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.
The government’s least democratic branches are incompetent and corrupt because they are unaccountable. James Madison would not be surprised…
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Danger! Workers are doing too well! Call the Fed to shut that down! A conversation with former Treasury Secretary Larry Summers.
The popular narrative about worker shortages and layoffs is aimed at building a cultural consensus against workers and the labour movement, and is based on biased, partial, and contradictory definitions.
Unfounded Fed tightening myths are backfiring on the economy.
ProPublica’s Jesse Eisinger interviews law professor Lev Menand about his new book critiquing the role of the Federal Reserve.
Profits are booming and corporations are raising prices, but instead of regulating corporations, the Federal Reserve is using its powers to create a recession and raise unemployment. Workers will suffer.
The Fed knows inflation is a problem born of insufficient supply that only governments can tackle. But that doesn’t look like stopping it from pushing the US economy, and everyone else’s, into recession.
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