The dysfunctional debt ceiling and why we should kill it: 5 questions answered
Like the rest of us, governments must borrow when they spend more money than they receive.
Author Archives: Steven Pressman
The US economy likely just entered its longest ever expansion – here’s who benefited in 3 charts
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.
3 ways $2 trillion for infrastructure can fight inequality too
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.
What 3 economists say about the state of the union
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.
Stumped by the stock market slump? Start by picturing a used car dealership
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.
Two economic policies likely to change with Democrats in control of House
Economic issues on which the election outcome will make a meaningful difference: trade and infrastructure.
New data paint an unpleasant picture of poverty in the U.S.
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.
Recent stock market sell-off foreshadows a new Great Recession
In early February, concerns about inflation and rising interest rates sent global financial markets into a frenzy, prompting the biggest single-day drop ever in the Dow Jones Industrial Average.
3 key quotes from Trump’s first State of the Union, explained
“It is time to rebuild our crumbling infrastructure … I am asking both parties to come together to give us the safe, fast, reliable and modern infrastructure our economy needs and our people deserve.”
GOP tax plan doubles down on policies that are crushing the middle class
President Donald Trump has portrayed the tax plan Congress is wrapping up as a boon for the middle class. The sad reality, however, is that it is more likely to be its final death knell.