Modern Monetary Theory — governments can just print money to spend as much as they want, since they control the currency — is being touted as the way to pay for the Green New Deal.
Consumer sentiment exceeds expectations, and food stamp use is down in the Trump economy.
N.Y. Governor Cuomo blamed his state’s revenue shortfall of $2.8 billion on Donald Trump during a press conference on Monday.
What Recession? Jobs, Manufacturing, Consumer Sentiment All Up in January
Written by Bob Adelmann
Three reports released on Friday were good news for everyone involved in the U.S. economy, except for forecasters who once again underestimated its strength.
U.S. Treasury Dept. Needs $1 Trillion to Finance the National Debt This Year
Written by Joe Wolverton, II, J.D.
The U.S. Treasury plans to "borrow" $1 trillion to finance the national debt.
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The ADP jobs report issued Wednesday put the lie to the naysayers on Wall Street who continue to predict a slowing economy.
Buzzfeed and Other Media Suffering Financial Woes, Scrambling to Survive
Written by C. Mitchell Shaw
At the same time that many media organizations have hitched their wagons to a rabid anti-Trump narrative, many of them are struggling to survive.
Brookings Says a Quarter of U.S. Jobs To Be Automated Soon
Written by Bob Adelmann
A new Brookings report on increased automation in the workplace should be viewed as a positive for higher standards of living for everyone enjoying the U.S. economy.
Oxfam asserts that governments are under-funding public services and failing to clamp down on tax dodging, supposedly increasing the income gap between rich and poor.
Bankers to Take Massive Haircut in Proposed Puerto Rican Bankruptcy Settlement
Written by Bob Adelmann
Rich Wall Street investors holding Puerto Rican bonds are going to take a big hit in the settlement of that nation’s bankruptcy.
Representative Thomas Massie kicked off the legislative New Year on January 3 with H.R. 24, the Federal Reserve Transparency Act.