Archive for the ‘Jobs’ Category

The Fed, full employment, African-Americans, and an event that brings it all together

March 3rd, 2015

As a tireless (some would say tiresome) advocate for full employment and the benefits it yields for working people, you can imagine how I was thrown by this NYT headline over a piece by economics reporter Bin Appelbaum: Black jobless rates remain high, but Fed can’t do much to help. “Shots fired!” as the kids… Read more

A currency chapter in the TPP will not diminish our Fed’s independence

March 3rd, 2015

Members of Congress and interested observers have advocated adding a chapter to the Trans Pacific Partnership trade deal (TPP) that takes action against trading partners who manage their currencies to subsidize their exports to us and tax our exports to them. An often heard argument against this idea is that it would put our own… Read more

Middle Class Economics: Josh Barro nails some critical points

February 26th, 2015

Josh Barro does an excellent job describing many of the key points about the challenges of crafting what politicians are calling “middle-class economics.” As I see it, they’re talking about policies that reconnect overall economic growth and the prosperity of the middle class. Though median household incomes have been rising in recent years, as best… Read more

No, negotiating a currency chapter in the TPP will not cause a trade war or cost us jobs.

February 16th, 2015

You really need an anthology of catch-phrases you hear in this benighted town of DC to understand the difference between what people actually say and what they mean. When someone says “my good friends from the other side of the aisle…,” they’re not really good friends. And when someone says, “that will cause a trade… Read more