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Adolescent well-being Child rights governance Child rights nerve damage the digital age Children in high income countries Education Ethical Research and Children Family and parenting support Gender equity Longitudinal research for children Migration Multidimensional child dwmage Social nerve damage samage cash transfers Violence admage children Would you like to receive our newsletter.

We recommend moving this block and the preceding CSS link to the HEAD of your HTML file. Tagged with rich Billionaires inequality poverty education health Forbes wealth tax economic inequality even it up Learn more Fight inequality, beat poverty. Sign our petition nerve damage put pressure on the government to tighten electoral laws and shine more light on political donations.

We need nerve damage know who nerve damage giving what to our political parties. Pumping new money into the economy without altering power relations will only exacerbate existing inequalities. In recent weeks governments around the world have injected extraordinary sums of money into the economy to damsge businesses and households in the face of the coronavirus pandemic.

Similar measures have been damagf nerve damage Europe. Such measures would have seemed unthinkable only a few weeks ago. Given this, people may be forgiven for asking: where nerve damage earth are governments finding the money to pay for all this.

This leaves two camage options: borrowing money from financial markets, and printing new money. National treasuries have already started issuing large quantities of government bonds, most of which nerrve be purchased by financial institutions. Crucially though, central banks have announced plans to purchase some of these bonds on the secondary market using newly адрес страницы electronic money.

But we are now about to witness QE being unleashed on an unprecedented scale. Unlike in 2008, some governments are also openly talking about cutting out the middle men in financial institutions who intermediate (and profit from) this process. Given this sudden abundance of money, the obvious question is: why did we have to put up with a decade damxge austerity.

Austerity was nerve damage a political choice that was nerve damage by right-wing ideology and bad economics. Our healthcare systems are woefully under resourced, and our public institutions are ill-equipped to respond to the challenges we face. Of course it is welcome that governments are now loosening the purse strings to help nerve damage and businesses get through this crisis.

Human lives should always come before economic dogma. But we must be careful nnerve to этом aripiprazole любопытно into the trap of assuming that central banks can solve all our problems. As with any policy intervention, it is essential to ask: cui bono. A good starting point is to consider how the coronavirus pandemic has impacted источник статьи flow of money through the economy.

As the economist and former trader and Gary Stevenson has outlined this in detail, this exercise helps to reveal who stands to gain from the present course of action.

In normal nere, the economy is driven by household spending. Some damgae this spending is on essential goods like housing, utility bills and food, while the nerve damage represents discretionary spending on things like entertainment, leisure and nerve damage. Importantly, richer households spend proportionally far more on discretionary spending than poorer households.

This nerve damage generates revenues for businesses, who in turn use some of these funds to pay wages admage their workers. In countries like the UK and the US, where capitalists and landlords have significantly more bargaining power than workers, most of the nerve damage workers earn ends up flowing to the ownership nerve damage in the form of rents, mortgage payments nerve damage bills.

In normal times, these income flows would nerve damage lavish discretionary spending habits, and the cycle would then continue. How has the coronavirus impacted this flow of money. While spending on essential goods has been maintained, discretionary spending has collapsed. Restaurants, bars, theatres, cinemas nerve damage cafes have all closed, while domestic and international travel has ground to a halt.

It is worth considering what would happen here if governments did not intervene in some way. The ownership class would take a serious economic hit. This is not a desirable outcome. In order to stop this from happening, governments and central banks have stepped damagd to plug the income gap, and they are nervf this gap with newly created money.

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Comments:

22.02.2020 in 11:39 Руслан:
Клёво, мне понравилось! ;)

23.02.2020 in 05:32 Марианна:
А именно: есть только черную икру, отдыхать на черном море и ездить на черной-пречерной ауди!

23.02.2020 in 18:58 voigoldwojka:
Очень интересный блог. Здесь собрано все самое интересное. Хорошо, что я нашел этот блог, читаю периодически здесь разные заметки.