The US Economy Could Use Some ‘Overheating’

By Josh Bivens, Economic Policy Institute. -

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 [...]

War Of The (Financial) Worlds

By Nomi Prins, Tom Dispatch. -

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 [...]

Huge Study Of 50 Years Of Tax Cuts For The Wealthy

By Grace Dean, Business Insider. -

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 [...]

It’s Time For Trade Policies That Benefit Us All

By Hillary Haden, The Stand. -

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 [...]

How Inequality Reduces Growth

By William H. Janeway, Project Syndicate. -

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 [...]

On Contact: Radical Hamilton

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’s Executive Orders Are Public Relations Stunts

By Jack Rasmus, Predicting the Global Economic Crisis. -

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 [...]

GDP Shrinks By Record Amount In Second Quarter

By Sylvan Lane, The Hill. -

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 [...]

Fed Guarantees Unproductive Debt And Perilous Speculation

By Ralph Nader, Nader.org. -

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

The Economy: What Lies Ahead

By Jack Rasmus, Predicting the Global Economic Crisis. -

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 [...]

Here Not Death But The Future Is Frightening

By Vijay Prashad, The Tricontinental: Institute for Social Research. -

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 [...]

Second COVID-19 Wave And The US Economy

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 [...]

A Note From The Ministry Of Staple Guns

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 [...]

Bank Of England Warns Economy Could Contract By 14% In 2020

By Michael Settle, The Herald. -

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 [...]

Here’s What A General Strike Would Take

By Hamilton Nolan, In These Times. -

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 [...]