"It is not surprising that current and retired central bankers feel threatened by Modern Monetary Theory. With deep roots in the Keynesian tradition and a consistent commitment to achieving full employment, MMT shows that good economics and _...Read More_

New applications for unemployment benefits this month fell to the lowest levels since the coronavirus pandemic shut many businesses in March, a sign of improvement for the U.S. economy. Weekly initial claims for jobless benefits, a proxy _...Read More_

Despite historic levels of joblessness, the labor market is slowly recovering from months of shutdowns.