The UMass professor details a reduction in wage inequality unseen in the U.S. in half a century.
inflation
Posted inEconomic Policy
A Moral Theory for Why People Don’t Like Bidenomics
Evidence suggests that people simply hate inflation as such. Luckily, it is coming down fast.
Posted inEconomic Policy
The Case for Interest Rate Cuts
The Federal Reserve won’t talk about it. A new study shows why they must.
Posted inPolitics
Are the Democrats Sleepwalking to Disaster?
Joe Biden has been an excellent president, but is also, I fear, the candidate least able to defeat Donald Trump. Other Democrats need to enter the race.
Posted inTAP
Biden, the Economy, and the Election
Today on TAP: It’s grossly unfair, but don’t look to the good economy to improve Biden’s re-election chances.
Posted inEnergy and the Environment
How Larry Summers’s Bad Predictions Hurt the Planet
The clean-energy transition is faltering because of unexpectedly high interest rates, which Summers’s demands to slow down the economy helped usher in.
Posted inPolitics
The 2023 Elections Are Over. 2024 Will Be Different.
Democrats used to be the party with drop-off voters. That has flipped.
Posted inEconomic Policy
Why the Full Employment Created by Bidenomics Should Be Celebrated
The economy has many problems. But the labor market hasn’t been doing this well in many decades.
Posted inTAP
Does Jay Powell Want to Elect Trump?
Today on TAP: Most of the sources of inflation are either the result of the Fed’s own policy, or have nothing to do with domestic demand, such as the rising price of oil.