If you really worry that the U.S. might turn into Greece, you should focus your concern on America’s right. Because if the right gets its way on economic policy — slashing spending while blocking any offsetting monetary easing — it will, in effect, bring the policies behind the Greek disaster to America.
Democracy Now! speaks with Greek Finance Minister Yanis Varoufakis in Athens. The debt clock is ticking, and Greece refuses to implement more austerity.
Federally backed student loans have been available in this country, in one form or another, since the 1950s. But student debt has only reached crisis proportions in recent decades.
Tom Lehrer -- We'll All Go Together When We Go. Detroit Man Beaten by Police Speaks Out. Boom Bust Boom Trailer. New York Subway's Danny Small. SEC's Andrew Bowden at Stanford – A Regulator for Sale?
Monty Python star Terry Jones co-wrote and co-directed this completely serious economics documentary, whose experts include Nobel Prize winners Daniel Kahneman, Robert J. Shiller and Paul Krugman.
When more and more can be done by fewer and fewer people, the profits go to an ever-smaller circle of executives and owner-investors. It may be that a redistribution of income and wealth from the rich to the rest of us becomes the only means of making the future economy work.
A profound crisis of identity burdens the Democratic Party. What does the party really believe? Whose interests will the nominee truly fight for? Democrats lost their old soul long ago. The 2016 election could become the decisive moment that either transforms the party with an aggressively liberal economic agenda or clings to the past and the “corporate-friendly” straddle devised a generation ago by Bill Clinton’s New Democrats.
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New Resource - Greece, Golden Dawn and Fascism
Over the last few decades, productivity has grown substantially, but the hourly compensation of the typical worker has grown much less. Any effort to reestablish a link between pay and productivity growth will need to promote policies that enable workers to once again join unions and bargain collectively.
On Friday, on the eve of the annual meeting of The American Economic Association in Boston, attended by many of the top economists in the United States, the agents of the heterodoxy had come to declare war on the profession. The small group threw their messages onto the side of the Sheraton Boston in glowing, six-foot tall letters: “BEFORE ECONOMICS CAN PROGRESS, IT MUST ABANDON ITS SUICIDAL FORMALISM.”
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