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
Just a look at the figure tells you pretty much what you need to know…over at PostEverything.
I’ve often touted the UK think tank, the Resolution Foundation, for their timely, accessible, and smart policy work on all the key issues–macro, micro, budgets. But their work has been particularly important in raising the issue of wage stagnation in the UK–basically, the Brits caught our wage disease–median and low-wage stagnation, growing dispersion–later than us, but… Read more
In weak economies, these two policy behemoths are complements, not substitutes. Over at PostEverything–it’s a summary from a chapter from my book, out in a few weeks! Special tabular bonus for OTE’ers: Source: Bernstein, The Reconnection Agenda: Reuniting Growth and Prosperity (forthcoming) Very important to be in box 1 in downturns. We started out there… Read more
Details at PostEverything. Everyone’s wound up about precisely when liftoff will occur (when the Fed will first raise interest rates after about six years at about zero) but I think the big story is that the Fed lowered their “natural rate,” the unemployment rate consistent with stable inflation. It’s a confusing time for Fed macromanagement… Read more