The Fed’s pursuit of its 2% inflation target will slow economic growth, repress wage gains, make almost everyone’s job less secure, and put us at risk for a recession.
Workers haven’t gained as much leverage as a superficial examination might suggest. Advances thus far, such as they are, still leave miles to travel before the American working class recovers all the economic standing it has lost since the 1970s.
Seventeen recipients of the Nobel Memorial Prize in Economic Sciences have signed an open letter in support of President Biden’s Build Back Better package currently being considered in Congress.
In this new book, Zambian-born economist Dambisa Moyo is concerned with the relationship between democracy and economic growth. Reviewer Donohoe considers whether the author sees any intrinsic value in democracy.
To most Americans, the best marker of a healthy economy will always be a decent-paying, full-time job. An economy only deserves celebrating when people with full-time jobs have rising paychecks. In America today, they don’t.
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