Monika Bauerlein, CEO
Dear reader,
Like you, we’ve been trying to process the head-spinning, norm-shattering impeachment developments. It’s going to take all we’ve got to stay grounded and focus on accountability, so I hope you'll read how we’re thinking about it—and that you'll support our journalism during the special Moment for Mother Jones campaign, when your donation will be matched, dollar for dollar, up to $500,000 total.
Mother Jones breaks down the head-spinning, norm-shattering impeachment news. Join us in the fight for accountability with a donation when your gift will be matched, dollar for dollar, up to $500,000 total.
The Fed’s Jeremy Nalewaik argues that a measure of GDP using income levels is a more reliable guide to the actual business cycle than the traditional measure of GDP using spending. If that’s true, says Justin Wolfers, the recession started nearly five years ago and was much deeper than we think: GDP per capita dropped 7% and is still well below its pre-recession level.
And what are we doing about this? Pretty much nothing. Apparently we’re content to follow Japan into oblivion.
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