After collapsing by 22 million in March and April, 4.8 million workers returned to work in June, according to today’s Employment Situation Report published by the Bureau of Labor Statistics - significantly more than the 3-4 million consensus prediction among surveyed…
The rapid rise in federal debt caused by the need to support an economy devastated by COVID-19 has renewed interest in a school of economic thought called Modern Monetary Theory (MMT). It is easy to understand why: MMT provides an…
It seemed to go without saying, but on Monday June 8th, the Business Cycle Dating Committee of the National Bureau of Economic Research (NBER) made it official: The U.S. economy entered a recession in February 2020. It marked the end…
One silent victim of the coronavirus pandemic is the 2020 congressional legislative agenda. As the virus took hold in the United States, lawmakers in the House and Senate rightly jettisoned their to-do lists to focus exclusively on emergency relief legislation.…