What are the contradictory trends and policy choices? And does the Inflation Reduction Act live up to its name?
unemployment
Posted inTAP
The Fed Is a One-Trick Pony
Today on TAP: And hiking interest rates when real wages lag far behind inflation is a dirty trick.
Posted inPolitics
‘Moderate’ Democrats Are Anything But
Politicians genuinely aiming to represent the center of American politics would not block policies that poll over 90 percent approval, as today’s ‘moderates’ have done.
Posted inTAP
Latest Jobs Report Shames the Inflation Hawks
Today on TAP: Wage growth continues to decelerate. Contrary to Larry Summers et al., wages are not driving price increases.
Posted inTAP
Deflating Larry Summers
Today on TAP: Once again, he doesn’t check his facts and gets inflation wrong.
Posted inEconomic Policy
Economic Stimulus Works
Obama’s undersized stimulus in 2009 doomed America to an economic lost decade.
Posted inPolitics
The Accidental Revolution
Democrats got one thing right—the American Rescue Plan. It might just realign U.S. politics.
Posted inEconomic Policy
Interest Rate Hikes Aren’t a Solution for Supply Shocks
Policymakers are employing the wrong tools for the current circumstances.
Posted inTAP
Don’t Blame Wages for Inflation
Today on TAP: Workers are at last beginning to get what’s owed them. The sources of price hikes are elsewhere.
Posted inTAP
Windfalls for Regular People
Today on TAP: As banks and corporations made fortunes from the pandemic, some workers accidentally got too much unemployment comp. Until we enact an excess profits tax, let them keep it!