Published Articles

As the world struggles with economic challenges, governments everywhere are cutting back on services and seeking new forms of revenue. One of the most talked about new ideas for raising revenue is the financial transactions tax (FTT). READ MORE

July 10, 2012

Real national income has grown in every quarter since July 2009. The problem isn’t a lack of growth. The problem is where that growth is going. READ MORE

July 10, 2012

America has finally started talking about a financial transactions tax on Wall Street. But in the post- Citizens United era of unlimited corporate campaign spending, expect corporate dollars to trump the public good. READ MORE

July 3, 2012

For roughly 300 million Americans, our new century has brought only income stagnation. But for 30,000 very wealthy Americans, the century has brought consistently rising incomes beyond the dreams of previous generations. READ MORE

June 28, 2012

The goal of a Tobin tax on financial transactions is not to take from the rich and give to the poor. It’s to prevent the rich from destroying the economy for the rest of us. READ MORE

June 27, 2012

Median household income fell more than 6% in the last decade, yet national income per household grew 6%. Where did all that money go? READ MORE

June 27, 2012

Austerity is going to make Greece a cheap place to visit once the protests die down, and backpacker adventure tourists will make Greece a cooler destination than ever. But for most people, it’s much better to live in a rich social democracy than in a cool adventure tourism destination. READ MORE

June 22, 2012

Government can and should promote greater social mobility. However, like all good things, mobility comes at a price. READ MORE

June 11, 2012