iOS app Android app

Economic Policy

Ryan Grim

He's Come A Long Way: Summers Attacks 'Bloated Financial System' | Ryan Grim | Posted 05.25.2011 | Business

Showing just how far his previous economic ideology has fallen from grace, White House senior economics adviser Larry Summers went on to CNBC Tuesday ...

Larry Summers' White House Role Questioned As Economic Policy Shifts

Boston Globe | Posted 05.25.2011 | Home

As President Obama and his team have rolled out a fresh set of strategies to fix the economy, one item on the list - curbing the ability of big banks ...

New York: A Global City for the Global Economy

Steven Cohen | Posted 05.25.2011 | New York
Steven Cohen

New York's role as a gathering place is what makes this city work, and this strategy is central to the nation's long-term prosperity and competitive edge. Yet this is not always understood well.

Bernanke's Reappointment: A Colossal Failure Of Governance

Simon Johnson | Posted 05.25.2011 | Business
Simon Johnson

Have we really reached the situation where the Senate must bow down before financial markets and high-ranking executives who are really just talking their book?

Spending Freeze Another Example of Obama's Schizophrenic Economic Policy

Ben Cohen | Posted 05.25.2011 | Politics
Ben Cohen

It was fine to rack up a giant bill when it came to the banks, but not when it comes to providing education for children or providing welfare to those trying to survive the worst job market in 80 years.

7 Minutes With Joseph Stiglitz: Hopes Geithner and Summers Learn From Serious Errors

Steve Clemons | Posted 05.25.2011 | Politics
Steve Clemons

The ideas that Stiglitz have been advocating are what many who supported Obama thought they would be getting, but instead of Stiglitzianism, America got Rubinism.

Weekly Audit: Fighting Economic Inequality in Haiti and at Home

The Media Consortium | Posted 05.25.2011 | Home
The Media Consortium

By Zach Carter, Media Consortium Blogger Rampant poverty can't be written off as the result of historical accident or a worker's incompetence. It is ...

Lessons For US Economic Policy From The Fall Of The Berlin Wall

Newsweek | Michael Hirsh | Posted 05.25.2011 | Politics

The abrupt and miserable end of the socialist experiment--it all happened so fast, with East Germany getting absorbed into West Germany on Oct. 3, 199...

7 Great Books By Economists

Huffington Post | Jessie Kunhardt | Posted 05.25.2011 | Books

There's a major panel discussion going on today in Washington, D.C. called "The Next Stage," in which economists are coming together to discuss the pr...

Republicans Must Stop Playing Politics With Unemployment Benefits

Sen. Kirsten Gillibrand | Posted 05.25.2011 | New York
Sen. Kirsten Gillibrand

Rather than do what is right, Republicans did what was politically convenient, twice blocking the unemployment extension last week in an effort to derail other economic recovery programs.

Reducing America's Economic Polarization Will Lead to Political Comity

Robert Creamer | Posted 05.25.2011 | Politics
Robert Creamer

If you want to do something about the political polarization of Congress, you have to deal with the underlying cause. You have to reduce the growing level of income inequality in America

Economic Crisis Compels Economists To Reach For New Paradigm

Wall Street Journal | MARK WHITEHOUSE | Posted 05.25.2011 | Business

The pain of the financial crisis has economists striving to understand precisely why it happened and how to prevent a repeat. For that task, John Gean...

Bush: 'I Went Against My Free-Market Instincts'

George's Bottom Line | Posted 05.25.2011 | Politics

"I went against my free-market instincts." That's what former President Bush said today in explaining why he signed off on the bailout for Wall Stree...

Exceptions To Derivatives Trading Rule Dilute Regulation

New York Times | GRETCHEN MORGENSON | Posted 05.25.2011 | Business

Derivatives regulation has been on the nation's financial reform agenda for months. Undoing the Clinton-era law that exempted swaps from oversight is ...

Thankful That Obama Has Helped Make Dissent And Debate Patriotic And Safe Again

Steve Clemons | Posted 05.25.2011 | Politics
Steve Clemons

Of all things to be thankful for this Thanksgiving -- I'm thankful that challenging the government's course and trying to put better ideas on the table are unabashedly patriotic again.

Professor David Colander Tells Congress Econ Models are Flawed

Damien Hoffman | Posted 05.25.2011 | Politics
Damien Hoffman

In addition to exposing a few absurd underlying economic presuppositions, Colander is helping shift incentives for professional economists toward engaging in more useful studies.

Currency Imbalance Should Not Become a Distribution

John S. Chen | Posted 05.25.2011 | Business
John S. Chen

Fixing our attention on the currency issues is a distraction, and takes our eyes off the core issues that will keep our lead in our economic power. And that is not China's problem. It is America's problem.

G-20: Banker Pay Should Be Regulated | Simon Kennedy and Gonzalo Vina | Posted 05.25.2011 | Business

World leaders are poised to crack down on banker pay and better coordinate economic policies as they seek to temper the excesses that helped trigger t...

Obama's America: What Is Economic Growth For?

Derek Shearer | Posted 05.25.2011 | Politics
Derek Shearer

Unfortunately, while Obama's words are bold, he acts cautiously when it comes to actual reforms that are necessary to create this new foundation for economic growth.

Making Workers the Catalyst for Economic Recovery

Thomas Kochan | Posted 05.25.2011 | Politics
Thomas Kochan

Workers have good reasons to feel left out of stimulus efforts to date. Nearly 20 percent of the workforce is unemployed, unable to find a full time job, or has given up on looking for one.

Learning from Down Under: Where Labor Policy is Center Stage

Thomas Kochan | Posted 05.25.2011 | Politics
Thomas Kochan

Our friends down under have set a benchmark for the U.S. We don't usually look beyond our boarders for lessons on domestic policy, but Australia has recognized employment relations as central to economic vitality.

Manufacturing and the Limits of Comparative Advantage

Ralph Gomory | Posted 05.25.2011 | Business
Ralph Gomory

Vague talk about future innovations, a post-industrial society, or an explosion of services exports is not the stuff on which to bet the prosperity of a nation.

The Babble Over Regulatory Reform, Cont'd

Robert Teitelman | Posted 05.25.2011 | Business
Robert Teitelman

Nobody just announces anything anymore. Before anyone in Washington can get lunch, it has to be leaked, briefed, previewed in speeches, summarized in ...

Reviving Pecora's Ghost

Robert Kuttner | Posted 05.25.2011 | Business
Robert Kuttner

With Summers, Geithner, and Bernanke working closely with major investment bankers to restart the system of securitization, there will be a titanic struggle over what kind of regulatory system to have going forward.

Christina Romer Gets it Wrong: "We Need Banks to Lend Like Crazy"

Steve Clemons | Posted 05.25.2011 | Politics
Steve Clemons

"Lending like crazy" is exactly what helped trigger the global financial crisis -- and reflating those trends would be a major mistake if that is what the Obama administration is pushing.