In the postwar era, the consensus among both Republican and Democratic administrations has been that, except during recessions, the federal government ought to aim to run a surplus, Brad DeLong writes in a new column for Project Syndicate (via Mark Thoma). (Things didn’t work out so well in the Reagan years, but few Reagan advisers [...]
My friend Marc Gunther, a writer for Fortune and author of the book Faith and Fortune: How Compassionate Capitalism is Transforming American Business took a look at my Q&A with John Mackey of Whole Foods and Kip Tindell of the Container Store and had this to say in an e-mail: To me the most interesting [...]
A story I wrote about how gentrification does not drive low-income minorities from their neighborhoods went up on Time.com over the weekend. It starts: People tend to think gentrification goes like this: rich, educated white people move into a low-income minority neighborhood and drive out its original residents, who can no longer afford to live [...]
One of the more interesting developments in the U.S. economy over the past few decades has been the dramatic rise in incomes at the very top of the scale. There’s all sorts of anecdotal evidence for this, from spectacular paydays of hedge fund managers to the sharp rise in entrance requirements for the Forbes 400 [...]
