Archive for the ‘Economic Growth’ Category

Gas prices, the dollar, and a warning about the future trade deficit

April 24th, 2015

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

Check it out, OTE’ers: The Reconnection Agenda is upon us!

April 24th, 2015

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

Faster productivity growth would be great. I’m just not at all sure we can count on it to lift middle-class incomes.

April 21st, 2015

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 on full employment; my own concerns as to our readiness for the next downturn

April 6th, 2015

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