Imagine a world in which the most pressing issue is to slash taxes for the rich and only the rich, costing the US government hundreds of billions of dollars and doing little to spur economic growth. Imagine a policy so unequal that even Mitt Romney has his doubts. Reader, I give you the capital gains
Summers are never slow at Roosevelt, and now we’re gearing up for an even busier fall. At the top of our to-do list is explaining how and why the public sector must make big investments to tackle our nation’s toughest challenges; promoting our ideas to influence the Democratic presidential debate; and welcoming two new fellows
The Fed was in the news this past week, partly for its annual Jackson Hole conference, partly for some impolitic comments by a former official, but mainly for its recent decision to not lower interest rates. Most observers had expected that the cut in rates this spring would be followed by another cut this time.
In a report released earlier this week, Roosevelt Fellow Todd Tucker explains what industrial policy is and how we can do it better. Notably, he argues that—despite the common but mistaken assumption that the US does not use industrial policy—ad hoc and exclusionary industrial policies have hindered the kind of robust industrial planning necessary to
Between machines and outsourcing, technological change and trade in the 21st century have impacted much of how the American economy functions. As a result, workers are not only facing renewed challenges in their day-to-day experience on the job, with algorithmic scheduling and greater management surveillance, for example; but also in their experience within the economy
Also posted at the Institute for Agriculture & Trade Policy website. The Democratic primary debate on Thursday night was probably the first time that soil management—as climate policy—was ever mentioned at a primetime presidential campaign event. It was also one of the first tangible mentions of farm policy in two nights of debates. “Carbon farming”—building
Behind the Numbers: Today’s Unemployment Numbers are Good News on the Economy … and Bad News on Economic Policy
On Friday, the Bureau of Labor Statistics (BLS) released the unemployment figures for May. As expected, the reported unemployment rate was very low—3.6 percent, the same as last month. Combined with the steady growth in employment over the past few years, this level of unemployment—not seen since the 1960s—suggests an exceptionally strong labor market by historical
Tomorrow at Walmart’s shareholders’ meeting in Bentonville, Arkansas, Walmart workers will call out America’s broken corporate governance system and propose that Walmart workers be included on its board of directors. Walmart associate Cat Davis will be joined by Senator Bernie Sanders (I-VT), who will speak on behalf of workers’ right to participate in corporate decision-making.
New Rules for the 21st Century: Corporate Power, Public Power, and the Future of the American Economy
America’s political landscape and economic thinking are shifting. The 2016 election—and the rise of powerful movements over the past decade—has shown us that Americans are calling for change. They want a diagnosis of our economy to help make sense of what’s gone wrong and to suggest ways to make things better. In New Rules for
This blog post is based off of remarks given at “Wall Street and the Next Recession: Protecting Main Street in the Next Economic Downturn,” an event co-sponsored by Americans for Financial Reform and the Center for Popular Democracy at the US Senate. One thing is certain about markets: they go up and they go down.