Paige Marta Skiba, Dalié Jiménez, Michelle McKinnon Miller. Pamela Foohey, & Sara Sternberg Greene | May 13, 2020 As more Americans lose all or part of their incomes and struggle with mounting debts, another crisis looms: a wave of personal bankruptcies. Bankruptcy can discharge or erase many types of debts and stop foreclosures, repossessions and wage garnishments. But… Read More »
By Benjamin A. Priday | May 7, 2020 At least half of American families have been giving money to charity every year – but that fraction had been declining prior to the global pandemic. We’re living in a very different world now. Millions are unemployed, the needs of nonprofits are ballooning and there are constant… Read More »
Deidra Miniard, Joe Kantenbacher, & Shahzeen Attari | May 5, 2020 Political divisions are a growing fixture in the United States today, whether the topic is marriage across party lines, responding to climate change or concern about coronavirus exposure. Especially in a presidential election year, the vast divide between conservatives and liberals often feels nearly impossible to… Read More »
By Steven E. Salterio | April 30, 2020 Predictions about the effects of the coronavirus pandemic on the world’s economy arrive almost daily. How can we make sense of them in the midst of this economic storm? After all, research shows that economic forecasts made during events such as SARS are often wildly inaccurate. To… Read More »
By P Mathivanan | January 13, 2020 Distinction between Bitcoin and Currency of Central Banks What is the difference between central bank authorized currency and Bitcoin? The bearer of central bank authorized currency can merely tender it for exchange of goods and services. The holder of Bitcoins cannot tender it because it’s a virtual currency not… Read More »
By Julius Probst | July 12, 2019 More than ten years on from the global financial crisis and economies around the world are still struggling to fully recover. The latest data is not promising. International institutions such as the OECD, IMF and World Bank have all recently downgraded their growth forecasts for the current… Read More »
By Harley Shaiken | July 12, 2019 H. Ross Perot famously had a way with words that galvanized ordinary Americans and helped him become the most successful third-party candidate since 1912. He hurled one of his most well-known lines during a 1992 debate with Bill Clinton and George H.W. Bush when he assailed the North… Read More »
By Nathan Jensen | July 10, 2019 U.S. states and cities hand out tens of billions in taxpayer dollars every year to companies as economic incentives. These businesses are supposed to use the money, typically distributed through economic development programs, to open new facilities, create jobs and generate tax revenue. But all too often that’s not… Read More »
By Steven Pressman |July 01, 2019 The U.S. economy likely surpassed an important milestone last month: Americans are now experiencing the longest economic expansion in the nation’s history, assuming the data still being collected bears this out. This is certainly good news and something to celebrate. But, as an economist who focuses on income inequality,… Read More »
By Cristian Gherhes, Chay Brooks & Tim Vorley | June 26, 2019 The recent collapse of British Steel highlights the vulnerability of towns like Scunthorpe in England’s north-east to industrial decline. With 4,500 jobs on the line, its dependence on a single industrial giant – and the inherent vulnerability when this collapses – is obvious. Yet this… Read More »