I just got back from presenting this text and these figures at a this Senate forum on inequality, mobility, and middle-class prosperity and the lack thereof, with a heavy emphasis on policy. The project is the brainchild of Sen. Elizabeth Warren and Congressman Elijah Cummings, and I strongly recommend listening to what they had to… Read more
I don’t think you need a crystal ball to predict that whoever runs for president in 2016 will have some sort of tax cut at the heart of their platform, probably targeted at the middle class, and I’m talking both D’s and R’s. It will likely be pitched as a response to middle-class wage and… Read more
–Teresa Tritch, with characteristic efficiency, nails the essentials of the building Greek/German showdown, emphasizing the critical point that this isn’t a simple story of virtuous lenders and profligate borrowers. Both sides swam in de-Nile since Greece entered the eurozone, and now that the implosion has occurred, the Greeks cannot be the only ones to shoulder… Read more
Back in my White House daze, while helping out with an economics speech to be given by a top senior official, I suggested a sentence that had the word “distribution” in it in the context of income or tax policy or something. Not even “redistribution.” Needless to say, editors went ballistic—they didn’t just cross it out,… Read more
…over at PostEverything. A bit of political economy to start your Wednesday.