Elizabeth Warren, a Democrat, represents Massachusetts in the Senate. The United States is in the final stages of negotiating the Trans-Pacific Partnership (TPP), a massive free-trade agreement with Mexico, Canada, Japan, Singapore and seven other countries. Who will benefit from the TPP? American workers? Consumers? Small businesses? Taxpayers? Or the biggest multinational corporations in the…

The Federal Reserve is a hugely powerful institution whose policies have an enormous effect throughout the economy. For that reason, it is doubtful the United States can achieve shared prosperity without the policy cooperation of the Fed. [Reposted from The Globalist  |  Thomas Palley  |  February 24, 2015] Now, with the economy stronger, there is…

Currency manipulation by Japan—the second largest currency manipulator in the world—is a major driver of the U.S.-Japan trade deficit, which cost nearly 900,000 U.S. jobs in 2013. [Reposted from the Economic Policy Institute blog  |  Robert Scott  |  February 25, 2015] As the map below shows, the U.S. trade deficit with Japan resulted in net…