As I discuss in today’s WaPo, Brexit was a function of many factors: –PM David Cameron’s reckless, opportunistic political gambit: calling for the referendum back in 2013 to assuage his far right Euro-skeptics in time for the upcoming election. –Strong anti-immigration and anti-globalization sentiments. The unleashed xenophobia, surely linked to the refugee crisis, is to… Read more
Consider: –The economist Greg Mankiw had an essay in the NYT last week on five theories as to why growth has been so sluggish for so long (Greg’s focus was on the US, but it could have applied to Europe as well). Mankiw, a Harvard professor and writer of widely used textbooks, has long been… Read more
Given the horrific mass-shooting in Orlando over the weekend, it seems irreverent and off-point to scribble about the usual grist for the mill. So a bit of catchup and forward-looking stuff. –I’ll have a great interview in tomorrow’s WaPo with CBPPs Elizabeth McNichol on the need for infrastructure investment, with an emphasis on the state… Read more
I found both Robert Samuelson and Jeffrey Immelt (GE’s CEO) to be largely missing the boat, if not the container ship, this AM in the former’s WaPo oped. The flaws here are a) conflating trade agreements (TAs) with globalization and b) labeling all the candidates protectionist (Immelt: “every candidate is protectionist”). Let’s start with that last bit…. Read more
In case OTE’ers missed these: We need to be more honest about the costs of trade. The policy and politics behind some of today’s populist anger, at least the part about the economy.