Forgiveness might be divine, but forgetting is just bad reporting. When former Fed Chairman Alan Greenspan warns the public that the financial markets will not be set right until the housing bubble has fully deflated, it is worth reminding readers that Mr. Greenspan was a vigorous bubble denier during his tenure as Fed chair. He refused to take any steps to head off the growth of the bubble and repeatedly insisted that there was nothing out of line in the housing market.
--Dean Baker
I’m writing to you today with a sense of urgency that I haven’t felt since I began my journalism career. As executive editor of The American Prospect, I’ve witnessed firsthand how independent journalism serves as a crucial bulwark against the erosion of our democratic institutions. Today, that role is more vital than ever. Can you step up today and show your support?
The winds of authoritarianism are blowing stronger. We’re seeing alarming signs of a coordinated effort to silence critical voices and undermine the very foundations that support progressive causes. As Bob Kuttner presciently wrote in our August 2024 issue, a weaponized IRS could attack the very foundations of the progressive movement. We need readers to step up and help us dig in for the long haul.
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–David Dayen, Executive Editor
