Tag: the coronavirus's economic impact
What Happened When a Single Mom Started Filing Income Taxes Again
A year ago, Gabriela Gallegos was ready to file her income taxes for the first time in nearly a decade. She was thirty-five, the single mother of a fourteen-year-old son, but had been claimed as a dependent by her mother for most of the past ten years, which had been tumultuous ones for her. In 2013, her husband, who had been abusive, was murdered. Gallegos struggled with addiction, and had recurring legal trouble related to a conviction, in 2011, for
Is Larry Summers Really Right About Inflation and Biden?
With retail prices surging, wages failing to keep up, and the Federal Reserve moving to raise interest rates, Larry Summers, the Harvard economist and former Treasury Secretary, seems to be everywhere. Last week, Ezra Klein, the Times columnist, featured Summers on his podcast. Summers is also an economic commentator for Bloomberg News, and he writes columns for the Washington Post. In one of his latest articles, he declared, “The Fed’s current policy trajectory is likely to lead to stagflation