Doug Henwood

Pete Peterson was another billionaire who was so concerned with the federal deficit that he preached the need for austerity—for the rest of us.

A masterful narrative of the Greek debt crisis, Varoufakis's Adults in the Room makes a case for the revival of a humane internationalism.

If there’s one thing that’s certain about us Americans, runs the national myth, it’s that we’re a democratic bunch. We’re almost universally middle class. Oh, sure, there are some smelly vagabonds wandering the streets of our big cities, a few illiterate hillbillies ...

Everybody loves small business. Politicians use plucky little enterprises as the cover for schemes to cut taxes and ease regulations for their Fortune 500 constituencies. Pundits assure us that small business is a fount of jobs and innovation, a hotbed of entrepreneurship led ...

Last January, I got a call from Jim Grant, editor of Grant’s Interest Rate Observer, a Wall Street newsletter on the credit markets. Jim was a bit nervous that the dockers’ strike in Liverpool had attracted sympathy strikes, demonstrations, and other actions around the ...