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In August 2011, Congress passed a strange piece of legislation intended to bind itself into the future. In spite of persistently high unemployment and an unremarkable deficit-to-GDP ratio, and in spite of public polling that consistently showed that creating jobs was  the American public’s top

Research
Adam Lioz
Seton Hall Law Review
We need a new, positive definition of public goods to counter the current market-myopic economics definition that relegates pubic goods to market failure
Blog
June Sekera
If a bad job market wasn’t damaging enough, the cost of paying off student loans does much more harm to the long-term prospects of young people than is commonly realized.
In the media
Yves Smith
Image
Black veteran with children
Black veterans weren't able to make use of the housing provisions of the GI Bill because banks generally wouldn't make loans for mortgages in Black neighborhoods, and African-Americans were excluded from the suburbs by a combination of deed covenants and informal racism.
Blog
David Callahan
The events of yesterday nicely summed up American economic life: a tiny sliver of people, mostly tech and finance insiders, got fabulously wealthy from Twitter's IPO while 64 people were arrested protesting the poverty wages paid by the largest U.S. employer, Walmart.
Blog
David Callahan
Since Citizens United unleashed a flood of corporate money into federal election campaigns, the public has been justifiably outraged at the ability of large economic institutions to wield undue political power.
Blog
Adam Lioz
Here's a question for every reader of this post who lives in a major metro area and has at least a college degree: How many people do you know who make under $40,000 a year? Exclude that artist friend who's husband is in finance. And eliminate younger people still paying their dues. I'm talking
Blog
David Callahan
Who could have imagined, say ten years ago, that gay rights would one day be an issue that progressives could embrace to their political advantage, dividing the conservative world? For decades, of course, hot button social issues were used in the exact opposite way: to divide the Democratic
Blog
David Callahan
The story of this past election, and really the past several elections, is one of how much money floods our electoral system. The 2012, post- Citizen’s United election was the most expensive election in history and even though 2013 was an off-year election cycle, there was no shortage of spending.
Blog
J. Mijin Cha
The third quarter GDP numbers were released this morning, which show a GDP increase of 2.8 percent, an increase from the 2.5 percent reported for the second quarter. Among other factors, increases in personal consumption and state and local government spending helped contribute to the increase in
Blog
J. Mijin Cha