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"?
We're now witnessing what happens when all of the economic gains go to the top, and the rest of the population doesn't have enough purchasing power to keep the economy going.
The shift to delayed adulthood has been going on for three generations, yet recent stories in the media would have you believe this is just a recent phenomenon.
There are three words I've gotten used to hearing in the past few years. They are simple and terrifying and weighted, but I've heard many friends utter them again and again--I'm moving home.
A majority of both parties supported the JOBS Act and leaders in both parties claim credit for the accomplishment. You would think they would want to implement the Act as soon as possible, but except for a few members in either chamber, the Congress is oblivious too.
The cultural hegemony of the moneyed classes enables them to use the mass media and elite institutions as a transmission belt for these economic ideas.
The Long Depression isn't hitting us all at once. It's taking pieces out of us over the course of years. That's allowed people to define previously unacceptable economic conditions as "The New Normal."
Why are liberals falling down the rabbit hole? Oh woe is me, bemoan liberals far and wide across this country. The president is not doing this or that...
What can we learn from Europe's misery? For our political leaders the answer seems to be: nothing. In fact, Washington seems determined to follow in Europe's footsteps.
If our economic model is working for a decreasing share of the population over time, democratic pressures will ultimately demand not just changes to the system of measurement, but to the system itself.
Even if you're struggling to overcome a major financial crisis at the moment, remember that your transition to recovery can eventually lead to a more sustainable, financially secure future.
It is very harmful to the nation that MSNBC has led people to believe that there is only one, presumably hopelessly weird, economist in the world who opposes austerity as a response to the Great Recession.
As a healthy counter to the creepy insular jingoism of CPAC, I offer here fresh view of the world from the liberal perspective. Here is my liberal manifesto.
Take, for example, the Fed's willingness to purchase toxic real estate assets -- using your money to acquire securities which are now shunned by the market. Or take the Bank of England's efforts to shove easy money at banks making corporate loans. What happened to good old-fashioned faith in markets?
We all know that times are hard. But we also know that even before the Great Recession, the number of people who had no residence was high. So why do so many people in the United States have no homes? And what can we do about it?
If ever there was a time to come together and remind ourselves that Peace Through (Economic) Strength is a virtue still embraced, it is now.