Trillions in coronavirus spending is putting AOC’s favorite economic theory to the test
Modern monetary theory is tested as countries spend unprecedented amounts to aid companies, workers and citizens during the pandemic.
Author Archives: Steven Pressman
Trump’s right: Congress should give Americans $1,000 a month right now to fight the coronavirus recession
Direct payments are just what low-wage Americans suddenly without a paycheck need to endure the crisis, which could last many months.
Democratic plans for raising taxes on the rich: A guide for the middle class
Here is a brief look at the tax plans of the top eight candidates in the polls and what economists think about them.
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.
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.