Archive for the ‘Politics’ Category

The strong dollar, its impact on growth, and the TPP

March 27th, 2015

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

Ideas to boost wage growth from the Resolution Foundation

March 26th, 2015

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

One of the more outrageous things ever said re fiscal policy…and that’s a high bar.

March 17th, 2015

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