Politicians and economists find it hard to admit that we have two economies--one for the rich and one for everyone else--and the latter has been in a recession, if not a depression, for a long, long time.
Two new books seek to galvanize progressives at a key political moment: Paul Krugman's The Conscience of a Liberal and Jonathan Chait's The Big Con.
The softening economy, foreclosures, bank write-offs, the swooning dollar and stock market are intruding on the politics of 2008. Do the candidates have a clue?
As the superrich get richer, the rest of us sink deeper into debt. But when American consumers can no longer consume, our whole system falls apart.
Corporate America spends millions lobbying to win permanent most favored nation (MFN) trade status for China, with its vast market and dirt-cheap labor force.
The political mainstream is beholden to sclerotic economic policies that serve only a fraction of the public's interests.
His autobiography sheds light on what motivates hard-right political leaders to apply brutal economic shock therapy.
Forget 9/11. Alan Greenspan escapes vilification for his role in a plot against America's economic security.
To solve the subprime mortgage crisis, start with aid for vulnerable homeowners, smarter economic policies and a more competent Federal Reserve Board.
By pumping more money into the economy to bail out hedge funds and subprime lenders, the Federal Reserve will only worsen inflation's bite into average Americans' paychecks.