The global economic and political order that was created in the aftermath of World War II is under attack by President Trump. That order has been of enormous benefit to the entire world. The international institutions and arrangements that have been created the last seventy years have, I believe, played an important role in these

It is apparent that not only are there high levels of inequalities within most countries, but those inequalities have been growing over time. They are much larger today than they were a third of a century ago. It is also clear that there is far from equal opportunity: the life prospects of children of rich and

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Designing the twenty-first-century welfare state is part of a broader debate redefining the role of the market, the state, and “civil society”—non-state forms of collective action. One of the tenets of the Reagan-Thatcher revolution was questioning the welfare state. Some worried that the financial burdens of the welfare state would drag down growth. Some worried

We live in an increasingly post-cash world, but cashless comes at a cost. Merchants – the stores we rely on for everything from groceries to oil changes – pay more than $50 billion in fees to the credit card companies that finance consumer purchases. As a result, merchants have a considerable incentive to persuade customers

We are gathered here today in remembrance of the Kansas state tax cuts, which expired on Wednesday, after a protracted fight between the Kansas state legislature and Republican Governor Sam Brownback. Though its life was short, the Kansas tax cuts — “the cuts,” to friends — left a strong impression and will not soon be forgotten. The cuts came roaring

In response to the 2007-08 Financial Crisis that cost the United States more than $20 trillion, Congress passed the Dodd-Frank Wall Street Reform and Consumer Protection Act on July 21, 2010 with the aim of overhauling the dysfunctional regulatory regime. In the years since, the wide-reaching reforms mandated by Dodd-Frank have provided key protections to

Last week President Trump released a budget that would gut public programs that lift up millions of American women and families. Contrary to its title, “A New Foundation for American Greatness,” the budget is a roadmap to a place where women and their families would be less safe, less healthy, and less economically secure. As we

Donald Trump’s budget, released today, is a lie on top of a joke. A lie because it leaves off the enormous cost of the president’s proposed tax cuts for the rich and a joke because it relies on comically exaggerated forecasts of supercharged economic growth to generate additional revenue so that Trump can claim he

Last Monday, Democratic Senate leadership expressed their concerns over the president’s recent tax cut proposal in a joint letter to Treasury Secretary Steve Mnuchin and Office and Management and Budget Director Mick Mulvaney. Their letter correctly criticized the plan’s lopsided benefit to the top 1 percent and pointed out the threat it would pose to

The People’s Climate March in April reminds me how far we’ve come in understanding that climate change is deeply tied to another ominous 21st threat: economic and social inequality. Even in the U.S., one of the largest contributors of greenhouse gas emissions, we are beginning to recognize that there are and will be vast climate