How Federal Reserve policies, the recession they triggered, and broader political and economic changes weakened workers’ power and helped usher in an era of extreme inequality.
A string of primary victories by DSA-backed candidates and other progressives—from New York to Michigan to Florida—is giving the Democratic left new leverage while putting its ambitious economic agenda back at the center of the party’s debate.
Fed chair Ben Bernanke got “hooked” on Milton Friedman and Anna Schwartz while he was in grad school. Following their teachings on the Great Depression, he’s been starving the real economy to avoid interfering in free markets. Read more »
Although you have to dig into the statistics to know it, unemployment in the United States is now worse than at any time since the end of the Great Depression.
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Part recession, part depression, today’s economic meltdown is very much a product of the large dose of economic repression that
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