We mused over the likely QE exit scenarios a couple of days ago, arguing that there is one, relatively obscure monetary policy tool that the Fed could use to contain […]

Now, the federal government employs exactly 2 percent of the people with jobs in this country. In 1966, the figure was more than twice that, 4.3 percent. via US public […]

Data from the CBO imply that an increase of just 0.2 percent in annual growth would entirely eliminate the projected long-term budget gap. via Larry Summers: We need to focus […]

The implications are huge: Shunning debt and spending less can be good for one family’s finances. When hundreds of millions do it together, it can starve the global economy. via […]

The country has just completed one “lost decade”, measured on growth per person, he says, and is about to enter a second. via Masters of Doom?.

We had the shallowest recession and the best recovery primarily because we (a) control our own currency and (b) used aggressive monetary policy to save the banks and lower interest […]

Wages as a percent of the economy just hit another all-time low. Why are corporate profits so high? One reason is that companies are paying employees less than they ever […]