All Articles on Federal Reserve

China thinks this is a better banking model than the private Western system focused on short-term profits for private shareholders. (Photo: Thomas Peter-Pool/Getty Images) Views
Neoliberalism Has Met Its Match in China
The Chinese have proven the effectiveness of their public banking system in supporting their industries and their workers. Rather than seeing it as an existential threat, we could thank them for test-driving the model and take a spin in it ourselves.
Read more
This independence—except from the big banks—is by design, when the Fed was devised by President Woodrow Wilson over one hundred years ago. (Photo: Tim Evanson/flickr/cc) Views
Trump’s Effective Intimidation of the Powerful Federal Reserve
The Fed entrenches the power of the banks without accountability inside Washington.
Read more
Moves like a wealth tax, the authors stress, will only succeed if we also take on the challenge of stopping the super rich from shifting assets offshore to evade their U.S. tax liability. (Image: Offshore Shell Games) Views
How The Super-Rich Avoid Paying Their Share
Offshore tax havens are enabling our world’s richest 0.01 percent to evade 25 percent of the income taxes they ought to be paying
Read more
The Art of the New Deal. (Photo: David McNew/Getty Images) Views
Democratic Socialism: 'There Is No Alternative'
If our "capitalist" economy depends on constant discretionary interventions by policy-makers, we might as well determine those interventions through democratic debate—and aim them at advancing the best interests of the 99 percent
Read more
He certainly appears to be “an idiot” because his predictions and his ex post analyses are so reliably ridiculous and wrong. (Photo: CBN) Views
Stephen Moore? Really?
Stephen Moore is not an economist or an “analyst.” He is only interested in helping his super-rich benefactors get richer.
Read more
Stephen Moore News
'Like Nominating Dr. Phil to Run CDC': Alarm Bells as Trump Nominates Right-Wing Sycophant Stephen Moore to Federal Reserve
Concerned economic and political commentators decried Moore as "a famous idiot" who "has proved deeply impervious to facts."
Read more
News
With Help of Democrats, Regulators Move to Gut 'Last Line of Defense' Against Wall Street Gambling
"We can expect Too Big to Fail banks to get riskier and have less of a cushion to guard taxpayers from bailouts," said Rep. Katie Porter
Read more
News
American Net Worth Fell a Record $4 Trillion at End of 2018
It was " the single largest quarterly dollar drop on record."
Read more
The bottom 90% are the lucky owners of about three-quarters of the country’s household debt. (Photo: Getty) Views
Survival of the Richest
Building a great wall of wealth.
Read more
The Fed is realizing that it cannot bring its balance sheet back to “normal.” (Photo: LeoLondon / CC BY-NC-ND 2.0) Views
The Fed's Dramatic About-Face
The central bank needs to be made a public utility, responsive to the needs of the people and the economy
Read more

Pages