As the Trump show continues and each side of the political aisle takes aim at each other, the economy’s freefall is quickly reaching catastrophic levels.
The White House budget office doesn’t know if the $2.2 Trillion-dollar stimulus package and Trump’s $1,200 stimulus checks might cause an inflationary spiral. But many economists have no doubt it will.
The consequences of the $2.2 trillion stimulus package are being ignored, even by the White House budget office that put it together, admitting that the package had "come together so quickly," that they had no time "to do the customary modeling of its
Once again it appears that big business will get bailed out while the American people get sold out.
Hospitals overflowing with sick and dying patients. Overworked staff risking their lives wearing garbage bags as makeshift protective equipment against an invisible but deadly virus. Refrigerated containers left outside medical facilities, filling with the dead. Mass graves being dug in the city. It is like something out of a horror movie. But it
We can look to Iceland for an example of how to handle the next crisis. In 2008, they jailed the bankers, let the banks fail without taking on their debt and put controls in place to protect the economy.
Ten years ago, there was panic in Washington, DC, New York City and financial centers around the world as the United States was in the midst of an economic collapse. The crash became the focus of the presidential campaign between Barack Obama and John McCain and was followed by protests that created a popular movement, which continues to this
There are at least two good reasons why inflation remains well below targets even as the economy is improving and despite years of economic stimulus.
Since 2008, the Federal Reserve has more or less printed over $3.2 trillion in three rounds of quantitative easing. That’s now tapering off to zero, but many have speculated that all this printing must result in inflation simply because it puts more U.S. dollars out there
Prime Minister Shinzo Abe’s economic stimulus policies have put GDP growth numbers far higher than forecasts predicted.
In an era of dogmatic economic austerity, when elected officials in Europe and the U.S. are purging jobs and slashing public sector spending, Japan is trying a different approach to remedy economic recession by increasing spending on social programs to help the public and put people back to work.
And unlike austerity,
