What’s the deal with the debt ceiling? 5 questions answered
Just like the rest of us, governments must borrow when they spend more money than they receive.
Author Archives: Steven Pressman
Poor and middle-income families need a better way than 529s to save for college
The real reason so few families use 529 plans, however, is that they don’t actually make college more affordable.
What France and the UK can teach Trump about reviving America’s middle class
America’s middle class is in deep trouble.
Why Wall Street is like a used car lot
As the New York Stock Exchange marks its bicentennial, it is worth asking, what do stock markets actually do?
Yellen’s Fed faces a tricky rates dilemma in 2017 that may end up tripping up Trump
The important takeaway from the first interest rate hike of 2016 is that it’s not clear what the Fed will do next year.
What Donald Trump’s surprise victory means for the economy and business
Steven Pressman and three other economists weigh in on 2016 election results.
Why inequality is the most important economic challenge facing the next president
Dealing with the problem of inequality will actually make America great, rather than simply irate.