Economy

OECD Advises Countries to Curb Extreme Inequality

April 15, 2018

Economist Michael Roberts says the change of tone within the OECD is interesting, but there are no takers ready to implement estate taxes to reduce inequality

Economic Update: Beyond the Political Theater

April 9, 2018

Economist Richard Wolff says all the posturing and finger-pointing–from the NRA’s anti-government fear mongering to Trump’s Chinese tariffs–are really just an effort to distract from the real issue: ‘It gets you focused on something other than the economic system that is screwing you’

After the 2008 Financial Crisis, a State of 'Productive Incoherence'

April 9, 2018
Some aspects of the global financial landscape have not changed since the 2008 financial crisis, while other aspects have changed in very important ways, leading to “a very messy kind of uneven process of change that has really been catalyzed by the global financial crisis,” says economics professor Ilene Grabel

Economic Bubbles and the Myth of High Returns

April 4, 2018

Stock prices are soaring now, but a price drop of 10-20% is a real possibility, says economist Dean Baker

Wall Street Bankers’ Executive Bonuses Highlight Worsening Inequality

April 3, 2018

Banks are collecting money from every corner of this economy, becoming “the special winner in the capitalist game of our time,” says economist Richard D. Wolff. The bonuses “strike another blow for that growing inequality between the rich and everybody else in the United States”

Trade War Greatly Exaggerated

March 31, 2018

America’s trading partners, including Europe and China, will likely wait for Trump to move on to his next distraction–which could be a real war, not a trade war, says CEPR co-director Mark Weisbrot

Economic Update- Capitalism Breeds Inequality

March 29, 2018

Since 1980, the income of the top .001 percent went up by six hundred percent, but the bottom fifty percent saw no income increase at all, says economist Richard D. Wolff

Trump Appoints Yet Another Deregulator – This Time to the FDIC

March 28, 2018

Jelena McWilliams will be the new FDIC director and this will mean a “slaughter” of the remaining banking regulations, which will already be significantly weakened via a new law to be passed soon by Congress, says former financial regulator Bill Black

Senate Expands ‘Lobbyist Bill’ to Deregulate Real Estate

March 15, 2018

New measures added to the financial deregulation bill include the deregulation of commercial real estate, which threatens to re-create the conditions that led to the 2008 financial crisis, says Bill Black