Tag Archives: The Fed

Saving American Cities

Saving American Cities
So we've talked about before about what the Fed could do in terms of trying to force banks to invest more in the economy. They've been shoveling money to the big banks to keep them liquid. Of course, it's done far more than just keep them liquid. They've used all this money and they've been making a killing, a killing, record profits. But the question is: why aren't they doing more for the basic economy? And one would think one could start ... Read more

A General Without an Army

A General Without an Army
The irony is that for all Piketty’s reasonableness and respectableness, it is only the radical left and the labor movement that will push his program, if anyone is going to. However much his book has changed the conversation on inequality within economics and in the media — and it is really too soon to tell whether this is game-changer or flash-in-the-pan — his technocratic solutions are never going to come from the treasuries and central ... Read more