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31 items by Jared Bernstein

  • The Price of Inequality: Interview With Joseph E. Stiglitz

    The Price of Inequality: Interview With Joseph E. Stiglitz | BLOG ENTRY

    Joe Stiglitz, Nobel Laureate economist, is uniquely qualified to explain how the economy really works, or more precisely, how and why it’s working far better for the top 1 percent than the bottom 99 percent.  That’s the...

    June 25, 2012 12:40 PM ET
  • What Part of 'Austerity Isn't Working' Don't People Get?

    What Part of 'Austerity Isn't Working' Don't People Get? | BLOG ENTRY

    As I prepared for a talk on austerity last week, I found myself a bit stuck.  What can you say other than that it’s very clearly not working, nor should we expect it to, nor has it...

    June 18, 2012 1:25 PM ET
  • Why Obama's Deportation Shift Is Good Policy

    Why Obama's Deportation Shift Is Good Policy | BLOG ENTRY

    Hundreds of thousands of illegal immigrants who came to the U.S. as children are safe from deportation and can apply for work permits under a new policy announced by the president this morning. I like this policy. Key to...

    June 15, 2012 2:58 PM ET
  • We Can Tame the Debt Without Breaking Medicare, Medicaid and Social Security

    We Can Tame the Debt Without Breaking Medicare, Medicaid and Social Security | BLOG ENTRY

    It's conventional wisdom among everyone from Republicans (and too many Democrats) in congress to the Washington Post editorial page to members of blue-ribbon committees (cf., Bowles/Simpson) that, thanks to our huge and all-devouring national debt, we...

    June 7, 2012 1:15 PM ET
  • Another Lousy Jobs Report Points to Need for More Stimulus

    Another Lousy Jobs Report Points to Need for More Stimulus | BLOG ENTRY

    The Bureau of Labor Statistics just released the employment and unemployment results for May and the picture ain't pretty: the pace of job creation has once again slowed significantly. Job growth for May came...

    June 1, 2012 12:55 PM ET
  • Why Obama Is No Big Spender

    Why Obama Is No Big Spender | BLOG ENTRY

    To the list of things that everyone knows is true … except for they’re not, add this one: President Obama’s been a big, huge, spender.  His profligate spending, as Gov Romney puts it, created a "prairie fire...

    May 31, 2012 10:55 AM ET
  • Democrats About to Give Away the Store on Bush Tax Cuts. Seriously??

    Democrats About to Give Away the Store on Bush Tax Cuts. Seriously?? | BLOG ENTRY

    Whenever I do anything my 12-year old daughter finds embarrassing – which is pretty much whenever I do anything—she says, "Really, Dad?  Seriously??" That was pretty much my reaction to House minority leader Rep Nancy Pelosi’s...

    May 24, 2012 9:25 AM ET
  • What a Scam: Poor Kids' Money Snatched by Private Schools!

    What a Scam: Poor Kids' Money Snatched by Private Schools! | BLOG ENTRY

    Read this (i.e., unless you’re the Hulk – saw The Avengers last weekend, and you don’t want Bruce Banner getting all riled up).  It’s more top-notch muckraking from the New York Times, this time exposing clear abuse...

    May 23, 2012 10:11 AM ET
  • How Financial Reform Saved JPMorgan - and the U.S. Taxpayer

    How Financial Reform Saved JPMorgan - and the U.S. Taxpayer | BLOG ENTRY

    I was debating someone earlier who took the following position:"All this uproar around JPMorgan’s big loss is unwarranted.  Sure, investors lost a bunch of money on a bad, sloppily-managed bet.  But that’s the point: investors,...

    May 18, 2012 3:17 PM ET
  • Bill Clinton: How to Tame the Debt Without Screwing the Poor and Middle Class

    Bill Clinton: How to Tame the Debt Without Screwing the Poor and Middle Class | BLOG ENTRY

    Go ahead and sue me, but I really like listening to Bill Clinton. The former president sat down for an interview with Tom Brokaw yesterday at a conference in Washington D.C., and was the voice of...

    May 16, 2012 2:03 PM ET
  • The Jobs Report: More Evidence Austerity Doesn't Work

    The Jobs Report: More Evidence Austerity Doesn't Work | BLOG ENTRY

    This just in: AUSTERITY DOESN’T WORK!It doesn’t work here, it doesn’t work in Europe, it doesn’t work for state and local governments.  I’m tempted to ask how many data points we need to recognize this...

    May 4, 2012 2:17 PM ET
  • Straight Talk on Social Security

    Straight Talk on Social Security | BLOG ENTRY

    Here’s what Social Security is not: • going broke;• a Ponzi scheme;• expected to stop paying out benefits in your lifetime;• bankrupting our nation or future generations. Here’s what Social Security is:• a critical...

    April 27, 2012 5:30 PM ET
  • What a Fair Tax System Looks Like

    What a Fair Tax System Looks Like | BLOG ENTRY

    This being tax day, “What’s fair?” seems like an excellent question, especially given how often the concept of “fairness” has been thrown around in discussions of Obama’s proposed “Buffett rule.” (The president says it’s unfair that...

    April 17, 2012 2:15 PM ET
  • Why We Need a 'Buffett Rule' (For Now)

    Why We Need a 'Buffett Rule' (For Now) | BLOG ENTRY

    Face it, America.  We’ve got an overly complex, unfair, inefficient federal tax code.  It’s riddled with loopholes, it’s opaque and confusing, it’s less progressive than it used to be, and it doesn’t raise enough revenue to pay...

    April 10, 2012 5:20 PM ET
  • Jobs Story: Why the Trend is Your Friend

    Jobs Story: Why the Trend is Your Friend | BLOG ENTRY

    Down here in D.C., all across the financial markets, and in newsrooms, if not living rooms, across the country, the big topic on the first Friday of the month is the jobs report.  This morning, the Bureau...

    April 6, 2012 3:26 PM ET
  • Obama and GOP Offer Two Visions of America: 'We're in It Together' vs. 'You're on Your Own'

    Obama and GOP Offer Two Visions of America: 'We're in It Together' vs. 'You're on Your Own' | BLOG ENTRY

    Rep. Paul Ryan did the world a favor by not trying to hide the ball with his budget—now adopted by House Republicans and endorsed by Gov. Romney.  Its vision for America is clear, a vision that...

    April 4, 2012 12:06 PM ET
  • The D.C. Dodge: Tax Reform You Buy Now, Pay For Later - Or Never

    The D.C. Dodge: Tax Reform You Buy Now, Pay For Later - Or Never | BLOG ENTRY

    I call it the D.C. Dodge.  To understand what it is, you need to grasp two things.  The first is so-called "tax expenditures." Each year, the U.S. Treasury foregoes over $1 trillion in revenues through credits, deductions and...

    March 28, 2012 12:50 PM ET
  • Ryan's Radical Budget: The Triumph of 'You're on Your Own' Economics

    Ryan's Radical Budget: The Triumph of 'You're on Your Own' Economics | BLOG ENTRY

    Yesterday, Rep. Paul Ryan of Wisconsin and his House Republican colleagues released their budget.  What follows is an overview of what’s in there, but I suppose, as much as I’d like you — need you! –...

    March 21, 2012 9:40 AM ET
  • Why Budget Cuts and Global Warming Don't Mix

    Why Budget Cuts and Global Warming Don't Mix | BLOG ENTRY

    Sometimes you stumble on a case where politics, ideology, and reality collide in a way that provides you with a strikingly clear view of the contradictions that threaten America today. This morning’s Washington Post described a situation...

    March 19, 2012 4:19 PM ET
  • Stress Tests You Haven't Read About

    Stress Tests You Haven't Read About | BLOG ENTRY

    As reported this week by the New York Times, most of the big banks passed the so-called "stress tests" administered to them by the Federal Reserve. Developed in the wake of the financial crisis, the examination is...

    March 15, 2012 5:43 PM ET
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