From stagnant wages and rising prices to widening inequality, the economic forces behind voters’ growing discontent reveal a deeper, decades-long problem.
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.
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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