Social scientists have traditionally struggled to identify clear links between political spending and congressional voting, and many journalists have embraced their skepticism. A giant stumbling block has been the challenge of measuring the labyrinthine ways money flows from investors, firms, and industries to particular candidates. Ferguson, Jorgensen, and Chen directly tackle that classic problem in

Senior Economist and Roosevelt Fellow Marshall Steinbaum’s statement on Trump’s tax plan: Trump’s proposal to cut corporate tax rates won’t boost growth or create jobs. In fact, it will discourage corporate investment, as corporations and their shareholders earn even higher profits and pocket more of the cash–just like they did last time we tried a

For over a hundred years, competition policy has been a central part of a market economy’s legal framework. Over the past third of a century, however, the scope and effectiveness of competition policy has been narrowed, under the influence of certain ideas about the functioning of the market economy—ideas which have subsequently been widely discredited

Overcharged and Underserved

This paper examines the market structure and performance of the four major products that constitute the digital communications sector – wireless, broadband Internet access service (BIAS), multichannel video programming service (MVPD) and business data services (BDS). The first three are sold directly to consumers, the fourth is an intermediate good, vital to the delivery of

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Students Over Swaps Infographic

Higher education in the U.S. is in a state of crisis. We see evidence of this crisis in huge cuts in funding for public schools, skyrocketing costs of attendance at both private and public schools, and increases in student debt burdens. You can find the executive summary and full report here.

Higher education in the U.S. is in a state of crisis. We see evidence of this crisis in huge cuts in funding for public schools, skyrocketing costs of attendance at both private and public schools, and increases in student debt burdens. Financialization has a number of disturbing consequences for higher education, including increases in overall

Rewrite the Racial Rules: Building an Inclusive American Economy argues that, in order to understand racial and economic inequality among black Americans, we must acknowledge the racial rules that undergird our economy and society. Those rules—laws, policies, institutions, regulations, and normative practices—are the driving force behind the patently unequal life chances and opportunities for too many individuals. In

Municipal Banking: An Overview

This report lays out a broad framework for how municipalities can establish, fund, and operate publicly owned municipal banks based on principles of egalitarian, redistributive justice, worker rights, and more ecologically sound urban development. While this paper focuses on the potential for cities to create publicly owned banks, many of the core principles involved also apply

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Finance & Wealth

The American economy has changed dramatically over the last 35 years, and finance and wealth have been at the epicenter of that transformation. Roosevelt’s work in this area explores how the explosive growth of the financial sector has increased inequality and hurt the overall economy, why wealth has become increasingly concentrated in the hands of

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In an unprecedented move yesterday, the Chicago City Council rebuked Mayor Rahm Emanuel’s plan to voluntarily pay banks $106 million in penalties to terminate the city’s remaining interest rate swap agreements. In another unprecedented move, I attempted to explain to my mother what had happened. I told her, in a mix of English and our