Economics

Center on Wealth & Poverty

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Time is money

Time Equality is Rapidly Increasing

Jordan Peterson’s Rule No. 4 says you should “Compare yourself to who you were yesterday, not to who someone else is today.” Since we each get exactly 24 hours in a day and no one can buy time (otherwise rich people would never die), isn’t it better to compare differences in how we spend our time? Read More ›
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jewish holiday Chanukah/Hanukkah family selebration. Jewish festival of lights. Children lighting candles on traditional menorah over glitter shiny background

The Rarity of Homelessness in Judaism

Christmas Eve this year is also the beginning of Hanukkah, an eight-day Jewish festival — and Jews are less likely to be homeless than non-Jewish Americans. That's not a new phenomenon. Between 1880 and 1914, about 1.5 million Jews (including my grandparents) emigrated from czarist Russia to North America. They lived apart from the mainly Christian charity networks, yet observers at the time noted very little Jewish homelessness. Why? Read More ›
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Addiction Treatment Should Look Like This

In this episode of Restorations, Caitlyn McKenney is joined by the founder of Battlefield Addiction Art Dahlen. As a former addict, Art shares personal insights on addiction treatment, the policy environment in Seattle, and the power of language. Learn more about Battlefield Addiction at battlefieldaddiction.com Join the conversation on X @CaitlynMcKenney or @DiscoveryCWP. Episode Summary: In this episode of Restorations, host Caitlyn McKenney speaks with Art Read More ›

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Unrecognizable woman hand helping man to stand up

Gurteen and Lowell: Nineteenth Century Views on True Charity

One Buffalo pastor, S. Humphreys Gurteen, said poverty was a problem, but an underlying cause was not material. He worried about the “concentrated and systematized pauperism which exists in our larger cities.” Gurteen wrote regarding “paupers” — those among the poor who had given up on working — that, “If left to themselves and no kind hand is held out to assist, they will inevitably sink lower and lower, ’til perchance they end their course in suicide or felony.” Read More ›
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Image by Edward H. Savage, no known copyright restrictions exist, accessed at Wikimedia Commons: https://commons.wikimedia.org/wiki/File:Police_records_and_recollections,_or,_Boston_by_daylight_and_gaslight_-_for_two_hundred_and_forty_years_(1873)_(14780252001).jpg

Jerry McAuley’s Nineteenth Century Homelessness Ministry

In 1872, McAuley rented a small Water Street room with funds provided by church leaders who admitted the failure of their plan to import middle-class ecclesiastical style into the Rat Pit. McAuley's services were different than anything Water Street, or other mean streets, had seen. He invited in homeless men and others for cheap but hot food, and lots of hot stories. Read More ›
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Eagle printed on bill of america
Image Credit: Photo By: Kaboompics.com - Pexels

How to End the Fed

President Wilson enacted the Federal Reserve Act in 1913. This allowed a consortium of private bankers to establish what amounted to a central bank monopoly currency issuer in the United States — although they took great pains to deny that was the goal. The Federal Reserve was never part of the government. It was the fourth attempt by private bankers to establish a monopoly currency issuer in the United States. Read More ›