America’s current credit rating masks a fatal contradiction, and a downgrade is the only honest assessment of an empire in decline. The expanding war in Iran and the subsequent crisis in the Strait of Hormuz have fractured global energy supply chain
The Federal Reserve has quietly delivered nearly half a trillion dollars to Wall Street with few strings attached over the past few months. These cash infusions could signal instability in the broader financial sector.
As the Supreme Court now considers whether Trump can take over the Federal Reserve, we lose either way. In what may be its most difficult challenge: To whom does it owe its ultimate submission and greatest obeisance: Donald Trump, or Wall Street?
The Trump White House has helped install the ticking time bomb that is cryptocurrency directly into our economy. When it blows up, the damage will be catastrophic.
In persisting with its high rates policy, the Fed is acting like James Dean in the famous “chicken run” auto race in Rebel Without a Cause.
The real source of too many price hikes is concentrated market power, not macroeconomic overheating.
Leading economists' misdiagnosis of inflation in 2021-22 was the latest episode in a long-running series of failures. Either mainstream economists need to re-examine their core beliefs, or the profession needs a new mainstream.
The new term is for the megadonors who want a conservative Supreme Court to help them neuter the government regulators who hold power over their businesses.
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.
Inflation has been slowing but mainstream news reports that it is still high, and the Fed continues to talk about "high wages," and is raising interest rates to slow the economy and stop wage growth.
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