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There is much that is confusing about the job numbers in the latest Employment Situation. By conventional standards, as is often the case, official unemployment was on the low side–just 4.2%. And from a separate report, we learn that initial applications for unemployment benefits have recently been on the low side although not by much.
However, the official une...
What could be wrong with imposing a one-time 5% tax on billionaires’ wealth to pay for health insurance for low-income Californians? The opponents of California Proposition 40 found plenty to criticize. But before we turn to what’s wrong with their objections, let’s get a few things straight.
Today's ever-worsening inequality has reached levels not seen in the U.S. econ...
Here's a question progressives get asked constantly: Fine, you want universal childcare, Medicare for All, and a green economy—but how are you going to pay for it? As part of the Game Changers project described in a
Using its favored policy in the face of inflation, the Federal Reserve Board, under its new Chairman, Kevin Warsh, pushed up short-term interest rates in September. This action may have some impact on the rate of inflation, but probably not much. Raising interest rates may curtail inflation under some circumstances, but the major factors bringing about the current, continuing...
Chris Sturr, co-editor of Dollars & Sense, interviewed Yeva Nersisyan and L. Randall (aka Randy) Wray, about their cover story for the September/October 2026 issue, The Plutonomy—AI Edition—and the Coming Crisis. The interview ...