Category Archives: Keynesian economics

Job Losses Mount From COVID-19

Popular Economics Weekly MarketWatch Total nonfarm payroll employment declined by 140,000 in December, and the unemployment rate was unchanged at 6.7 percent, the U.S. Bureau of Labor Statistics reported today. “The decline in payroll employment reflects the recent increase in … Continue reading

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Finding a Path to Greater Equality

Popular Economics Weekly CenterforEquitableGrowth Economic theory is finally catching up to political theory in showing policymakers how to right the record income inequality—worst in the developed world—that has plagued working Americans since the 1970s. It is about time when we … Continue reading

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Finding the Path to Greater Prosperity!

Popular Economics Weekly CenterforEquitableGrowth Economic theory is finally catching up to political theory by showing policymakers how to right the record income inequality—worst in the developed world—that has plagued working Americans since the 1970s. It is about time when we … Continue reading

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The Path to Economic Recovery—Part II

Financial FAQs Calculated Risk As I said in Part I of this series, there is a path to economic recovery from the worst recession since the Great Recession. Firstly, it means studying what economic policies have worked in past recoveries. … Continue reading

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The Path to Economic Recovery

Financial FAQs Calculated Risk There is a path to economic recovery from the worst recession since the Great Recession—and maybe the Great Depression. But it means escaping from the free market economic orthodoxy that has prevailed since 1980, and which … Continue reading

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Retail Sales, Manufacturing Recovering, But What’s Next?

Financial FAQs FREDretailsales Retail sales jumped 5.1 percent year-over-year in October, which means this recovery is much stronger than forecast. But the question for economists will be, can it continue with the ongoing winter COVID-19 surge? It’s incredible that consumers … Continue reading

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When Will Our Economic Civil War End?

Answering the Kennedys’ Call @WIL_inequality When Joe Biden becomes our new President in January 2021 and signals an ambitious ‘new’ new deal to rebuild America, the economic civil war that reached a high point with this presidential election has to … Continue reading

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Do We Want Another Great Recession?

Financial FAQs MarketWatch Federal Reserve Chair Jerome Powell has warned of “tragic’ economic risks if another coronavirus aid package isn’t passed by congress. This is while President Trump has just said that talks over additional aid will be suspended until … Continue reading

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What is This Election Really About?

Answering the Kennedys’ Call #eisenhower Now is the time to cure our record income and wealth inequality, since it’s not only adversely affecting the most vulnerable during this pandemic—including our mostly low-income essential health care and public safety workers—but overall … Continue reading

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Should The Fed Boost Inflation?

Financial FAQs FRED10yrInflation The Federal Reserve is so desperate to support growth in this pandemic that it wants to allow inflation to rise above its 2 percent target range. Why? Inflation and rising prices are usually a sign of economic … Continue reading

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