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Tag Archives: income inequality
FT: Obamanomics Failed, but Don’t Blame Obama
In a Financial Times column titled “The riddle of black America’s rising woes,” Edward Luce spins a convoluted alibi to absolve Barack Obama of his egregious policy failures. He may have been President for the past six years, and Democrats … Continue reading
Posted in Uncategorized
Tagged financial times, income inequality, median income, Obamanomics, poor blacks, Poverty, Tea Party
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The Poverty and Inequality Party
Between 2001 and 2008 it was impossible to discuss economic issues with a liberal without getting a stentorious sermon about the evils of the “Bush tax cuts for the rich” and the resulting surge in income inequality. Now the Bush … Continue reading
The Digital Revolution vs. the Industrial Revolutions
Lately economists have been comparing today’s digital revolution to the first industrial revolution (1790-1860) and the second (1870-1930). This granular, micro-economic analysis is a welcome respite from the absurdly abstract macro parlor games played by Keynesians and their adversaries. Three … Continue reading
Revolt Against the Elites
Something big and fundamental is happening in America—a broad-based revolt of ordinary citizens against Washington elites, left and right. Elite arrogance and ineptitude across a multiplicity of issues has provoked the unwashed masses beyond the Beltway. Let us count the … Continue reading
Implications of a Part-Time America
Economists are slowly, belatedly noticing how Obamacare will shift the U.S. labor force toward part-time work, something I have been writing about for a few years. The obvious avenue is the 50/30 rule–employers must provide insurance if they employ 50 … Continue reading
Posted in Uncategorized
Tagged income inequality, labor force growth, Obamacare, part-time employment, social mobility
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It’s Time to Address Climate Change, Governor Cuomo
In an October 31 media briefing on Hurricane Sandy, New York Governor Andrew Cuomo linked the storm to climate change: “For us to say this is once-in-a-generation, that it’s not going to happen again, as elected officials that would be … Continue reading
Posted in Uncategorized
Tagged climate change, energy, income inequality, wage stagnation
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