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Left Hook

What’s Different About Today’s Government Deficit and Debt?

As of today, the U.S. government’s current deficit and debt are indeed currently at unprecedented levels for peacetime—once we account for them appropriately.

Robert Pollin Jul 1, 2025

Left Hook

No Tax on Tips

Even the stand-alone No Tax on Tips Act would do far too little to better the lot of low-income workers, even tipped workers.

John Miller Jun 27, 2025

Left Hook

The Stealthy Strategy to Strangle Medicaid

Republicans want to make it even harder for low-income people to get health care.

Nancy Folbre Jun 25, 2025

Issue 282

Green Stimulus = More Jobs

By Heidi Garrett-Peltier

Improving energy efficiency doesn’t just save money and cut pollution—it can also create jobs. Read more »
Tax Havens and the Financial Crisis

By Rachel Keeler

The G20 leaders concluded that “The era of banking secrecy is over.” But will leaders from countries made rich from offshore banking follow through to shut it down? Read more »
Corporate America’s
Counter-Stimulus Strategy

By Roger Bybee

Why is steel magnate Lakshmi Mittal trying to close down two U.S. steel plants, and what does he have in common with Marie Antoinette? Read more »
Pushing on Strings

By Gerald Friedman

The explosion of U.S. banks’ excess reserves since last fall illustrates the dramatic failure of monetary policy. Read more »

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features

From Phantom Wealth
to Real Wealth

By David C. Korten

Excerpts from Agenda for a New Economy. | Order this issue or subscribe.

the regulars

the short run Anti-Democracy Truck | Shopping on the Rocks
ampersand Juggling Monster

See the whole ‘toon
two cents Letter on Housing Stimulus
retrospective1983: Is Steel Dying?
making senseKeynes and Fiscal Policy
up against the wall street journalCato’s Depression Revisionism