USA Today reports that the economists at the annual meeting of central bankers in Jackson Hole, Wyoming were divided about the risk of a recession. This should make the public quite concerned about the economy's prospects. In the fall of 2000, just six months before the last recession, the "Blue Chip" 50 forecasters were unanimous in projecting strong growth for 2001.
--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
