The original cryptocurrency can improve the financial security of hourly wage earners and retirees on fixed incomes.
Finance
Fiscal responsibility is the cornerstone of sound government. Without it, we’re putting our future at grave risk of insolvency, including programs low-income people rely on, such as Social Security and safety net programs. It increasingly puts the present at risk, too.
As our nation’s debt and deficit soar, the current policy solution for many is to spend our way out of it. FREOPP couldn’t disagree more. This method has harmed Americans with rampant inflation, unpredictable markets, and stagnant economic growth.
If America hopes to maintain its position atop the global economy, we must get our spending under control. Otherwise, it’ll be increasingly difficult to provide pathways for lower- and middle-income Americans to rise.
All Finance
Today’s post-COVID environment bears an eerie resemblance to the economic shocks of the 1970s.
The law authorizes “the circulation of a digital currency whose value answers exclusively to free-market criteria.”
Just as the FDIC protects Americans’ savings, deposit insurance for money-market funds can help protect their retirement funds.
New 401(k) rules give lower- and middle-earners access to high-return private equity funds previously only available to the wealthy.
Republicans’ tax legislation should be judged on its success in expanding jobs and increasing wages for lower-income Americans.