If you’re interested in some incisive thoughts about the recent uptick in the inequality debate, you’ll want to read this piece by Mark Schmitt in TNR. Like Mark, I find that talking about inequality per se is often challenging because it’s such a sweeping concept: …it’s not that [inequality is] anything less than “the defining… Read more
Explaining a connection that I think some readers find a bit puzzling…over at the NYT Economix blog, with four–count ‘em–cool charts. Sources: BEA and Piketty, Saez
You can waste a lot of time going after opeds from the WSJ, but this one caught my interest because the author is apparently Christie’s top economic adviser. One gets an unsettling sense of where the governor is coming from on economic policy from his positions like those I link to at the end of… Read more
[Well, with respect for my former neighbors up in Manhattan where the snow sounds really bad, down here in the mid-Atlantic region, it looks like someone dumped a bunch of powdered sugar on my lawn. Very pretty.] Politico asked a bunch of us econo-types to hold forth a bit on what to expect in 2014. … Read more
Over at the NYT Economix blog. Because of large capital losses when bubbles burst, inequality falls pretty sharply–temporarily…around a rising trend–when the economy tanks. But now that the recovery is underway, inequality’s back on the rise, as seen by recent aggregate data (see figure in NYT piece) and less-up-to-date-but-more-detailed CBO data on household income.