Bankruptcy filings are nearing the record 2 million of 2005, when a new law took effect that was aimed at curbing abuse of the system. Filings could reach 1.7 million ...
The big news of the day is the president's apparent embrace of Paul Volcker's proposal to "restore Glass-Steagall," which is short-hand for confining commercial banks to traditional commercial b
Last week I gave a talk at the Levy Institute 19s 19th annual Hyman P. Minsky Conference, held at the Ford Foundation. The occasion forced me to clarify my thoughts ...
It's been a tough year for the richest people in the world. Last year there were 1,125 billionaires. This year there are just 793 people rich enough to make our ...
The chief economist for the International Monetary Fund, Olivier Blanchard, recently argued that Western economies should accept inflation rates of up to 4 percent. State meddling in the economy may ...
He is not being realistic. There is almost certainly not going to be another stimulus program of any magnitude as long as the recovery, anemic though it seems to be, ...
After working for several years in Washington during the Kennedy and Johnson Administrations—including as law clerk to Justice William J. Brennan, Jr.., as an assistant to the Solicitor General of ...
Federal Reserve Chairman Ben S. Bernanke said low central bank interest rates didn’t cause the housing bubble of the past decade and that better regulation would have been more effective ...
A growing number of homeowners are considering a strategic default, walking away from their mortgages not out of necessity but because they believe it is in their best financial interests.
