Ezra Klein Archive: Economy
How Grover Norquist makes the case for tax increases
In our interview yesterday, Grover Norquist argued that Republicans shouldn’t strike deficit deals with Democrats because the spending cuts never stick but the tax increases always do. I don’t really buy it, but looking at Naftali Bendavid’s description of the deal being developed in the Senate makes me a bit more sympathetic.
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Ezra Klein
| March 10, 2011; 3:18 PM ET |
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Congress, Democrats, Economy, Republicans
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Will we kill the recovery?
There are economic risks we can’t easily control: an oil spike due to instability in the Middle East, say, or the bubble that is China’s real estate market bursting. There are policies we can put in place to mitigate these risks or respond to their aftermath, but we can’t totally eliminate them. The same can’t be said for the risk of prematurely slashing federal spending, which is playing a crucial role propping up economic demand, or keeping monetary policy too tight.
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Ezra Klein
| March 9, 2011; 11:38 AM ET |
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Economy
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Who is holding the economy back?
Grim GDP news today: We'd thought GDP grew in the fourth quarter of 2010 by 3.2 percent. We were wrong. According to the released today by the Commerce Department, growth was closer to 2.8 percent. That's not nearly enough to put a dent in unemployment.
By
Ezra Klein
| February 25, 2011; 9:40 AM ET |
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Economy
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Unemployed public workers are bad for the economy
David Leonhardt posted the chart above to prove that there hasn't been a surge in government hiring, and he's right. But I also think the chart above speaks to what's driving the events in Wisconsin: a perception that people...
By
Ezra Klein
| February 24, 2011; 2:22 PM ET |
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Economy
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The hollowing of the middle in one graph
Gallup has new data out measuring the change in unemployment over the last year for workers with different levels of education. What you'll notice in the graph is that the number of jobs created has nothing to do with the...
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Ezra Klein
| February 16, 2011; 3:17 PM ET |
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Categories:
Charts and Graphs, Economy
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How to think about rebuilding the middle class
The demise of our middle class might be the most compelling problem in U.S. economics. It lives at the heart of our debates about income inequality, U.S. competitiveness, tax policy, Social Security and so much more. Each of these debates...
By
Derek Thompson
| February 3, 2011; 10:00 AM ET |
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Economy
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