demand crisis

Greek Austerity: Don’t Try This at Home!

Feb 28, 2014
Ironically, the very New Deal legacy that austerians work to euthanize in the U.S. is the chief thing that has prevented the country's economy from completely crashing.

The Investment Crisis Midwifing the Ongoing Recession

Aug 10, 2013
Investment in what experts call "real inputs" -- structures and machines that enable and boost future output and productivity -- is one way an economy grows over time. No wonder, then, that an economic crisis occurred just decades after the share of national income going to investment began declining during the start of the neoliberal era, around 1980, UMass-Amherst professor Gerald Friedman writes in Dollars & Sense.
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How Congress Could Fix Its Budget Woes Permanently

Feb 14, 2013
Money today is simply a legal agreement between parties. Nothing backs it but “the full faith and credit of the United States.” The United States could issue its credit directly to fund its own budget, just as our forebears did in the American colonies and as Abraham Lincoln did in the Civil War.