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Great Depression

Martin Luther King Worried About Economic Injustice

Harlan Green | Posted 10.29.2013 | Business
Harlan Green

Martin Luther King said the basis of disparities between the races had as much to do with income inequality as outright racism in his book, Why We Can...

The Federal Government Didn't Lose the War on Poverty -- It Retreated

Anthony W. Orlando | Posted 10.25.2013 | Politics
Anthony W. Orlando

This historical amnesia is a dangerous mistake. It poisons our hearts with pessimism. It blinds us to the lessons and solutions we need. Most New Yorkers have no idea how prevalent poverty used to be -- or how their predecessors made it go away.

Aaron Sorkin, George Clooney, Al Jazeera America and the Future of News

Brent Budowsky | Posted 10.23.2013 | Media
Brent Budowsky

To continue the discussion about the future of news from my recent column "Citizen Bezos": Al Jazeera America is now on air with promises to offer in-...

Why We Knew So Much More Than Our Grandchildren

Richard Abrons | Posted 09.05.2013 | Fifty
Richard Abrons

It seems to me that my contemporaries and I knew so much more when we were growing up than do my grandchildren and their friends. I mean general knowledge -- history, politics, the complicaations of life.

New Deal Denier Amity Shlaes: "1920s Income Inequality Didn't Hurt Middle-Class"

Ian Reifowitz | Posted 06.03.2013 | Politics
Ian Reifowitz

Having ten years to fully implement their vision, these Republicans did great for middle-class Americans, right? Again, only if we pretend that history ended in October 1929.

How My Cancer Diagnosis Changed Me Forever

Babette Hughes | Posted 08.03.2013 | Fifty
Babette Hughes

No one knows exactly if your cancer will kill you sooner, or later, or not at all. There is the often broken five-year test of time, there are statistics and prognoses and studies, there are oncologists, radiologists, surgeons, and social workers; there are articles in the New York Times and the New England Journal of Medicine that often contradict each other.

A 'Greater' Recession, if Fed QE Ends Too Soon

Harlan Green | Posted 07.30.2013 | Business
Harlan Green

The stock and bond markets are sinking because of Fed Chairman Bernanke's seemingly offhand remark that the Fed could slow down its QE purchases of se...

Happy Birthday Dorothea Lange!

Posted 05.26.2013 | Arts

In honor of Dorothea Lange's birthday, we are revisiting a post originally published last year honoring the late artist's life and work. Dorothea L...

The Ongoing Crisis Demands Jobs, Not Deficit Reduction

David Woolner | Posted 07.16.2013 | Business
David Woolner

Unlike today's politicians, however, FDR refused to pander to the sky-is-falling rhetoric of the conservative right on the disastrous consequences that would accrue to the country by running a deficit in the midst of an economic crisis.

GOP Forcibly Making Working Families Flexible

Leo W. Gerard | Posted 07.06.2013 | Politics
Leo W. Gerard

The GOP forced flexibility act is part of a list of proposals House Majority Leader Eric Cantor (R-Va.) calls "Making Life Work." That's right, Republicans intend to make life nothing but work. No eight hours for sleep. No eight hours for anything you will. Just work, Gumby, just work.

The Jobs Crisis: It May Not Be "Breaking News," But It's Definitely "Broken News"

Arianna Huffington | Posted 06.16.2013 | Media
Arianna Huffington

BREAKING! This just in: the economy is terrible and the country is suffering its worst jobs crisis since the Depression... developing... Of course, this isn't actually breaking news, it's aching news -- and before the tragic bombings in Boston, the most important story going on. But you wouldn't have known that if you'd been listening to the media, where the economy and the long-term jobs disaster that's been enveloping the country for five years goes virtually unmentioned. Only 88,000 new jobs were produced last month. And for the long-term unemployed, the situation is verging on hopeless. It's hard to imagine our jobs disaster will get the attention -- and the solutions -- it deserves if our media doesn't think it's a story worth telling. Perhaps we need to come up with an alternate term to the breathless "BREAKING" tag. How about "BROKEN"?

Thomas Friedman on Timeouts

Robert Teitelman | Posted 06.10.2013 | Media
Robert Teitelman

Friedman has stumbled upon a nifty cliché, perhaps while watching March Madness, and then tried to fit the world and his own favorite causes around it. To make it work he has to distort the past and exaggerate the present, like a petulant parent.

David Stockman's Crony Capitalism

Harlan Green | Posted 06.09.2013 | Business
Harlan Green

David Stockman's New York Times 'rant' glorifies the gold standard and denigrates government for standing in the way of putting "free markets and genuine wealth creation back into capitalism." In fact, Stockman would return us to an earlier era of crony capitalism.

Where There's a Will, There's a WPA: Stopping the Slow-Motion Jobs Disaster

Richard Kirsch | Posted 06.08.2013 | Business
Richard Kirsch

We need to champion our vision of an economy driven by working families and the middle class. We need to show how we can rebuild the middle class by deciding together to provide "good jobs for everyone in America."

Learning From the Past; Teach Your Children Well

Linda Novick O'Keefe | Posted 06.02.2013 | Impact
Linda Novick O'Keefe

There are many lessons to be learned in moments from our pasts. Teach your children well and remember that food can be your tool.

Iraq, the GOP and the Lesson of 1933

Steven Conn | Posted 05.28.2013 | Politics
Steven Conn

The take-over of the GOP by dangerous extremists has taken place in plain sight and has been abetted by a public discourse which rarely calls this extremism what it is. Instead, we keeps insisting that there must be two, equal sides to every question.

Our National Optimism Deficit

Lt. Gen. Clarence E. McKnight Jr. | Posted 05.14.2013 | Politics
Lt. Gen. Clarence E. McKnight Jr.

Everywhere I look I encounter yet more doom and gloom among people who should be out there inspiring us to greater things. I perceive a general angst that we are adrift, that our ship of state has struck a reef and is foundering in a turbulent sea.

The Sequester Dilemma--How Much Is Too Much Austerity?

Harlan Green | Posted 04.24.2013 | Business
Harlan Green

Come March 1, we will begin to see how much damage the sequester agreement causes. A recent CNBC column by Larry Kudlow illustrates both the misconceptions and reason for the gridlock on avoiding across-the-board spending cuts of some $85 Billion to the federal budget.

State of the Union -- Why So Few New Jobs?

Harlan Green | Posted 04.17.2013 | Business
Harlan Green

The problem is how to create enough new jobs to generate more demand for goods and services. And only government is in a position to do that at present. Nothing else will generate the growth we need.

The Bad GDP Report Is a Warning Not to Create Another Roosevelt Recession

David Woolner | Posted 04.03.2013 | Business
David Woolner

President Obama might do well to study what happened to FDR in 1937. At the very least he should not give up on his demand that Congress provide a modest level of support for further federal spending on behalf of state and local governments.

Don't Ask: "Is It Different This Time?"

Dan Solin | Posted 03.24.2013 | Business
Dan Solin

The most common question I get from readers of my books is: "I want to implement your index portfolios, but I have to consider the uncertainty in the financial world. When is the best time to invest?"

Is Paul Krugman's Liquidity Trap Really an Inequality Trap?

Mary Manning Cleveland | Posted 03.18.2013 | Business
Mary Manning Cleveland

Krugman cares deeply about unemployment and inequality, as did John Maynard Keynes before him. Yet like Keynes, Krugman seems caught in the inequality-free neoclassical paradigm.

LOOK: An Actual $100,000 Bill

The Huffington Post | Harry Bradford | Posted 01.11.2013 | Business

It's not always about the Benjamins, baby. When it comes to cash, many of us believe the $100 bill, graced with Ben Franklin's face, is king. Not s...

Why Does Medieval Economic Thought Still Prevail?

Harlan Green | Posted 03.10.2013 | Business
Harlan Green

Enshrining self-interest as the sole generator of wealth has enabled the wealthiest to keep 'their' wealth, via the divine protection of an 'invisible hand.'

Adopting a Policy of "Peace through (Economic) Strength"

Edward Headington | Posted 02.27.2013 | Los Angeles
Edward Headington

We cannot tax cut our way to prosperity any more than we can tax and spend our way into fiscal nirvana. It requires a balanced approach of sensible spending cuts, substantive entitlement reforms and negotiated tax increases.