While Angela Merkel is ranked the most powerful woman in the world, Janet Yellen has come forward as the most important voice, suggesting that wage deflation dampens economic recovery.
Last week, the Federal Reserve announced a plan to buy an additional $600 billion worth of Treasury bonds in an attempt to stimulate the economy...
Want to make money quickly, but don't want ethics to get in the way? Big banks are outsourcing their foreclosure duties to fraudulent law firms, known as foreclosure mills, and getting away with it.
In the fall of 2008, decades of finance-first, bankers-know-best economic policies coalesced to create one of the worst economic crises in history.
Next week, the debate over financial reform will begin in earnest when Congress returns from its Easter break.
Two key lawmakers on the House Financial Services Committee, Reps. Alan Grayson (D-FL) and Ron Paul (R-TX), are pushing to authorize a full, comprehensive audit of the Federal Reserve.
Unemployment figures in the U.S. are staggering: The official rate stands at 10.2 %, the highest in 26 years.
What economics has to offer is rich and varied. What has to be avoided is what did in the American profession, and is always a threat to any academic pursuits: conformity to prevailing norms.
TMC MediaWire Blogger
After Ben Bernanke allowed an $8 trillion housing bubble to ravage the global economy and nearly destroy the U.S. financial system, President Barack Obama has decided he deserves another term.
The Media Consortium
If we want our economy to answer to us, we have to do something about it. Income inequality and unaccountable regulators were a major part of the financial collapse.