Tag: inflation
Rapid GDP Growth: Does Trump Deserve the Credit?
Trump and his supporters argue that the 2017 corporate tax rate cuts are spurring economic growth. Is there any truth to this? We discuss the real effects of the tax cuts with economics prof. Gerald…
Neoliberal Policies Are Tanking the Argentine Economy
Even with the IMF’s largest loan ever, Argentina cannot seem to avoid rising unemployment, high inflation, and recession. CEPR’s Mark Weisbrot explains that this is because they are following the usual failed neoliberal recipe Subscribe…
Modern Monetary Theory – A Debate: Randall Wray (Pt 1/4)
Randall Wray, one of the founders of the economic theory known as Modern Monetary Theory (MMT) lays out some of its main arguments. Paul Jay hosts Watch full series https://therealnews.com/series/modern-monetary-theory-a-debate-between-randall-wray-and-gerald-epstein Subscribe to our page and…
Modern Monetary Theory – A Debate: Gerald Epstein (Pt 2/4)
Gerald Epstein outlines his criticisms of Modern Monetary Theory (MMT). Paul Jay hosts Watch full series https://therealnews.com/series/modern-monetary-theory-a-debate-between-randall-wray-and-gerald-epstein Subscribe to our page and support our work at https://therealnews.com/donate. ** (Disclaimer: This video content is intended for…
Modern Monetary Theory – A Debate: Gerald Epstein Responds (Pt 4/4)
Gerald Epstein responds to Randall Wray’s defense of MMT. Paul Jay hosts Watch full series https://therealnews.com/series/modern-monetary-theory-a-debate-between-randall-wray-and-gerald-epstein Subscribe to our page and support our work at https://therealnews.com/donate. ** (Disclaimer: This video content is intended for educational…
Modern Monetary Theory – A Debate: Randall Wray Responds (Pt 3/4)
Randall Wray rebuts Gerald Epstein’s criticisms of Modern monetary Theory. Paul Jay hosts Watch full series https://therealnews.com/series/modern-monetary-theory-a-debate-between-randall-wray-and-gerald-epstein Subscribe to our page and support our work at https://therealnews.com/donate. ** (Disclaimer: This video content is intended for…
Central Bank Independence Is a Myth. They Need to Be Democratized.
Gerald Epstein discusses his new book, a collection of essays on how central banking is shaped, how it shapes the economy, and how it can be made more responsive to people’s needs. Subscribe to our…
High costs still making consumers angry and dissatisfied
People across the country remain “deeply dissatisfied” with the state of the economy even as the rate of inflation declines. Amara Omeokwe, an economics reporter with The Wall Street Journal, shares her latest reporting on…
Inflation panic is the new deficit hawkery
“After years of hypocrisy and bungled forecasts of doom, the budget deficit no longer provokes panic,” economist Max Sawicky recently wrote in In These Times. “The elites need a new bogeyman, otherwise Congress might actually…
President Biden announces plan to increase American manufacturing jobs
During President Biden’s remarks today on the September jobs market, he took questions on why sentiments among Americans about the economy may not reflect what the strength this month’s data yields. Biden also announced more…
Exploited Turkish workers hit the streets on May Day
Working people in Turkey are engulfed in a deep economic crisis. Facing an inflation squeeze and huge price hikes, the conditions and rights of workers in Turkey are deteriorating day by day. On May 1,…
PPI up slightly higher than expected, likely due to rising energy costs
The Producer Price Index, measuring how much wholesale goods cost, rose half a percentage point in September, slightly higher than the 0.3% some experts expected. More than 40% of the increase can be attributed to…
What the latest economic indicators say about inflation
The Consumer Price Index rose 0.4% last month with energy and housing prices contributing to the increase. Greg Robb, a senior economic reporter for MarketWatch, joined CBS News to break down the numbers. #news #economy…
Inflation, Europe’s energy crisis, and the Fed with Richard Wolff | The Chris Hedges Report
Read the transcript of this interview: https://therealnews.com/richard-wolff-the-feds-response-to-inflation-is-another-upward-transfer-of-wealth The Federal Reserve has responded to runaway inflation by hiking up interest rates at the same time that Americans are drowning in historic levels of personal debt. With…
Could a housing market recession be looming?
The lack of housing supply in the United States is related to the ongoing spikes in interest rates. Mark Hamrick, a senior economic analyst for Bankrate, joins CBS News to explain the mortgage “lock-in effect,”…
Social Security benefits to rise 3.2% in 2024 after 8.7% hike for 2023
The Social Security Administration said its 2024 cost-of-living adjustment will be 3.2%, a much smaller bump than the 8.7% increase seniors and other beneficiaries received this year. Mark Miller, a contributor to The New York…
Oil prices surge amid war between Israel and Hamas
Oil prices rose 5% Friday amid the war between Israel and Hamas. J.D. Durkin, host of “The Street,” joins CBS News to discuss what the spike means for U.S. investors. #news #oil #israel CBS News…
Mortgages rates continue to go up as home prices remain high
The climbing interest rates may be keeping prospective home buyers from moving from places they may not necessarily want to live in. Felix Salmon, chief financial correspondent for Axios, joins CBS News with more. #news…
Greece now has the highest energy costs in the EU. These workers are fighting back.
Read the transcript of this video: https://therealnews.com/greek-workers-resist-soaring-energy-prices-from-eu-imposed-privatization-and-ukraine-war Thousands of Greek workers have mobilized against runaway energy and fuel prices in recent weeks. Although spiking fuel and energy prices are now a global phenomenon tied to…
Inside the UK’s first Amazon strike
Amazon’s business, and Jeff Bezos’s wealth, expanded at a dizzying pace over the course of the COVID-19 pandemic; meanwhile, Amazon workers continue to burn out from the relentless pace of work and are struggling to…
