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 […]
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 […]
EPI has a petition up to demand that Trump & Co. not revoke a series of Obama-era worker protections
Poor, poor Wall Street, barely able to eke out record profits under these Draconian regulations.
Opposed to the minimum wage, violating workplace standards, opposed to breaks and overtime pay, and, oh yeah! Still believes in trickle down economics.
Yesterday Trump began the assault on financial regulation
Why wages have risen a paltry 8% and productivity a staggering 63% in the past 50 years.
No, seriously. This actually happened in America. http://www.jwj.org/aetna-raises-wages-proves-that-corporations-dont-need-to-rely-on-state-assistance
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.
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 […]