When it comes to the debate over whether the Trans Pacific Partnership trade agreement should include rules against managing currency, the recent, sharp rise in the value of the dollar offers a little something for everyone. For TPP supporters who oppose a currency chapter—i.e., explicit actions to be taken against signatories who push down the value… Read more
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
Over at PostEverything. As I say in the piece, I can’t get through a presentation of this material without someone asking the completely reasonable question: what makes you think any of this stuff has a snowball’s chance of Congressional support? One could argue: well, the pendulum will swing back and we need to have a… Read more
House Republicans released their budget today, and I found it to be…um…how can I put this nicely?…orthogonal to reality. As I wrote earlier: The policies put forth in this document suggest that America’s main problem is that the poor have too much and the wealthy, too little. The budget plan “corrects” this perceived imbalance by… Read more
Over at PostEverything. And if you have the time, listen to the Alan Manning lecture at LSE. In fact, I find that LSE podcast series to be a goldmine. And if you jog as slowly as I do, you can get through a full lecture, including Q&A! Learn while you burn, OTE’ers!