Many of the Fed officials who met with Fed Up activists expressed support, at least in principle, for the group's goals. That's commendable. But the Fed is hamstrung by its own ambiguous structure.
Imagine, if you will, going to the IRS and saying, “I don’t think the tax rate is fair so I’m not going to pay it.” Regular Americans can’t do that. But Apple CEO Tim Cook just did.
Here's how to play race politics to win white conservative votes: Feign sympathy for black people while vowing to keep them in their place and shut down their talk of systems of institutional racism.
A policy debate almost broke out in the presidential election when the two candidates traveled to Michigan to lay out contrasting economic agendas. What became clear is that the old establishment consensus will not hold.
A consequence of historic racial and wealth inequality, woven deeply into the fabric of our economic system and our politics, is largely absent from our political discussion in both political parties.
There are only two economists on Donald Trump's economic team. But hedge funds are represented. So are fracking, tobacco, guns and steel. So is the guy who ran Chrysler into the ground before it was rescued by the government.
Donald Trump says he would borrow the money for infrastructure by selling US Treasury bonds. That is exactly what the US government — and every other government — does, and has done, to fund infrastructure maintenance and modernization.
The major issue the public is reacting to isn’t terrorism or racism. It’s the rigging of our economy – the increasingly tight nexus between wealth and political power.
No one will ever run the 100-meter dash in less than five seconds. And no one, the story of Brazil’s 21st century suggests, will ever end poverty while ignoring grand fortune.
We're witnessing accelerating advantages for the affluent and compounding disadvantages for everyone else.
After acknowledging that poverty is systemic, House Speaker Paul Ryan in an NPR interview turns around and blames the poor themselves as being personally -- even morally -- responsible for being poor.
Payday loans siphon money out of local communities and depress consumer spending. When consumers turn to payday lenders, only to face financial turmoil, small businesses realize the impact on their revenue sheets.
A merger of two food giants announced Thursday underscores why Sen. Elizabeth Warren has taken on a new crusade against corporate mergers and consolidations, and why that issue is in the Democratic Party platform.
At the start of the Independence Day weekend, we learned that income inequality in this country became even worse last year. Economic inequality produces scars that last a lifetime – and even longer. We must act.
We all know what happened in the City of Brotherly Love 240 years ago on July 4. Maybe we should also pay some attention to what took place there two months later as we consider the state of our economic inequality.
Financial legislation passed by Congress solidifies what one Puerto Rican leader calls an "experiment in extreme capitalism" – one that is already having extreme consequences on the people who live on the island.
Although Tony Blair laments the failure of the “political center,” the Brexit vote didn’t happen because he and his colleagues failed. It happened because they succeeded. Voters don't like the effects on either side of the Atlantic.
Earlier this month, the Consumer Financial Protection Bureau revealed new rules to rein in payday lenders and their outrageous fees. Now, the CFPB needs to take the next step to protect Americans from these corporate loan sharks.
Britain's exist from the European Union carries vital political lessons for the Obama administration and Clinton campaign, both of which must not give reason for U.S. voters to further disdain the establishment.
Earlier this month, the IMF looked at what is happening to the world economy thanks to neoliberal policies and said, "Oh my God, what have we done?" Now ,the IMF is having another "OMG" moment.
Time and time again, tax cuts for the wealthy have proved ineffectual at sparking robust growth, while responsible budgeting that includes tax increases on the wealthy has repeatedly contributed to economic progress.
Donald Trump touts his business "success" as a major qualification for running the country. Recently some news stories have revealed how Trump runs his businesses. What those stories uncovered is alarming.
At TalkPoverty.org, a video and story that national mainstream media isn't writing about the disconnect between the right-wing nostrums the House speaker is peddling and what the low-income people in Ryan's district actually need.
The long Verizon strike has ended, and the unions won. This means that the American middle class won, too.
Americans who feel like they’re being screwed are attracted to an authoritarian bully – a strongman who will kick ass. The former reality TV star appears tough and confrontational enough to take on powerful vested interests.
The "Take 5" film series opens with a look at the consequences of urban gentrification and a challenge for elected leaders to make sure that the wealth lifting up once-forsaken neighborhoods also lifts up its residents.
It’s easy to understand why Donald "I am really, really rich" Trump opposes raising the minimum wage. This guy who was born with a really, really silver spoon in his mouth doesn’t have a clue what living on $7.25 an hour means.
A new study by the Pew Research Center spurred a rash of headlines last week about the "dying" middle class. It's dying, but not from natural causes. It's being killed. What – and, for that matter, who – is responsible?
House Republicans proposed addressing Puerto Rico's debt crisis by cutting the pensions of retirees and cutting the pay of low-wage workers – to protect wealthy bondholders who gambled on the island's finances.
Can we conquer disease without concentrating wealth in a precious few pockets? Not-so-distant American history offers a clear and encouraging answer. The victory over polio a half-century ago created no billionaires.
A CSX freight train derailed in Washington, D.C. last week. To be fair, our society has been consistently indifferent to railway accidents everywhere. But each is a warning.
As the media erupt in fury over Donald Trump's comments on the debt, it is worth taking the opportunity to remind people that the interest burden on the national debt is near a post-World War II low.
The US can become a weakling, reliant on other nations for steel, including some, like China, that clearly are not allies. Or, the United States can act now, as U.S. Steel demands, to secure America’s industrial strength and independence.
If I were a betting man, I’d put my money a model of capitalism that’s neither no-lose socialism for the rich nor cruel hyper-capitalism for the rest, but share-the-gains capitalism for everyone.
The Panama Papers help reveal the extent to which the global financial system is rigged to favor the wealthy and powerful, says Eryn Schornick, policy adviser at Global Witness, in this Burning Issues video.
The defense industry is a poster child for what's wrong with our political system and misplaced priorities. The latest example: The hidden cost of the B-21 bomber, on which Sen. John McCain is now blowing the whistle.
On the issues that rank-and-file GOP voters purport to care about most – economic growth, debt reduction, national defense – the Progressive Caucus People's Budget contains the most serious and effective policies available.
Corporations virtually eliminated secure pensions, forced workers into risky, self-pay plans and handed hundreds of millions in tax-free retirement benefits to the top dogs. Pensions aren’t dead; they’re just exclusive now.
With other large countries perilously close to recession, the next president's beliefs about using government to stimulate economic growth are important, Josh Bivens of the Economic Policy Institute explains in this Burning Issues video.
It is stunning that supporters of presidential candidate Hillary Clinton would stand up for General Electric CEO Jeff Immelt in the face of GE's record of tax avoidance.
Our analysis and commentary on the 2016 presidential campaign