Published Articles

With inequality now a front-page issue, the stats that measure inequality have taken on a new importance. And no inequality stat has a longer pedigree – or more confusion surrounding it – than the ‘Gini coefficient.’ READ MORE

February 14, 2012

It may be difficult to face facts in an election year, but the fact is that Social Security retirement benefits are just too low. READ MORE

February 13, 2012

It’s time to tax and spend our way out of the recession. Tax and spend – these three words are now the key to economic recovery in America’s Realonomy. READ MORE

February 9, 2012

It’s only the Plutonomy that’s growing like crazy while the Realonomy has been in recession since 1999. It’s government’s job to redirect some of that growth to the other 99 percent. READ MORE

February 3, 2012

Federal workers live in the Realonomy with the rest of us, not in the Plutonomy of the bankers and executives. How outrageous are the bonuses for federal workers really? READ MORE

February 2, 2012

The “skills premium argument” suggests that executives tend to be highly intelligent and highly skilled. It’s just a coincidence that they believe that their own high salaries are the inevitable result. However, it has turned out that this argument is wrong and that top pay is a symptom of market failure. READ MORE

January 30, 2012

The intergenerational stickiness in income is around 60 percent. In other words, over half of a person’s economic status in life is predetermined at birth. Government can and should be part of the solution to promote upward mobility. READ MORE

January 30, 2012

We are cutting our way from a recession into a depression. Now is the time for government action to prevent a new downturn. READ MORE

January 27, 2012