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
Good comments/questions on this post from yesterday, so let me briefly revisit the idea of a financial transaction tax: a small, few basis points tax on the buying and selling of securities. –Mike points out that “spoofers” place and cancel buy and sell orders, they don’t execute sales, so an FTT wouldn’t stop them. Sloppy… Read more
This morning’s NYT tells of prosecutors finally catching up with the alleged perp behind the “flash crash” in 2010, when the Dow fell almost 600 points in a few minutes. It bounced back soon after, but not until everyone’s nerves were seriously jangled and confidence in the soundness of the equity markets took a big… Read more
Over at PostEverything. She’s kept many of these cards close to her vest, so I don’t think this is the easiest question in the world.
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