Historically low rates of interest have helped the U.S. economy recover from the Great Recession. But there have been casualties. Savers — and the wider economy — have lost interest income from deposits and investments that could total $500 billion. This probably hurt those who are retired, or on a fixed income, the most.Click the audio player above to hear ... Show More
Jun 2016
Welfare's role in alternative to abortion programs.
This August will present a milestone: 20 years since welfare reform. The federal government overhauled the cash assistance program for poor families, replacing it with a new system called Temporary Assistance for Needy Families, or TANF.Among the biggest changes, states now contr ... Show More
10m 24s
Jul 2023
Profits at US banks boosted by higher rates
We're back into earnings season, and, unsurprisingly it's the banks that are attracting most attention - they, are after all, the beneficiaries of the higher interest rates that have come with the Federal Reserve's bid to curb inflation. The first big headline profit result is fr ... Show More
27m 20s
Nov 2023
THIS Will Show You Where Interest Rates Are Going Next
#recession #money #recession2023 #money #inflation #deflation #interestrates #dollar #economy
The mainstream emphasis on Treasury auctions is, like so many of these things, completely misplaced. It's not just misplaced, even the worst Treasury auctions don't actually matter. In ... Show More
18m 10s
Apr 2023
The life and possible death of low interest rates
Right now, the economy is running hot. Inflation is high, and central banks are pushing up interest rates to fight it. But before the pandemic, economies around the world were stuck in a different rut: low inflation, low interest rates, low growth. In 2013, Larry Summers unearthe ... Show More
25m 56s
Mar 2024
Wages have been outpacing inflation — but there’s a catch
While the purchasing power of earnings started to catch up to inflation last year, lower- and middle-income workers have been playing catch-up and are trying to dig out of debt. Meanwhile, Americans are working fewer hours on average, and fewer hours can cause total earnings to t ... Show More
7m 34s
Jan 2022
Why everything is so expensive right now
Inflation has hit a 40-year high in the U.S., driving up the cost of everything from groceries to housing. As the Fed prepares to raise interest rates, here’s what to watch out for.
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In December, inflation hit a staggering 7 percent. That’s far above the Federal Reserve ... Show More
19m 22s