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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.

By Ezra Klein  | March 10, 2011; 3:18 PM ET  |  Permalink  |  Comments (14)
Categories:  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.

By Ezra Klein  | March 9, 2011; 11:38 AM ET  |  Permalink  |  Comments (33)
Categories:  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  |  Permalink  |  Comments (76)
Categories:  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  |  Permalink  |  Comments (29)
Categories:  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...

By Ezra Klein  | February 16, 2011; 3:17 PM ET  |  Permalink  |  Comments (10)
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  |  Permalink  |  Comments (9)
Categories:  Economy  
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Older Entries in This Category »

Good news and bad news on GDP, Ezra Klein , January 28, 2011
Too young not to work, too old to get a job, Ezra Klein , January 28, 2011
Can we win the future if we lose the present?, Ezra Klein , January 26, 2011
Are employers getting ready to hire?, Ezra Klein , January 11, 2011
Paragraphs that scare me, Ezra Klein , January 3, 2011
The 2010 labor market in one graph, Ezra Klein , December 29, 2010
Overspent?, Karl Smith , November 4, 2010
Column: An ugly word for an ugly economy, Ezra Klein , October 11, 2010
What does 64,000 jobs mean?, Ezra Klein , October 8, 2010
Welcome to the anti-stimulus, Ezra Klein , October 8, 2010
Only 9% of America's companies are innovating, Ezra Klein , October 6, 2010
The output gap in two graphs, Ezra Klein , October 5, 2010
The poverty numbers you should worry about, Ezra Klein , September 16, 2010
Our not-so-jobless recovery?, Ezra Klein , September 14, 2010
Where the job losses are in one graph, Ezra Klein , September 1, 2010
The benefits of a college degree in one graph, Ezra Klein , August 11, 2010
Business confidence, Ezra Klein , August 3, 2010
The Great Stagnation continues, Ezra Klein , August 2, 2010
What will 2.95 million jobs get you?, Ezra Klein , July 16, 2010
Abandoning the long-term unemployed, Ezra Klein , July 13, 2010
The confidence game, Ezra Klein , July 7, 2010
No country for old workers, Ezra Klein , June 17, 2010
Inequality back at record highs, Ezra Klein , June 11, 2010
On jobs, watch the trend, Ezra Klein , June 4, 2010
Long-term unemployment, Ezra Klein , June 3, 2010
The unemployment crisis by education, Washington Post Editors , June 1, 2010
Why did the Dow just lose 1,000 points?, Ezra Klein , May 6, 2010
Can Greece be more like California?, Ezra Klein , May 3, 2010
It's the demand, stupid, Ezra Klein , April 19, 2010
Economists split over inflation, Ezra Klein , April 16, 2010
A fast recovery? Or a slow one?, Ezra Klein , April 14, 2010
Larry Mishel: The recession is not over, Ezra Klein , April 13, 2010
Are happy times here again?, Ezra Klein , April 12, 2010
The unemployment rate and November, Ezra Klein , April 8, 2010
Consumer financial protection, Texas-style, Washington Post editor , April 1, 2010
Businesses doing more with less, Ezra Klein , March 31, 2010
Is the market worried about inflation?, Ezra Klein , March 29, 2010
There is no inflation, Ezra Klein , February 23, 2010
GDP on the rise, Ezra Klein , January 29, 2010
The power of growth, Ezra Klein , January 5, 2010
The awful aughts, Ezra Klein , December 28, 2009
Last quarter not as grow-y as we thought, Ezra Klein , December 22, 2009
Did Clinton have it easy?, Ezra Klein , December 11, 2009
Adverse selection in the credit card market?, Ezra Klein , November 10, 2009
Recession Graphs, Ezra Klein , October 12, 2009
The End of the Man-Cession, Ezra Klein , October 8, 2009
Is the Jobs Picture Worse Than We Thought?, Ezra Klein , October 5, 2009
The Personal, Unfair Recession, Ezra Klein , September 30, 2009
Department of Corrections, Ezra Klein , September 11, 2009
Why Does the Government Hate Renters?, Ezra Klein , September 9, 2009
Back-to-School Disappointment, Ezra Klein , September 2, 2009
July's Happy Job Numbers, Ezra Klein , August 7, 2009
Worth Thinking About, Ezra Klein , July 10, 2009
WWVS (What Would Veblen Say?), Ezra Klein , July 8, 2009
The Lost Decade, Ezra Klein , June 24, 2009
 
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