Economists predict that we will soon see the direct injection of central bank-created money into the real economy worldwide. All other options having failed, governments will cover budget deficits by issuing money outright.
Missing from the mainstream debate over the Greek economic crisis is “the damaging role that the endless quest for economic growth plays,” writes journalist Jennifer Hinton at The Guardian.
Historic Obama critic Paul Krugman made an about-face in his opinion of the president's performance in a much-discussed Rolling Stone essay on Oct. 8 that Salon columnist Thomas Frank, who believes Krugman's "relentless, one-man war on austerity… should have earned him a second Nobel Prize," finds incredible.
The September/October issue of Foreign Affairs features an article titled “Print Less But Transfer More: Why Central Banks Should Give Money Directly To The People.” It’s the sort of thing normally heard only from money reformers and Social Credit enthusiasts far from the mainstream. What’s going on?
Charities and food activists have warned for months that the expiration of stimulus funds for food stamps Friday will affect every U.S. household that depends on them.
Journalist Mike Whitney praised the Truthdig editor in chief for being "the only voice on the left" to defend former Reagan budget director David Stockman against an "army of toffeenose pundits" who failed to honor the essential truth of Stockman's controversial New York Times op-ed.
The Nobel Prize-winning economist and public advocate is at the top of every liberal’s wish list for President Obama’s second-term Cabinet appointments.
For most of President Obama's term, Republicans have ignored the millions of jobs the Congressional Budget Office says the 2009 stimulus legislation created and instead argued that the government is incapable of boosting employment. Now the same GOP is barnstorming the country telling us the government can, in fact, create jobs -- lots of them.
OK, so it's only 135. Nonetheless it gives us pause when the former labor secretary and economic soothsayer tweets that China's "bubble will pop." If that happens, you can stop worrying about Greece and the other comparatively tiny economies of Europe.