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On Freedom

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On November 1, 2018
Mike Konczal and Nell Abernathy have a call to arms, urging the Democratic Party to embrace economic freedom as a core strategy. They identify three freedoms, as opposed to FDR’s 4. There is Freedom From Poverty, Freedom For Workers, and Freedom From Corporate Power. I certainly agree and I hope my work on labor rights, […]
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Recession!

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On December 2, 2016
The chances of a recession are pretty high in the next 4 years, just looking at historical trends. Given the incredible length of time it took for jobs to recover after the last recession, a trend that has been vastly increasing in recent recessions, we as a nation are really not ready for the next […]

Interest Rates

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On November 18, 2015

I’m surprised the Federal Reserve hasn’t raised interest rates yet as it’s been rumored for a good year. But the time is coming, despite Janet Yellen doing some work to forestall it

The Non-Recovery Recovery

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On May 1, 2014
Looking at real GDP is pretty strong evidence that this is not a “recovery” at all but rather a very long stagnation. Why? I’d argue for the combination of a lack of government spending combined with the outsourcing of decent work. Dealing with either problem is basically politically impossible. Thus I foresee no real improvement […]

Score One for OWS

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On November 29, 2011

The Republicans have decided to back the payroll tax extension, fearful of being painted as anti-middle class in the coming elections. As Kos noted in a tweet, there’s no way this happens withou

Debt

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In debt , economy , Rhode Island
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On August 13, 2011
Sarah Jaffe has an excellent if depressing piece about the recent spike in consumer debt: So why the jump in buying on credit, if people still don’t have money to spend? Carlos X. Alexandre at Seeking Alpha explained: “…the most logical interpretation is that as other sources of cash are drying up – jobs, equity […]
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