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
To me it reads like the correct dosage of mind and heart and as such comes across as both a rational and heartfelt approach to the least harmful/most potentially helpful way forward in resolving the debt/fiscal crisis. I guess some clever austerian could argue that the claim “I’m not using game theory” would fit quite neatly… Read more
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
I’ll have a lot more to say about this important and impressive new report from CAP about “inclusive growth” which some are hailing as a conversation starter for the 2016 D’s agenda. The commission behind the report is co-chaired by Larry Summers, a former Treasury Sec’y (that’s relevant to the part I’m about to highlight). In lots… Read more
Check it out over at the NYT.