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Inflation-Driven Debt Could Sink Economy

From the Left / Froma Harrop /

Can you hear the canary in the economy's coal mine singing her heart out?

You know that we are headed for trouble when some masses start buying groceries on the installment plan. That is the business model behind the popular "Buy Now, Pay Later" (BNPL) borrowing platforms -- loans that spread out purchases into four payments.

Troubles are ...Read more

Can American Democracy Rebuild After Trump?

From the Left / Froma Harrop /

There are a lot of things Donald Trump does not like. Find a common theme, and one may conclude that Trump doesn't like America. This thought is not original to me. Democratic strategist James Carville offers it as his theory of why Trump wreaks so much damage on this country.

Trump knows what he's doing and apparently takes pleasure in the ...Read more

 

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