Thinking Beyond Monetary Policy and Banking Regulation to Manage the Next Economic Downturn
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.
- Published in Blog, Economy & Growth
The Failures of Neoliberalism Are Bigger Than Politics
Vox published an excellent discussion with economist Brad Delong where he makes the argument on why left-leaning neoliberals (who “use market means to social democratic ends when they are more effective, and they often are”) should be comfortable with the “baton rightly pass[ing] to our colleagues on our left. We are still here, but it
- Published in Blog, Economy & Growth, Politics
Why This Matters: Workers Pay for the ‘Free-Market’ Economy Myth
Corporate profits are at record highs and unemployment is below 5 percent, yet 40 percent of Americans say that they would not be able to meet a $400 emergency. For too long we’ve been guided by the 50-year-old myth that fewer regulations and lower taxes on corporations and the wealthy will lead to economic growth
- Published in Blog, Economic Inclusion, Economy & Growth, Finance & Wealth, Politics
Rejecting the Theory of the Firm: Why the ‘Free-Market’ Economy is a Myth and How to Rebuild Public Power
Companies today are not working the way that most Americans, policymakers, or the media think that they do. To fight inequality, we need to rewrite the laws that guide corporations. We must first, however, change the way that people understand the role of the American firm in our economy and explore how we can deploy
- Published in Brief, Economic Inclusion, Economy & Growth, Finance & Wealth, Publications
A Proposal to Enhance Antitrust Protection Against Labor Market Monopsony
The United States has a labor monopsony problem. Though legal tools are already in place to combat monopsony, they have only been used against the most obvious forms of anticompetitive conduct like no-poaching agreements. More generally, there has been virtually no enforcement against abuses of monopsony power in labor markets. In a Roosevelt Institute working
- Published in Brief, Economy & Growth, Publications