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American Economy

The Archeology of Decline

Steve Fraser | Posted 02.02.2013 | Politics
Steve Fraser

"Debtpocalypse" didn't just appear in time for the last election season or the lame-duck session of Congress to follow. It is merely the latest installment in a tragic, 40-year-old story of the dispossession of American working people.

The Gift of a Sustainable Economy

Ralph Nader | Posted 01.30.2013 | Business
Ralph Nader

The holidays, once considered a sacred time for family and celebration, have been hijacked by big companies sending out a message to the American people, playing on an endless loop: "Buy, buy, buy!"

Protecting the American Dream Should Be the President's Top Priority

Nitin Nohria | Posted 01.23.2014 | Politics
Nitin Nohria

Many people equate the American Dream with the attainment of a set of possessions -- a car and a home or a rising standard of living. Those are certainly desirable, but the more important element differentiating the U.S. economy from most others is social mobility.

Pander Bears

Robert Kuttner | Posted 12.21.2012 | Politics
Robert Kuttner

We have plenty of debate on whose budget numbers are fishy (Romney's) and on whether to bring about deficit reduction by slashing social spending to pay for even more tax cuts (Romney) or whether to have a mix or budget cuts and tax increases on the wealthy (Obama.) Of the two positions, Obama's is both the more sensible and intellectually honest. But the Democrats are mistaken when they argue that the deficit needs to be cut any time soon. With the economy weak, we certainly don't need $2 trillion in spending cuts as Obama proposes; if anything, we need more stimulus spending.

Not Without My American Car

Hani Almadhoun | Posted 11.28.2012 | Detroit
Hani Almadhoun

We cannot always look for what's best for ourselves, like better car mileage, and ignore the ghost towns around the county. When I finally passed my driving test, it was important to me to have an American-made car.

Does America Need to Consider a Creditor's Agreement to Stop the National Debt Growing Further?

Peter Morgan | Posted 11.25.2012 | Business
Peter Morgan

Suggestions have been made about how to deal with the excessive level of debt. Perhaps it is time to question whether the best policy would be to attempt to manage the debt more effectively to alleviate the pressure it puts on the economy.

Shark Sightings from Cape Cod to Wall Street

Nancy Rubin Stuart | Posted 10.07.2012 | Business
Nancy Rubin Stuart

A new generation of finance shark pups have been growing in the muddy waters of big business since the 1980s.

America Stuck on the Couch

Zack Exley | Posted 08.25.2012 | Politics
Zack Exley

America is stuck on the couch, remote in one hand, bowl of ice cream or beer in the other. I'm not talking about the American people themselves being on their couches. It's our whole economy and society that's stuck on the couch, metaphorically.

Lee Speigel

Alien Invasion Won't Save U.S. Economy, Despite What Paul Krugman Says

HuffingtonPost.com | Lee Speigel | Posted 06.21.2012 | Weird News

Nobel laureate economist Paul Krugman repeated his assertion this week that the United States could benefit economically if the government began pouri...

The Fed Isn't Helping

The Student Review | Posted 07.03.2012 | College
The Student Review

If the Federal Reserve Bank was established to prevent or weaken financial crises, then it is failing. The U.S. is a vastly more powerful and rich nation than it was before the Bank was established, but it's still susceptible to large fluctuations during crises.

Thoughts on Tax Day 2012

Robert Reich | Posted 06.17.2012 | Politics
Robert Reich

As Justice Oliver Wendell Holmes, Jr., wrote in 1904, "taxes are the price we pay for a civilized society." But the wealthiest Americans, who haven't raked in as much of America's income and wealth since the 1920s, are today paying a lower tax rate than they have in over 30 years.

Why Some Obamaites have Lost Faith... and Why They Shouldn't

Larry Hirsch | Posted 04.16.2012 | Politics
Larry Hirsch

President Obama may not have provided the exact change you wanted, but where would our country be without his accomplishments? Millions of Americans would be without health care, the unemployment rate would likely still be in double digits and we'd likely still be fighting in Iraq.

America's Economic Gulag

James Forr | Posted 05.09.2012 | Home
James Forr

These feelings of unjust restriction have fundamentally altered how our participants see their country. If America no longer stands for freedom, as it has since the time of the Founding Fathers, then what does it stand for?

The Great Unraveling: Municipal Bankruptcies?

Richard Brodsky | Posted 04.30.2012 | Politics
Richard Brodsky

For the first time, local elected officials are talking about default or delay on loan payments, and about bankruptcy as a legitimate way out of their fiscal messes.

The Imperial Way

Noam Chomsky | Posted 04.16.2012 | Politics
Noam Chomsky

Why exactly is Iran regarded as such a colossal threat? The question is rarely discussed, but it is not hard to find a serious answer -- though not, as usual, in the fevered pronouncements.

Mark Gongloff

The Bond Market Is Trying To Tell Us Something

HuffingtonPost.com | Mark Gongloff | Posted 02.07.2012 | Business

For the past few months, the stock market has been behaving like a reveler who's had just a little too much to drink, and the bond market has been beh...

Conservative Candidates and Their Love affair With Austrian Economics

Isabel Otero | Posted 03.10.2012 | Politics
Isabel Otero

Many Republican candidates, Congressman Ron Paul in particular, are out praising the merits of the Austrian School of Economics or quoting from Hayek in an attempt to solidify their small government anti-Keynes stance. I truly wonder if they've done their research...

DYING DREAM: Its Harder For Americans To Rise From Lower Rungs

nytimes.com | Posted 01.05.2012 | Politics

Americans enjoy less economic mobility than their peers in Canada and much of Western Europe. The mobility gap has been widely discussed in academic c...

Stronger Growth Should Cushion U.S. Economy From Severe European Damage

Posted 11.30.2011 | Business

WASHINGTON (Stella Dawson) - A gradual broadening and strengthening of U.S. growth should cushion the American economy against severe damage from ...

Nurturing Our Inner Cheapskate

Lyndall Hobbs | Posted 01.04.2012 | Fifty
Lyndall Hobbs

The American economy, alas, still sucks. Unemployment rates are not going down. The recession, like an unwanted guest, is still lurking, apparently determined to stick around for a while.

Americans Deeply Pessimistic About Economy

Reuters | Posted 09.12.2011 | Business

WASHINGTON (Reuters) - Americans are deeply pessimistic about the future as economic concerns rise and White House talks on raising the U.S. debt ...

Kiva's Microloan System Expands For U.S. Small Business Owners

Premal Shah | Posted 08.30.2011 | Impact
Premal Shah

So who can play a role in helping these businesses? The answer is actually quite simple: the American people.

Will Interest Rates Go Lower?

Don McNay | Posted 08.28.2011 | Business
Don McNay

The common assumption is that interest rates are going to go higher. Just like the common assumption, for many years, that you couldn't lose in the real estate market. Sometimes we have to consider the unconsiderable.

The Stalled Recovery, Smoke and Mirrors and the Carnage on the Street

Robert Reich | Posted 08.11.2011 | Business
Robert Reich

The real economy is catching up with the financial economy, as it always does. Wall Street is built on smoke and mirrors, while the real economy is based on jobs and wages.

The Truth About the American Economy

Robert Reich | Posted 07.31.2011 | Business
Robert Reich

It's vital that we understand the truth about the American economy. How did we go from the Great Depression to 30 years of Great Prosperity? And from there, to 30 years of stagnant incomes and widening inequality, culminating in the Great Recession?