As of today, the U.S. government’s current deficit and debt are indeed currently at unprecedented levels for peacetime—once we account for them appropriately.
Back in January, the Clinton campaign sent a flyer accusing Obama of planning to impose "a trillion dollar tax increase on America's hard-working families" by lifting the cap on income subject to Social Security taxes. The truth was something different. Read more »
National governments, by serving as "employers of last resort," could guarantee full employment by providing a job for anyone ready, willing, and able to work. Read more »
What do Barack Obama, Hillary Clinton, and John McCain have to say about our current reality of financial crisis and recession, and the generation-long stagnation in average living standards that has preceded the crisis of the moment? Read more »
Dear Dr. Dollar: Doesn't all the war spending stimulate the economy? And shouldn't the Bush tax cuts do the same? So why are we falling into recession? Read more »
The governing left coalition of the Indian state of West Bengal abandons its alternative development path for neoliberal "reforms." | Order this issue or subscribe.
Testing Economics
Mark Maier and Julie Nelson
Does the national economics assessment test high school students for economic literacy—or economic ideology? | Order this issue or subscribe.
