Economy
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Jobless Recoveries and the Cancer of Debt
I get a lot of email from readers. I recently got an impassioned letter from very-long-time reader Bill K., who asks some very pointed questions...
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Foreign Banks Tapped Fed’s Secret Lifeline Most at Crisis Peak
U.S. Federal Reserve Chairman Ben S. Bernanke’s two-year fight to shield crisis-squeezed banks from the stigma of revealing their public loans protected a lender to...
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Gallup Finds U.S. Unemployment Rate at 10.0% in March
Underemployment falls to 19.3% from 19.9% at the end of February
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ECB FOCUS-Europe rates to lead U.S. as global power shifts
FRANKFURT, March 31 (Reuters) - After following the Federal Reserve's lead for over a decade, the European Central Bank is poised to launch a series...
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Wal-Mart CEO Bill Simon expects inflation
U.S. consumers face "serious" inflation in the months ahead for clothing, food and other products, the head of Wal-Mart's U.S. operations warned Wednesday.
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Oil climbs to highest since 2008 on Libya conflict
NEW YORK (AP) -- The price of oil rose to a 30-month high on Thursday as fighters loyal to Moammar Gadhafi pushed back rebels from...
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Could Declining House Values Spark The Next Taxpayer Rebellion?
You might think property taxes have declined 30%, paralleling declines in housing values. But nope--property tax revenues have shot up 27% just since 2006.
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Cash for Clunkers 2: The Return of Government Motors
Ready for another cash for clunkers program? It looks like General Motors is attempting to replace it's own consumer incentives with tax payer money.
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Food Inflation Kept Hidden in Tinier Bags
Chips are disappearing from bags, candy from boxes and vegetables from cans.
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Dear Paul Krugman: You Do Not Understand Modern Monetary Theory
Paul Krugman came out Friday with another misrepresentation of MMT. For some reason, he has come to the false conclusion that MMTers believe deficits don’t...
