This story is part of a Prospect series called The Great Inflation Myths, which takes on the dominant orthodoxies mainstream economists and the Federal Reserve…

The specter of inflation is haunting the world’s economies. Surging prices since 2020, especially in food and energy, have eroded global living…

When I discuss a public bank, I generally mean a financial institution that has public support, has a social or public goal, and is not driven mainly by a profit motive

The global economy experienced a massive contraction in 2020, with the overall global GDP falling by 4.3 percent. Compare that with the 2008 global financial crisis, which triggered a 1.8 drop in global output in 2009

The coronavirus pandemic has sparked a new crisis in the nation’s public education system as a result of having created huge holes in school budgets, especially in high-poverty areas

For the first time in decades, we have a set of policies that provide a basis for discussion, and progressives running for election and moving legislation, that could, if implemented, make a big difference

A Distraction to Benefit the Rich

Interview on several myths and misconceptions about the developments that Trump has tried to frame as an “economic miracle”

As long as we have capitalism, we are going to have financial crises

Effectively, this “executive order” served-up a wish list that would have been compiled by any real estate mogul who doesn’t want any government agency or public group to come between him, his building, and his bottom line. In the name of building more useful infrastructure executive order is designed to let developers skirt environmental regulations, and most likely, labor, health, and safety regulations as well. The Executive Order will make it a lot easier to build more Trump towers in flood plains, but do little or nothing for the country’s true infrastructure needs.