Economy & Economic Justice

Minimum Wage 101

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  • Living in a New Gilded Age

    The Trump Justice Department has approved a $69 billion merger between CVS, the nation’s largest drugstore chain, and insurance giant Aetna. It’s the largest health insurance deal in history.

    Executives say the combination will make their companies more efficient, allowing them to gain economies of scale and squeeze waste out of the system.

    Rubbish. This is what big companies always say when they merge.

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  • Just When Should We Start Worrying About Deficits?

    The U.S. deficit is rising again, a lot. The Congressional Budget Office just said it expects the deficit to top $1 trillion in 2019, a record. Some economists say that at some point, debt becomes a drag on growth. Is the U.S. approaching that threshold? Should we be worried? Bloomberg Opinion columnists Stephanie Kelton and Noah Smith met recently online to debate.

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  • The Three Big Lessons We Didn't Learn From the Economic Crisis

    Ten years ago, after making piles of money gambling with other people’s money, Wall Street nearly imploded, and the outgoing George W. Bush and incoming Obama administrations bailed out the bankers.

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  • Opinion: Trump’s Policies Will Displace the Dollar

    The benefits that the US reaps from having the world's main international currency are diminishing with the rise of the euro and renminbi. And now President Donald Trump’s misguided trade wars and anti-Iran sanctions will accelerate the move away from the dollar.

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  • The Next Crash

    September 15 will mark the tenth anniversary of the collapse of Lehman Brothers and near meltdown of Wall Street, followed by the Great Recession.

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  • Why Wages Are Going Nowhere

    The official rate of unemployment in America has plunged to a remarkably low 3.8%, but the official rates hide more troubling realities. 

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  • The Public Purse

    As part of the lecture series between UCL Institute for Innovation and Public Purpose (IIPP) and the British Library, Stephanie Kelton speaks on why a government budget should not be looked at in the same way as a household budget.

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