A Rising Tide Lifts All Yachts

A Rising Tide Lifts All Yachts

Surprise, surprise… Over the past three decades almost all the gains from economic growth in the United States went to the wealthiest in society. The Congressional Budget Office recently released a report that looked at the trends in family wealth distribution...
The New Federal Reserve as Garbage Can for All Capitalist Debt

The New Federal Reserve as Garbage Can for All Capitalist Debt

This article is reprinted from Counterpunch: The New Federal Reserve as Garbage Can for All Capitalist Debt Yesterday, the Federal Reserve crossed its latest liquidity free money Rubicon. It announced it will provide unlimited credit–and assume the bad debts, not just...
Student Debt: You Are Not a Loan

Student Debt: You Are Not a Loan

From early on, we are taught that education is a ticket to a better future. But the reality for many of us is much different than the promise. The costs of college are going through the roof, making it unaffordable to many young workers, and leaving many graduates...