Tag: economy

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Volcker

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On December 9, 2019
Paul Volcker is dead. It’s worth remembering briefly just how responsible he is for many of the problems we face today. The first thing I remembered when I heard he died was a conversation I had a couple of years ago with the wife of a college president (not mine). Basically, we started talking and […]

On Freedom

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On November 1, 2018

Mike Konczal and Nell Abernathy have a call to arms, urging the Democratic Party to embrace economic freedom as a core strategy. They identify three freedoms, as opposed to FDR’s 4. There is Fre

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Where’s Our Money?

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On April 13, 2018
Unemployment is low. People are talking about what a great economy this is. Is it? Because I sure don’t see it. What I see is the greatest level of inequality in a century. There’s money to be made but the people who need it aren’t making it, even if they are struggling in 3 part-time […]

Recession!

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On December 2, 2016

The chances of a recession are pretty high in the next 4 years, just looking at historical trends. Given the incredible length of time it took for jobs to recover after the last recession, a trend tha

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Jed Kolko provides an interesting analysis of where the American job market is headed. Couple of points: 1) It’s hardly surprising that health care is the fastest growing overall work sector, although it’s also notable that the single biggest category of job growth is wind turbine technician, which I hope turns out to be true. […]

Interest Rates

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On November 18, 2015

I’m surprised the Federal Reserve hasn’t raised interest rates yet as it’s been rumored for a good year. But the time is coming, despite Janet Yellen doing some work to forestall it

Connie Hedegaard, the EU Commissioner for Climate Action, had a piece in the Guardian a few days ago on the urgent need to combat climate change. She’s completely right of course but basically nobody cares enough to really do much about it. Still, I want to focus on one particular aspect of her argument: The […]

Score One for OWS

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On November 29, 2011

The Republicans have decided to back the payroll tax extension, fearful of being painted as anti-middle class in the coming elections. As Kos noted in a tweet, there’s no way this happens withou

Debt

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On August 13, 2011

Sarah Jaffe has an excellent if depressing piece about the recent spike in consumer debt: So why the jump in buying on credit, if people still don’t have money to spend? Carlos X. Alexandre at S

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