Why tax cuts don’t spur economic growth on January 29, 2018In decades past, there was bipartisan support for policies that laid the basis for a long period of broadly shared prosperity. Unfortunately, this consensus seems to have been replaced by the narrow-minded greed of the very rich and, insofar as they can continue to get their way, the story is not likely to end well. […]
A tax on Wall Street trading is the best solution to income inequality on June 5, 2017In the years since the 2008 economic crisis, financial transactions taxes (FTTs) have gone from a fringe idea to a policy that is in mainstream policy debates. They are seen as a way to both raise large amounts of money and to slow the pace of churning in financial markets. For this reason, most progressive […]
What Trump’s idea to break up the big banks could mean to average Americans on May 15, 2017President Donald Trump and his top advisors have raised the possibility of breaking up the big banks and reinstating the Depression-era Glass-Steagall legislation that separated commercial banking from investment banking. Such a break up would, in principle, prevent Americans from being held hostage in a financial crisis, when they are told that the economy’s health […]