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After scribbling about economic policy here for a few years, I'm signing off to try to put it all into practice. → Read More
The economic constraint is not scarcity of resources. It’s scarcity of bold ideas and the political will to bring them to fruition. → Read More
Low real interest rates in tandem with critical needs make this a good time to use fiscal policy to meet pressing economic needs. → Read More
Consumer spending was supported by government transfers and savings, but they’re fading and the economy is downshifting. What happens next is up to us. → Read More
If conservatives ignore fiscal austerity when they’re in power but Democrats embrace it when they take control, then conservatives will consistently meet the demands of their constituents while Democrats consistently fail to do so. → Read More
President Trump waged a trade war and lost. → Read More
The bad news: There are four reasons the U.S. economy just downshifted. The good news: Public policy can repair the damage. → Read More
New studies find that Biden’s economic plans beat Trump’s in terms of jobs and growth. That’s because it takes policy to get to full employment. → Read More
Trump administration actions against the Affordable Care Act have cost millions their health coverage. → Read More
For the first time in 160 years, the Republican Party failed to produce a policy platform. Big mistake, especially in 2020. → Read More
Thirty million households didn’t have enough food in the last week. Only the Fed has acted forcefully. → Read More
When families desperately need help, President Trump’s mortgage regulator decided to take cash out of their pockets. → Read More
The goal of this administration has never been to solve problems. It has been to use its prodigious reality-bending skills to create the impression that problems are being solved. → Read More
We need a federal government that reduces, not amplifies, uncertainty. → Read More
Here's how Trump plans to try to hide the fact that his response to the virus has been a disaster. We must not let him get away with it. → Read More
The public debt will be historically high on the other side of the crisis. Democrats must not let that fact block their progressive agenda. → Read More
Our failure to control the virus is squandering the time we bought with our robust economic response. → Read More
It is essential to recognize the many ways in which structural racism and inequality are playing out in the crisis. → Read More
The virus is teaching us that markets fail, capitalism depends on functional governance, we must pool risks and reality matters. → Read More
Congress and the Trump administration have legislated important measures to help the millions hurt by this crisis. But so far, health coverage has gotten short shrift. → Read More