A recorded conversation with a federal inmate reveals an overcrowded facility, dozens of sick inmates, and a terrified staff.
federal government
Posted inEconomic Policy
How the Corona Crisis Liberated Massive Public Spending: A Prospect Roundtable
Five distinguished economists comment on the role of deficits and debts in preventing a depression.
Posted inEconomic Policy
Bad Economic Theory and Practice, Demolished
This is part of our economists roundtable on the corona crisis. The corona crisis has obliterated, one hopes for all time, certain shibboleths of the economic textbooks and the Congressional Budget Office. Among these, especially, are crowding out, deficit and debt thresholds, and the natural rates of interest and unemployment. If the pseudo-Keynesian notion of […]
Posted inEconomic Policy
Beware of Austerity Demands Once the Immediate Crisis Passes
This is part of our economists roundtable on the corona crisis. The coronavirus is, above all, a public-health crisis, and the economic impact could be devastating. But before any of us even heard of COVID-19, our society and economy suffered from deeply-ingrained problems, starting with economic inequality, which this crisis will undoubtedly exacerbate. The need for […]
Posted inEconomic Policy
Debts and Deficits: What Are the Limits, and Why?
This is part of our economists roundtable on the corona crisis. Recent Headlines from The Financial Times: U.S. taps market for stimulus funds at historically low rates (April 3) How central banks beat back the ‘bond vigilantes’; unlimited bond buying has made it near impossible for investors to punish overspending (March 31) Fed sets up scheme […]
Posted inTAP
Government Needs to Start Hiring People
Today on TAP: Things Washington can do a lot better than the private sector
Posted inCoronavirus
The Next Corona Relief Package: What Needs to Be in It
Massive public-works outlays are needed—to get the economy out of the Corona Depression, reclaim domestic manufacturing, and meet long-delayed investment in modern and green infrastructure.
Posted inWorking in America
The Postal Workers Strike, 50 Years Later
Two hundred thousand militant postal workers forced the Nixon administration to grant them labor rights. Today, the Trump administration is attempting to take them away.
Posted inEconomic Policy
The Biden Do Not Reappoint List
A third succession of Wall Street Democrats would be a disaster. Here are the names to look out for.
Posted inTAP
The Virus Has Claimed Its First American Victim
Today on TAP: That would be Donald J. Trump