Robert Kuttner

Robert Kuttner is co-founder and co-editor of The American Prospect, as well as a distinguished senior fellow of the think tank Demos. He was a longtime columnist for Business Week and continues to write columns in The Boston Globe. He is the author of Obama's Challenge and other books.

Recent Articles

David Brooks’s Worst Column Ever

Well, this is getting to be a habit. Alert readers may recall that a few weeks ago, I wrote a piece about Tom Friedman’s worst column ever, plugging efforts by a billionaire hedge fund friend to persuade college students that their enemy was Social Security. 

Now, Friedman’s colleague David Brooks has written an even worse column. It’s really hard to determine Brooks’ worst column ever, since he seems to turn out one every week. 

The Fed Transformed

AP Images/Charles Dharapak

It is a small miracle that on February 1, Janet Yellen will become chair of the Federal Reserve. She is not just the first woman to head America’s central bank but the first labor economist. While the Fed is ordinarily obsessed with inflation, Yellen has given equal or greater emphasis to unemployment. Yellen represents a break with the Wall Street–friendly senior Obama economic officials who promoted their former colleague Larry Summers for chair. Had Summers gotten the post, the Fed and Treasury would both have been in the hands of the same old boys’ club that coddled the big banks before and after the financial collapse of 2008. That the job went instead to Yellen means the Fed will be an independent power center, and somewhat to the left of the administration. With a four-year term as chair, Yellen will serve at least two years into the next presidency as well.

A Dubious Budget Deal

The years of Republican obstructionism and the corporate campaign for deficit reduction have taken such a toll that merely the fact of getting a budget deal at all looks like a great achievement. This one is better than continued impasse, but the deal itself is a stinker.

Representative Raul Grijanva, co-chair of the House progressive caucus, put it well: “I feel like punching myself in the face, but I’ll vote yes.”

Peter B. Lewis: An Original

AP Images/TONY DEJAK

Peter B. Lewis died suddenly of a heart attack on Saturday at the age of 80. A billionaire chief executive of the Progressive Insurance Company, Peter was a true progressive in his values and his deeds. After his father’s death, Peter and his mother took charge of the company. He became chief executive in his early 1930s and built Progressive from a small 100-employee company into America’s fourth-largest auto insurer, with $17 billion in premiums and 26,000 employees. He expanded his market by insuring high-risk customers, deliberately offering price comparisons with competitors, and setting claims promptly. He led Progressive with exemplary transparency.

Krugman Boots One

Paul Krugman has played an indispensable role challenging the conventional wisdom in the financial crisis and the slump that followed. He has been proven right again and again, in his brilliant debunking of austerity as the cure for recession.

Therefore, it was astonishing to read a rare, truly wrongheaded Krugman column in Monday’s New York Times. The offending column is titled “A Permanent Slump?”

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