Category: Political Economy

Underwater America

By Peter Dreier If underwater mortgages were reset to fair-market values of homes, it would help homeowners and communities alike, and pump billions of dollars into the economy each year. It would also save taxpayers huge...

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The Shutdown Game

The government shutdown battle is more like a Civil War re-enactment than the real thing. A face-saving bargain will soon be struck, returning 825,000 furloughed federal employees to their jobs at wages that have been frozen for...

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Austerity USA

Editors’ note: In Europe, austerity takes an overt form. The European Union, European Central Bank and the International Monetary Fund impose austerity on Greece and other weaker European economies. In the US, austerity...

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