What happened to the global economy and what we can do about it
02 февраля, 16:00

Hey Democrats, the Problem Isn’t Jobs and Growth

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It’s inequality. By James Kwak This American Life‘s forays into politics and economics are generally less satisfying than their ordinary storytelling fare. That’s especially true when they try to answer some specific question, like “What is wrong with the Democratic … Continue reading →

09 октября 2017, 15:48

Tax Rates and Entrepreneurship

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By James Kwak My friend and co-founder Marcus Ryu wrote an op-ed in the Times today. Here’s how it begins: The tax cut framework recently put forward by President Trump relies on a central claim: that reducing taxes on corporations … Continue reading →

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28 июня 2017, 17:28

A New Economic Vision, in 27 Words

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By James Kwak A couple of weeks ago I posted a 6,000-word essay laying out a new economic vision for the Democratic Party. It kind of vanished into the ether, although Stephen Metcalf was kind enough to say this: Reupping. … Continue reading →

15 июня 2017, 15:30

The Importance of Fairness: A New Economic Vision for the Democratic Party

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By James Kwak A lot has been written recently about the direction of the Democratic Party. This is what I think. I have been a Democrat my entire life. Today, the Democratic Party matters more than ever because it is … Continue reading →

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31 мая 2017, 18:03

Economism and Arbitration Clauses

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By James Kwak As banking scandals go, Wells Fargo opening millions of new accounts for existing customers so that it could pump up its cross-selling metrics for investors is about as clear-cut as it gets. It’s up there with HSBC … Continue reading →

25 мая 2017, 22:16

How Markets Work

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By James Kwak The Congressional Budget Office’s assessment of the Republican health care plan, as passed in the House, is out. The bottom line is that many more people will lack health coverage than under current law—23 million by 2026—even though … Continue reading →

22 мая 2017, 20:15

Fees Add Up

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By James Kwak Public pension funds are having a tough time. On the one hand, the average funding ratio (assets as a percentage of the present value of future obligations) is below 80% because of inadequate contributions by sponsors (states and … Continue reading →

07 марта 2017, 18:28

Soak the Poor, Feed the Rich

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By James Kwak After the dangerous clown show that has been the Trump White House, it’s comforting to return to some good, old-fashioned conservative policymaking: bashing the poor to cut taxes on the rich. I’m talking, of course, about the … Continue reading →

06 марта 2017, 04:47

Review Copies of Economism

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By James Kwak If you teach introductory economics or introductory micro, at either the high school or university level, and you’re interested in possibly using Economism in your class, let me know and I’ll send you a (free) review copy. Just email … Continue reading →

30 января 2017, 15:43

Why Is Connecticut Giving Its Employees’ Money to the Asset Management Industry?

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By James Kwak In general, the State of Connecticut offers pretty good defined contribution retirement plans to its employees. Most importantly, it offers several low-cost index funds in institutional share classes. For example, you can invest in the Vanguard Institutional … Continue reading →

27 января 2017, 23:39

The Right to Have Rights

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By James Kwak There’s a story you hear often these days. The story is that America has too many lawsuits: too many lawyers, too many people filing frivolous suits, too many excessive damages awards by juries, and so on. This story is the … Continue reading →

24 января 2017, 20:12

Economism and Economics

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By James Kwak One point I try to be clear about in my new book is that economism—the assumption that simple Economics 101 models accurately describe the real world—is not the same as economics. There are people who think that … Continue reading →