Modern monetary theory is tested as countries spend unprecedented amounts to aid companies, workers and citizens during the pandemic.
Author Archives: Steven Pressman
Direct payments are just what low-wage Americans suddenly without a paycheck need to endure the crisis, which could last many months.
Here is a brief look at the tax plans of the top eight candidates in the polls and what economists think about them.
Like the rest of us, governments must borrow when they spend more money than they receive.
In theory, economic growth should represent a higher standard of living. Unfortunately, economic growth during the current expansion has neither been deep nor broadly distributed among most Americans.
Spending in areas that will help struggling working and middle-class families hurt by ever-rising economic inequality would be a good place to start.
Three economists give their own assessments of the state of the union, as well as the president’s performance so far, ahead of the State of the Union Address on Feb. 5.
Used car dealers buy old automobiles and resell them. Similarly, stock markets are places where someone sells their ownership in a company to a dealer, who then finds someone else to buy it.
Economic issues on which the election outcome will make a meaningful difference: trade and infrastructure.
Child poverty has been relatively high in the U.S. since the late 1970s; for children in a female-headed household, the rate is near 50 percent.