Joe Stiglitz had an Opionator piece in the NYT arguing that inequality was bad for growth. Krugman responded by taking issue with a couple of the points raised by Stiglitz: that upward redistribution of income leads to fiscal problems and that upward redistribution of income leads to stagnation.
|By: Dean Baker Monday January 21, 2013 11:05 am|
|By: Scarecrow Wednesday June 6, 2012 11:29 am|
Science fiction writer Ray Bradbury died on Tuesday at the age of 91. I thought we might honor Bradbury’s life and work by passing on a few ideas that are worth preserving as we ponder the meaning of Wisconsin and mourn America’s descent into union bashing and income inequality, enforced by secrecy, propaganda and protected financial looting.
|By: Scarecrow Friday July 29, 2011 1:12 pm|
Whatever S&P’s agenda, it has nothing to do with avoiding default risks or putting the US on sound fiscal footing. It’s time the media and Congress started asking them what their political agenda is and whom it serves.
|By: emptywheel Thursday May 19, 2011 6:10 am|
Jared Bernstein’s new blog reads like the exploding diarrhea of common sense ideas that were quashed within the Obama White House.