2011-title2-chap1-sec2c.pdf Subscribe to our channel! http://goo.gl/0bsAjO Vox.com is a news website that helps you cut through the noise and understand what's really driving the events in the headlines. Check out http://www.vox.com. Watch our full video catalog: http://goo.gl/IZONyE Follow Vox on Facebook: http://goo.gl/U2g06o Or Twitter: http://goo.gl/XFrZ5H
The person who gets the most votes wins. 0:05 Let's talk about this. 0:07 In the US, 0:08 we basically have two choices in elections. 0:13 And... listen. 0:15 It's not going amazing. 0:16 “Government shutdown” 0:16 “Split Congress” 0:18 “Great divide” 0:19 “Cannot agree” 0:20 “Too polarized” 0:21 “Big majorities don't want either one of them running.” 0:24 Big majorities of us actually don't want the two-party system at all. 0:27 We want more options. 0:30 But a lot of the time, 0:32 we actually do have more options. 0:36 It's just that, when it comes time to vote for them, 0:39 we mostly don't. 0:41 We kind of can't. 0:43 In our system, voting for a third party 0:46 helps the party you least agree with. 0:48 It's just a protest vote. 0:51 But there's a way 0:52 we could make it more than that. 0:55 We just need to take a closer look at this. Winner take all elections 1:05 New England. 1:06 The northeastern region of the US. 1:08 About 15 million people live here. 1:10 These six states send 21 Representatives to Congress. 1:15 And in the 2022 Congressional elections, 1:18 36% of voters here voted for Republicans. 1:23 But none of this region's 21 Representatives are Republicans. 1:27 It means that the perspective of the New England Republicans, 1:30 who have historically been fiscally conservative 1:32 and more socially progressive, is not reflected in Congress. 1:36 This is because of the way we elect Representatives to Congress, 1:40 where every Representative comes from a different district, 1:43 each district holds its own election, 1:46 and in each election, 1:47 the person who gets the most votes wins. 1:50 These are “winner take all” elections. 1:52 And they produce this result all over the country. 1:55 Take the state of Oklahoma. 1:57 Oklahoma has five Congressional districts. 1:59 It votes one third Democratic. 2:02 It has no Democratic Representatives. 2:06 And before we start blaming gerrymandering for this, 2:08 in other words, the shape of these districts, 2:10 in Massachusetts, which I admit does look kind of gerrymandered, 2:15 a group of independent mapmakers looked at this situation. 2:19 And they tried to draw new district maps 2:21 that would give Republicans some representation here. 2:25 But they found that, “though there are more ways of building 2:28 a districting plan than particles in the galaxy, 2:31 every single one would produce a 9-0 Democratic delegation.” 2:35 And now imagine if, 2:37 in every single House race, there was also a really popular 2:40 third party, getting 25% of the vote, 2:44 in every district in the country. 2:46 That party would earn... 2:48 zero seats in Congress. 2:51 If you ask yourself, why haven't you voted for a third party, 2:54 most of the time it’s, well, they don't really have a chance. 2:56 Our system, by its very nature, precludes political competition. 3:00 But most democracies 3:02 don't actually work
·youtube.com·
Why US elections only give you two choices
Unemployment Rate+Consumer Price Index for All Urban Consumers: All Items in U.S. City Average | FRED | St. Louis Fed
Unemployment Rate+Consumer Price Index for All Urban Consumers: All Items in U.S. City Average | FRED | St. Louis Fed
Graph and download economic data for Unemployment Rate+Consumer Price Index for All Urban Consumers: All Items in U.S. City Average from Jan 1947 to Jun 2024 about labor underutilization, headline figure, civilian, 16 years +, labor, household survey, unemployment, rate, USA, average, all items, urban, consumer, CPI, inflation, price index, indexes, and price.
·fred.stlouisfed.org·
Unemployment Rate+Consumer Price Index for All Urban Consumers: All Items in U.S. City Average | FRED | St. Louis Fed