In 2008, around the same time Lehman Brothers collapsed and the mortgage market began to melt down, I got a call telling me my student loans were in default. I remember trying to grasp the logic [...]
By Sofia Lopez and Sara Mycklebust, Inequality.org. -
The Covid-19 crisis has both exposed and exacerbated racial and wealth inequality in the United States. As unemployment skyrockets and tens of millions of Americans struggle with a sudden loss of [...]
Viewing the GOP convention seemed a little like binge-watching the last several years’ parade of none-too-subtle signs of incipient fascism. We saw extreme nationalism, scapegoating immigrants [...]
Since Wednesday July 29, self-organized protests by campesinos and community members have kicked off in the municipality of Rosales in the Mexican state of Chihuahua. These coordinated actions [...]
The Federal Reserve Board – our unaccountable Central Bank – needs more citizen and Congressional supervision. Fees from financial institutions fund its operations, not Congressional [...]
By Josh Bivens and David Cooper, Economic Policy Institute. -
Because a weakening economy undercuts state and local tax revenues, and because states operate under balanced budget constraints, the coming months will see intense downward pressure on state and [...]
In sum, MMT suggests that the printing of money can be calibrated to the fulfillment of short and long term needs. Money could and should be provided for health care for all, support for [...]
Over the past couple decades, Capital One, Lugo’s pursuer, helped lead the way in transforming the nation’s local courts into collection machines. As recently as the 1990s, these courts conformed [...]
At a time when wealth is concentrated in the hands of a tiny elite, maintaining comfortable living standards for the majority requires reliance on abundant borrowing.
Too much lending, as we [...]
The generosity of agriculture and the potential for farmers, ranchers and all people to act in more selfless fashions can be found amongst the chaos of the times if one looks for it closely [...]
According to an April 6 article on CNBC.com, Spain is slated to become the first country in Europe to introduce a universal basic income (UBI) on a long-term basis. Spain’s Minister for Economic [...]
At least 90 percent of the nation’s cities are facing a budget crisis because of the economic shutdown in response to the COVID-19 pandemic, according to a mid-April report by the U.S. Conference [...]
Landlords across the country have been left in the lurch after nearly one-third of apartment renters in the US didn't pay any of their April rent during the first week of the month, according to [...]
By Francesco Canepa and Balazs Koranyi, Reuters. -
The tools used by the Federal Reserve and the central banks in the euro zone and Japan differ slightly but they mostly involve new, massive purchases of financial assets and cheap credit for [...]
Thursday’s jobless claims leave no doubt that the country is in the grips of another severe recession. More than 6.6 million Americans filed for unemployment insurance in the last week. That [...]
