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Economic Policy

Markets, Power and Economic Policy

Jared Bernstein | Posted 05.13.2013 | Business
Jared Bernstein

When economic "rents" or market failures provide economic benefits to weaker groups -- those with less stature or power in society -- efforts to eradicate such "inefficiencies" may further empower dominant elites in ways that are counterproductive for the larger society.

Wealthiest Americans Benefit The Most From Economic Recovery As Inequality Grows

The Huffington Post | Caroline Fairchild | Posted 04.23.2013 | Business

The first years of the U.S. economy's recovery from the Great Recession yielded strong gains in total wealth for the richest Americans, while every ot...

Pessimism On Economy Continues To Grow

AP | TOM RAUM and JENNIFER AGIESTA | Posted 04.19.2013 | Business

WASHINGTON — For the third year in a row, the nation's economic recovery has hit a springtime soft spot. Reflecting that weakness, only 1 in 4 A...

Elizabeth Warren: Avoid Wall Street Shuffle in Washington

POLITICO | Posted 01.25.2013 | Politics

It’s that time again when jobs open up across Washington and the big shuffle starts: People on Wall Street angle for key economic policymaking jobs,...

Polls Show Sharp Turn by Registered Voters, Against Republicans, Concerning Taxes

Eric Zuesse | Posted 02.20.2013 | Politics
Eric Zuesse

There has been a vast and important change of mind among the electorate, regarding the issue of taxes. On 13 July 2012, McClatchy Newspapers headline...

While International Climate Negotiations Continue, the World's Ninth Largest Economy Takes an Important Step Forward

Robert Stavins | Posted 02.04.2013 | Green
Robert Stavins

I'm referring to the CO2 cap-and-trade allowance auction held by the State of California. The fact that the auction ran smoothly and compliance entities and others put their money down is one important step in establishing the program's credibility.

CEO Math

Steven Conn | Posted 01.14.2013 | Politics
Steven Conn

CEO Math is what results after drinking an ideological Red Bull. Suitably buzzed, you then begin to do arithmetic to maximize short-term profits -- regardless of whether your math is legal, ethical, good for business in the long-term

The Dilemma of Fiscal Cliff -- The Solution Is to Scrap It

Nake M. Kamrany | Posted 01.13.2013 | Politics
Nake M. Kamrany

The current economic policy priority should be to reduce the rate of unemployment down to 4 percent and subsequently seeking policies to reduce deficit and debt after the economy is robust.

5 Reasons I'm Optimistic

Gary Shapiro | Posted 01.13.2013 | Politics
Gary Shapiro

It's understandable for people like me -- people who saw Governor Mitt Romney as America's best hope for economic recovery and prosperity -- to be devastated by the election results. However, I was raised to appreciate the value of democracy and see the positive in any situation.

How Do Obama and Romney Stand on Issues Affecting Manufacturing? Part 1: Taxes and Regulations

Michele Nash-Hoff | Posted 01.01.2013 | Politics
Michele Nash-Hoff

Manufacturing has been a key driver of what limited economic recovery we have had since 2009. On the surface, Obama and Romney seem to have roughly the same economic goals, but as we have seen, their plans for reaching these objectives differ greatly.

Cap-and-Trade, Carbon Taxes, and My Neighbor's Lovely Lawn

Robert Stavins | Posted 05.15.2013 | Green
Robert Stavins

In 1998 and for the subsequent eight years or so, I remained agnostic regarding what I viewed as the trade-offs between cap-and-trade and carbon taxes. What happened to change that? Three words: The Hamilton Project.

The Poster Boys of 1960 & 2012

Robert S. McElvaine | Posted 12.15.2012 | Politics
Robert S. McElvaine

The Three R's -- Romney, Ryan and the Republicans -- are trying to sell the American people a more than 80-year-old used car that has been through two terrible crashes: one in 1929, the other in 2008.

First Presidential Debate: Apparently, This Housing Crisis Is Over

Jed Kolko | Posted 12.04.2012 | Politics
Jed Kolko

There's a long list of what the candidates didn't say about housing: not a word about refinancing, principal reductions, selling government-owned foreclosed homes, or the mortgage interest deduction. Why wasn't there more debate over housing?

Presidential Debate: Obama Takes a Dive

Christopher Newfield | Posted 12.03.2012 | Politics
Christopher Newfield

Obviously the strategy in the debates is "move to the middle" and don't scare fence-sitters in the swing states. But that doesn't mean confusing the heck out of them about whether you're different from the other guy.

Will Someone Please Increase My Taxes!?

Bob Banov and Roger Ohlsen | Posted 11.26.2012 | Politics
Bob Banov and Roger Ohlsen

Wouldn't it be great if the Congress that exacerbated our current situation were held responsible for their grade school behavior which brought on our current financial situation, paying higher taxes until things right themselves, even if it's after some get voted out of office?

Will Romney's Plan Work?

William M. Rodgers, III | Posted 11.21.2012 | Politics
William M. Rodgers, III

I have resisted joining the chorus that is criticizing the Romney-Ryan campaign for their policy flip-flops, inconsistent and insensitive campaign sta...

10 Economic Questions for the 2012 Campaign

Glenn Hubbard | Posted 11.18.2012 | Business
Glenn Hubbard

These questions are important, but they need to be considered together. There are strong interactions between fiscal sustainability and growth. Between growth and job creation.

Bill Clinton to Treasury

Brent Budowsky | Posted 11.13.2012 | Politics
Brent Budowsky

Today the economic pain in the nation is real, but for many Americans there has been an economic recovery. America has come a long way since Obama took office.

Why "Social Issues" = Important Economic Issues

Soraya Chemaly | Posted 11.07.2012 | Politics
Soraya Chemaly

A "social issue" is where to seat people at a dinner table. It's code for "lady things" -- these are words whose only purpose is to trivialize ideas central to our future well-being and democracy by virtue of associating them with women.

Romney's Secret Plan?

Eric Zuesse | Posted 10.29.2012 | Politics
Eric Zuesse

The prominent Republican economist Milton Friedman, in a 15 January 2003 Wall Street Journal op-ed "What Every American Wants," said: "I never met a t...

The Wealth of Nations

Ricardo B. Salinas | Posted 10.13.2012 | Latino Voices
Ricardo B. Salinas

The Wealth of Nations describes how the division of labor and the expansion of trade increase production, wealth, and social well-being. Today, not even the most populist politician would dispute the benefits of the division of labor.

Job Policies: An Experiment

Robert S. McElvaine | Posted 10.11.2012 | Politics
Robert S. McElvaine

Even leaving the 2009 job losses out of the calculation, jobs were created under Clinton's policies at a rate nearly eight times faster than they were during the second Bush's business- and high-income-friendly policies -- precisely the policies of Mitt Romney and Paul Ryan.

The Dog Food Lesson: Why It May Spell Doom for Romney & the GOP

Spencer Critchley | Posted 08.25.2012 | Politics
Spencer Critchley

The greatest lesson of Citizens United may be just how heinously expensive it is to sell policies that don't work.

Low Prices a Problem? Making Sense of Misleading Talk About Cap-and-Trade in Europe and the USA

Robert Stavins | Posted 04.28.2012 | Green
Robert Stavins

Since when are low prices considered to be a problem? To understand what's going on, we need to remind ourselves of the purpose (and promise) of a cap-and-trade regime, and then look at what's been happening in the respective markets.

Romney-Ryan's Why Nations Fail Economy vs. Obama's Built to Last Economy

Paul Abrams | Posted 06.05.2012 | Politics
Paul Abrams

One cannot read Why Nations Fail during this campaign season without recognizing on every page the authors' criteria for successful nations fulfilled by President Obama's built-to-last economic policies and the failing nations' policies being consciously pursued by Romney-Ryan.