I enjoyed Neil Irwin’s recent piece of the dynamics between the strong dollar and cheap gas in the US macroeconomy. The issues Neil raises pose both an interesting question and a worrisome caveat. Neil writes that “The giant question for the economy in 2015 was which of these forces [strong $ vs. cheap gas] would prove more… Read more
Read the intro to my new book, The Reconnection Agenda: Reuniting Growth and Prosperity, over at the WaPo PostEverything. Or better yet, download the whole damn book at let me know what you think. You can buy a hard copy–you know, with paper pages, here. [Here’s the cover, which I think is great, by Anthony… Read more
Recently, a number of economists and commentators have suggested that faster productivity growth would be a big way to boost the income of middle-class households. I’m all for faster productivity growth, though I’d argue no one knows how to reliably make it happen. But given the wedge of inequality between productivity and low and middle… Read more
Robert Samuelson has a few good words for full employment, coming off of our event a few weeks ago. He makes some useful points: –not only is full employment an important goal, but it’s a bipartisan one, or at least it should be; –no one really knows with any precision what the “natural rate” of… Read more
Just a look at the figure tells you pretty much what you need to know…over at PostEverything.