Clearly, there are a lot of people who feel that the economic recovery–over five years old by now, at least by the official count–isn’t reaching them. That’s a central result from a pretty gloomy poll out today from Rutgers University. I put some thoughts and data together over at PostEverything, showing the gaps between real GDP growth, corporate… Read more
And even if he is, given the numbers they’ve been posting, with enemies like that, who needs friends? Over at PostEverything.
Sounds obvious, I guess, but the idea gets taken too seriously. Over at PostEverything, I explore two channels by which lower corporate taxes could reach the middle on down: supply-side trickle down, and you know my views on that particular vial of fairy dust, and direct lowering of tax liability for the middle class, to… Read more
Yesterday I pointed out that adding in federal taxes and transfers does not much alter the trend in inequality over the last few decades. This morning, I’d like to feature another look at the costs of inequality—again, after accounting for taxes and transfers—in terms of income losses to the bottom 80% of households. The figure… Read more
I was listening to an interview with Tim Geithner this weekend, and after going through his (highly readable) new book, they asked him where he thought the economy was headed. “I don’t believe forecasts,” he said, which sounded smart to me (he then proceeded to forecast). He was pretty bullish about growth, generally arguing what… Read more