MMT is billed by its advocates as a radical new way to understand money and debt. But it’ll take more than a few keystrokes to change the economy.
Doug Henwood edits Left Business Observer and is the host of Behind the News. His latest book is My Turn.
Despite a string of encouraging strikes and labor victories, the latest numbers show that union density fell to a new low last year.
Getting banks under control is a matter of politics, not individual consumer decisions.
Stories about a new age of precarity are overblown. Workers have had to deal with economic insecurity since the dawn of capitalism.
Precarity isn’t the main problem with the US labor market. It’s that wages are low, benefits are eroding, and work is often dull and sometimes dangerous.
Strikes are labor's most powerful weapon. But last year they fell to nearly an all-time low.
The stock market's panicked reaction to signs of wage growth shows just how weak the economy is — and how much it caters to the wealthy.
Wages are finally rising. But it's only bosses who are getting the pay hikes.
A Jacobin roundtable on Trump's first year in office.
And we're all better off because of it.
Still don't understand Bitcoin? We've got you covered.
American corporations are rolling in enormous profits. But they still aren't investing.
The reason our schools and bridges are decaying is clear: we're spending next to nothing.
The US economy is creating a historically low level of jobs. But robots aren't the culprit.
The closer you examine Donald Trump's approval ratings, the more abysmal they look.
The Democrats' central weakness comes from being a party of business but having to pretend otherwise.
The making of the modern Republican Party.
The Democratic Party establishment has given up on the policies that would attract disaffected workers.
The latest attacks on Bernie Sanders reveal that the Democratic Party is intent on driving down expectations.