It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest.” —Adam Smith, The Wealth of Nations
It seems that social distancing is the primary strategy for slowing the propagation rate of COVID-19. But does it work?
By James Kwak The airline industry is trying to hold up the federal government for $29 billion in grants and another $29 billion in loans. They threaten that if they don’t get the grants they will lay off employees, and that if they don’t get the loans they will use their remaining cash on dividends … Continue reading COVID-19: Not One Penny →
Our business and household sectors are losing lots of money every day, and will continue to lose money for the foreseeable future. People no longer spend money at restaurants. Restaurant owners can no longer pay the rent or pay back their business loans. Restaurants fire their workers, who lose their paychecks and … Continue reading COVID-19: Who Bears the Losses? →
James Kwak talks about what’s wrong with economics.
The Democratic Party is at a crossroads. On a host of issues, it is clear what we stand for but…
Today’s installment of my new book, Take Back Our Party, evaluates the quarter-century reign of the Clinton-Obama axis over Democratic economic policy. (Chapter 1, if you missed it, is a historical account of the rise of the New … Continue reading →
This American Life‘s forays into politics and economics are generally less satisfying than their ordinary storytelling fare. That’s especially true when they try to answer some specific question, like “What is wrong with the Democratic Party.
My friend and co-founder Marcus Ryu wrote an op-ed in the Times today. Here’s how it begins: The tax cut framework recently put forward by President Trump relies on a central claim: that reducing taxes on corporations
A lot has been written recently about the direction of the Democratic Party. This is what I think.