Explore More

On Friday, Paul Krugman dealt with financial market price bubbles, focusing specifically on emerging markets. He takes on the issue of bubble creation as a result of aggressive Fed loose money policy of the recent past. He correctly points out that the emerging markets situation is really one of a

If you don't like unions, pray for tight labor markets. Because when labor is scarce, the law of supply and demand raises wages and workers don't have big incentives to unionize. It's when market's aren't tight that unions become a must-have for workers seeking more pay. That insight explains a lot

The Cato Institute came out with a big study recently that argues the familiar point that generous welfare payments undermine incentives to work. The Center for Budget and Policy Priorities promptly replied with a four-page paper rebutting key aspects of the report.

Right now, eager 18-year-olds from across the country are tweeting with bravado photos of their newly postered dorm rooms and scanning with private fear their freshmen class schedules. They're embarking on a journey to capture their piece of the American Dream.

You know the drill — we have a dysfunctional political system and a gridlocked Congress. The House is firmly in the grip of a band of Republican maniacs and the Senate, though technically Democratic, requires a virtually impossible filibuster-proof majority to get anything passed. So we should just

On the eve of a march to commemorate Dr. Martin Luther King’s “I have a dream” speech, labor and civil rights activists are calling on President Barack Obama to honor King with an executive order that would raise wages for as many as two million workers. One of the most poignant calls came Wednesday

Yesterday I wrote about why a tight labor market may not return any time soon to raise wages. But here's another scary thought: What if tight labor markets no longer push up wages like was once the case?

While the official anniversary of the March on Washington for Jobs and Freedom isn’t until Wed, August 28th, a rally will be held this Saturday, August 24th at the Lincoln Memorial starting at 8 a.m. The rally will be followed by a march to the Martin Luther King memorial. Saturday’s rally is part

The Justice Department on Thursday redoubled its efforts to challenge state voting laws, suing Texas over its new voter ID measure as part of a growing political showdown over electoral rights. The move marked the latest bid by the Obama administration to counter a Supreme Court ruling that

How to handle Syria is the toughest call President Obama has yet faced -- a dilemma where two core progressive values stand in profound tension. That tension is clear if we walk through a best case scenario, and then look at a worst case.