As the Senate continues to debate financial reform, the issue of whether to create an independent consumer protection agency has become a key point of contention. In a special roundtable, experts weigh in on whether a new agency should be…

Paul Solman: Last week, we featured a number of economists (and a journalist) responding to the new financial regulations proposed by the Obama administration. But no economic historians were among them. We’ve remedied that omission by asking Eugene…

Apr 29

No image
Economy Shrank by 6.1% in First Quarter

The Commerce Department released numbers Wednesday estimating the economy contracted during the first three months of the year at nearly the same rate as the final quarter of 2008, marking the third straight quarter of decline since the late 1950s.

Question: When we hear comparisons between today’s economy and that of the Great Depression, I wonder: Had as many people and institutions been as highly leveraged then as now? Were personal and institutional debt as high then as they are…

Latest News