Tag: Federal Reserve
Blaming Banks or Government for Not Enforcing Their Side of the Bargain? (Swiss Referendum 3/3)
There is no easy monetary fix for the problems of modern capitalist economies says Jo Michell who argues that deep problems in the economy cannot…
What Do Banks Do For The Real Economy? (Swiss Referendum Pt 2/3)
Jo Michell explains the argument in favor of stripping banks of their ability to create money is based on a fundamental misconception of how the…
Why is Argentina Entering into a New Economic Crisis?
CEPR co-director Mark Weisbrot lays out the roots of Argentina’s latest economic crisis, which have to do with the government’s massive foreign borrowing spree, deepening…
Neoliberal Policies Are Tanking the Argentine Economy
Even with the IMF’s largest loan ever, Argentina cannot seem to avoid rising unemployment, high inflation, and recession. CEPR’s Mark Weisbrot explains that this is…
Trump’s Fed Nominee Has “Far Out Ideas,” But Criticism of the Fed is Important
Stephen Moore, Trump’s new nominee for the Federal Reserve Board, has some wacky ideas, but is correct about the need to keep interest rates low,…
Fed Comes to its Senses, Lowers Interest Rate
After causing almost every recession of the past several decades, the Federal Reserve is lowering interest rates before a recession takes hold. This represents an…
Central Bank Independence Is a Myth. They Need to Be Democratized.
Gerald Epstein discusses his new book, a collection of essays on how central banking is shaped, how it shapes the economy, and how it can…
A Coronavirus Bailout Will Save Corporations, Not Workers
What happened to the cash from the last bailout? Industries spent it all on stock buybacks and are now looking for billions more in relief…
Stock Market Gyrations Signal Serious Trouble Ahead
Although the connection between the stock market and the general economy is not as close as it used to be, we are overdue for a…
The Debt Delusion: This Is Not The Time To Worry About Deficits
Economist John Weeks says his new book, “The Debt Delusion: Living Within Our Means and Other Fallacies,” applies to the coming economic crisis caused by…
How rising interest rates are affecting Americans
The average interest rate on a credit card in November 2021 was 16.4%. As of September, the average credit card interest rate is nearly 24.5%….
Stock futures up after Congress averts government shutdown
Wall Street index futures kicked off October on a high note after lawmakers averted a government shutdown. Investors will wait to hear from Federal Reserve…
Job openings rise unexpectedly, August data shows
Jobs in the United States rose higher than experts predicted, according to new August data released Tuesday. Carleton English, a reporter at Barron’s, joins CBS…
U.S. jobs soared far beyond expectations in September
Businesses are still hiring at a high rate as consumer spending remains robust. Colby Smith, a U.S. economics editor for the Financial Times, joins CBS…
