July 21, 2023 | The Sling
The Inane Indignation Around Sellers’ Inflation
Conventional economists have been bristling about sellers’ inflation being presented as an alternative to the more staid explanation of a wage-price spiral (we’ll come back to that), but in recent months there have been extremely aggressive (and often condescending, self-important, and factually incorrect) attacks on the idea and its proponents. Despite this, sellers’ inflation really is not that far from a lot of long standing economic theory, and the idea is grounded in key assumptions about firm behavior that are deeply held across most economic models.
July 07, 2023 | Revolving Door Project Newsletter
The Supreme Legislature…Err…Court: It’s Getting Harder to Tell the Difference
July 05, 2023
Calling for a Corporate Crackdown, Not Lukewarm Apologism
With smog from fossil-fueled wildfires hanging in the Chicago air, Biden shared an underwhelming vision of corporate accountability as part of his “Bidenomics” platform.
June 09, 2023
Hack Watch: End Crypto’s Presumption Of Legitimacy and Other Quick Hits
It’s Time That The Media Accept What Even Wall Street And Venture Capitalists Have – Crypto Is One Massive Grift. Those Involved With It Should Be Treated Accordingly.
June 02, 2023
Hack Watch: Larry Summers Thinks Starving Older Americans Serves A "Useful Function"
Summers’ evaluation of the deal President Biden struck with House Speaker McCarthy includes tepid support for work requirements.
May 30, 2023
Being A Board Member Is Hard, Just Ask Larry Summers
Former Secretary of the Treasury Larry Summers recently learned that making business decisions can be hard even if you’re an economist. Or, alternatively, Summers has again proven to be a real-life embodiment of an economic “rational individual;” willing to do whatever maximizes his personal interests, regardless of broader consequences. If true, this further demonstrates why the press needs to end their reliance on Summers for economic speculation – because his judgment is for sale.
May 27, 2023 | Common Dreams
Three Things the Media Misses When Discussing the Debt Ceiling
Spending cuts aren’t minor, caps ignore inflation, and President Biden isn’t helpless.
May 26, 2023 | Revolving Door Project Newsletter
Hack Watch: Everyone’s So Worried About The President Getting Sued About the Debt Ceiling, No One Seems to Have Noticed He Already Was
April 17, 2023 | RDP Newsletter
Is Larry Summers Exempt From Editors' Notes?
March 27, 2023 | The American Prospect
The SVB Collapse Reveals the Class Bias in American Policymaking
When bankers blow their businesses up, it’s no-questions-asked bailout time. When student borrowers need relief, not so much.
March 17, 2023 | RDP Newsletter
Hack Watch: Two Percent Is Just A Number
There’s nothing special about the Fed’s target inflation rate
March 02, 2023
Workers Beware: Biden’s Potential Fed Pick Prescribes Unemployment & Reduced Social Security Benefits
Karen Dynan has been reported as one of a few economists on Biden’s shortlist to replace Lael Brainard on the Federal Reserve Board of Governors. While her proponents have highlighted the Harvard-trained economist’s perfect centrist resume, her recent statements on how best to tackle inflation should concern workers and their allies. And this blithe analysis concerning unemployment should come as no surprise – Dynan, like Biden’s foils in the GOP, believes cuts to Social Security benefits are likely.
