What’s Different About Today’s Government Deficit and Debt?
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.
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Dear Dr. Dollar: Abolishing the Fed is No Solution to a Real Problem
Is the Federal Reserve, the Fed, as important to the operation of the economy as it seems? How does it work? If it is so important, how can anyone take seriously politicians such as Ron Paul, who calls for the Fed's abolition? --Tom Prebis, Cleveland, Ohio
Greetings from the New Economy
In a race against climate change, a new movement seeks to build a just, sustainable world.
New Blog Look; Move
(1) New Blog Look!: Many thanks to Angie Brandt, WordPress expert, for sprucing up our blog! Longtime readers of this
Why Bill Black Won’t be Briefing Congress about Derivatives
A guest post by William K. Black, professor of economics and law, University of Missouri at Kansas City. Cross-posted at
How to (Really) End This Depression: a Response to Paul Krugman
In the May 24 New York Review of Books, Paul Krugman writes, "The truth is that recovery would be
The Swaps Crisis
Interest rate swap deals have allowed the big banks to hold local governments and agencies hostage for tens of millions of dollars.
Greece/Eurozone panel; Dying for Growth; Links
(1) Panel discussion with Mark Weisbrot, Jeffrey Frankel, and Richard Parker: I went to the panel discussion that D&
Left Forum, Mark Weisbrot, etc.
(1) Left Forum: Left Forum 2012 was a big success and a lot of fun. Most of my time was
Goldman and Greece, etc.
(1) Goldman Sachs and Greece: A piece in Bloomberg about how Goldman made a "secret loan" to Greece
New Issue! Plus Links
(1) May/June Issue: We have sent our May/June issue to our e-subscribers, and we've sent the
Palestine's Golden Oil
Underneath much of the Middle East lies the world's oil supply, which is pumped year-round to keep the