Francis Townsend had a similar if less ambitious idea in the 1930s that never got through Congress but ended up making Social Security a lot more generous.
South Africa’s economic reforms of the 1990s were overdone, destroying some industries and thus impacting economic growth and job creation. A re-balancing of industrial policy is called for.
The Fed is in a tricky position as it signals it may soon cut interest rates to boost the economy, which also risks spurring runaway inflation and even an economic downturn.
Trees clean urban air, store carbon, slow floodwaters and can be used to design safer streets. Scholars are starting to calculate what these services are worth – a fitting topic for Arbor Day.
Stephen J. Silvia, American University School of International Service
A quarter-century ago, more than 100 nations agreed to engage in freer trade with one another and signed the declaration that established the World Trade Organization.
It’s been a decade since the worst financial crisis since the Great Depression, and blacks still haven’t fully recovered financially, leaving them unprepared if another recession hits.
Stephen J. Silvia, American University School of International Service
Trump has often talked about leaving the World Trade Organization. An economist explains what it is and what would happen if the president had his way.
On April 5, 1933, President Franklin Roosevelt created the Civilian Conservation Corps, a massive relief program that paid young men to plant trees and build parks across the nation. It was money well spent.
The American middle class has been on a rocky ride during the 20th century, surging after World War II but falling since the 1980s. The Republican tax plan may be its death knell.
Thousands of American women moved west to take advantage of wartime employment opportunities during WWII. For some, this version of the California dream was temporary; for others, it lasted a lifetime.
The World Bank has changed direction. It won’t be giving up on public funding, but it will increasingly be trying to attract private investors to developing countries.
Cutting back or cutting out social safety net programs, as the Senate and House health care proposals would do, is rare. Here’s a look at how such actions have fared.
Instead, we need to burn the entire system of financial regulation to the ground and replace it with something that supports investing the way it’s done today.