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Recent proposals for large-scale fiscal relief and recovery from the economic effects of COVID-19 have drawn criticism that they could lead to “overheating” of the U.S. economy. These criticisms [...]

Sometimes things only make sense when seen through a magnifying lens. As it happens, I’m thinking about reality, the very American and global reality clearly repeating itself as 2021 [...]

Large tax cuts for the rich don't lead to economic growth and employment but instead cause higher income inequality, a new study that examined tax cuts over 50 years suggested. A recent [...]

Everyone we know is “for” trade. We can’t remember ever meeting anyone who is “against” trade. This simplistic view of globalization — that everyone is either for or against trade — brought grief [...]

Cambridge – As the neoliberal epoch draws to a close, two statistical facts stand out. There has been a continuing increase in income and wealth inequality since 1980, especially in the United [...]

Alexander Hamilton, popularized by the musical, "Hamilton," was the first treasury secretary of the United States. He has been called 'the founding father of capitalism and imperialism,' but [...]

Trump, Meadows, Mnuchin and McConnell cleverly set up and sucked in Pelosi and Shumer into negotiations last week, never planning to conclude a deal by Friday, in the process getting them to [...]

The U.S. economy shrunk at a seasonally adjusted annualized rate of 32.9 percent during the second quarter of 2020 as the first wave of the coronavirus pandemic spurred an economic collapse of [...]

The Federal Reserve Board – our unaccountable Central Bank – needs more citizen and Congressional supervision. Fees from financial institutions fund its operations, not Congressional [...]

The US economy at mid-year 2020 is at a critical juncture. What happens in the next three months will likely determine whether the current Great Recession 2.0 continues to follow a W-shape [...]

The International Monetary Fund (IMF) has released its June 2020 update. The prognosis is bleak. Global growth for 2020 is projected at -4.9%, 1.9% below the IMF’s forecast from April. ‘The [...]

It is increasingly likely that things are about to get worse in terms of US public health. And as that happens, so too will the US economy experience a further negative impact from the virus. A [...]

Rent strike organizing will not become widespread just because people are desperate.  These material circumstances need to be joined by the understanding that another world is possible.  That [...]

The Bank of England has warned the UK economy could, in the midst of the coronavirus outbreak, shrink by as much as 14% this year, which would be the biggest slump in 300 years. In the current [...]

You know that things are getting serious when #GeneralStrike starts trending on Twitter. It happened last week when Donald Trump was publicly mulling the idea of sending Americans back to work by [...]