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
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!
David Brooks can’t resist the old DC one-step. People who say “education is really important, but it’s not the only determinant of wage growth” become people who disparage the importance of education. Clearly, education matters a great deal but so too does bargaining power, political power, and absence of precisely those forces on behalf of those on… Read more
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