Archive

The data from the Federal Reserve audit is full of frightening revelations about U.S. economic policy and those who implement it. When Wall Street went off the rails in the fall of 2008, policymakers told the public we had a certain kind of problem, knowing all along...

Tomorrow the Deficit Commission votes on its draft proposal. That proposal will not "pass," according to the charter that created the Commission. But if it gets enough yes votes, it's likely to trigger a chain of events that will cost the President and his party...

In general, macroeconomic policies cut two ways on inequality — one via effects on economic activity, which if favorable, can reduce inequality by creating more jobs and raising wages, and the other through effects on the stock market, which can make inequality worse...

Let's face it. Nothing about the economic crisis is funny. Nothing about America's 9% unemployment rate, 14.8 million unemployed, or 6.2 million long-term employed is funny. And there's nothing mildly amusing about the 2 million Americans whose unemployment benefits...

The following was originally published at Politico. "The era of deficit denial is over," crowed former Sen. Alan Simpson, the garrulous co-chair of President Barack Obama's deficit reduction commission. But the debate about what is to be done has just begun....

The GOP has adopted the Ken Lay principles – that is obfuscation, false statements and feigned innocence. Republicans are obfuscating about the real reason for their opposition to extending unemployment benefits, the way Enron CEO Ken Lay concealed the truth about...