…crappy poll numbers. Over at PostEverything. Really, this is just genuinely upsetting. It’s one thing to run the numbers but quite another to think about all the unnecessary pain this has caused. You just can never underestimate the destructive power of bad ideas.
The jobs report was solid today, providing another month of evidence that the recovery is reliably reaching the job market. But relative to the rest of the employment story, the manufacturing sector has settled into a less favorable trend. Though American manufacturing came out of its jobs trough with some vigor back in 2010, over… Read more
I need to read Martin Wolf’s new book, “The Shifts and the Shocks,” his diagnosis of the factors that brought on the financial crisis and his prescriptions for getting out of this terribly damaging bubble, bust, repeat cycle. But in the meantime, it’s worth giving a read to Felix Salmon’s review in yesterday’s NYT. Salmon… Read more
Sorry, but Steve Roth’s critique of my Inequality and Growth paper for CAP is misleading and inaccurate. Moreover, he had to work pretty hard to miss my points linking inequality to macro-instability and thus persistent periods of weak growth. Not only does Roth somehow miss my emphasis on what I think are critically important linkages… Read more