Category Economy

Modern Monetary Theory Explained on Majority Report Podcast

Economics professor Stephanie Kelton discusses Modern Monetary Theory (MMT) on this episode of the Majority Report. Kelton explains why the world didn’t explode moments  after leaving the gold standard, and why we need to update the way we think about money in a post-gold economic system. Kelton explains that when the government spends money on something (like a […]

Coal v. Free Market

For all the GOP bluster about how great the so-called “free market” is, they may be somewhat disappointed to learn that it does not consider coal the energy of the future. ThinkProgress has an interesting piece on this, which, sadly, most of us already kind of knew. Yep! Sorry, folks, cheap natural gas and renewables […]

Economic Policy Institute Petition

EPI has a petition up to demand that Trump & Co. not revoke a series of Obama-era worker protections

Trump Begins Dismantling Financial Regulation

Poor, poor Wall Street, barely able to eke out record profits under these Draconian regulations.

No #Puzder for Labor Dept.

Opposed to the minimum wage, violating workplace standards, opposed to breaks and overtime pay, and, oh yeah! Still believes in trickle down economics.

So Long Dodd-Frank

Yesterday Trump began the assault on financial regulation

Wages and Productivity (Labor Day Reading)

Why wages have risen a paltry 8% and productivity a staggering 63% in the past 50 years.

A Corporation does some reading, raises its minimum wage to $16/hr

No, seriously. This actually happened in America. http://www.jwj.org/aetna-raises-wages-proves-that-corporations-dont-need-to-rely-on-state-assistance

2014 BEST JOB GROWTH IN 15 YEARS

The recent jobs report showed the US economy added many more jobs than expected, and this has helped to push 2014 all the way up to Best Jobs Year since 1999. And gas prices are way down. And we’re down to about 1.5 continuous wars, so things could be looking up.

JOBS REPORT – 321,000 ADDED AND WAGES UP

The latest jobs report showed the US economy added 321,000 jobs in November, which was significantly more than expected. Wages were also up, which, when combined with low fuel costs means November was a pretty sweet month to be an American consumer. This is being talked about as a reason that congress may embrace some […]