Published Articles

The reality is that High Occupancy Toll (HOT) lanes are exclusive – by design. If the so-called “Lexus Lanes” weren’t exclusive, they wouldn’t be hot. READ MORE

October 30, 2012

For the past forty years American men’s incomes have stagnated, but women’s wages have risen. Unfortunately, the years of catch-up are now over. We need policies to raise wages for everyone. READ MORE

October 26, 2012

Differences in the ways people live are only partly determined by income. They’re also determined by the levels of government services provided to everyone. READ MORE

October 22, 2012

Entrepreneurs do create new value in the world and keep some portion of that value as a reward for their originality, risk-taking and hard work. But the Romneys are not entrepreneurs: They are rentiers – people “who siphon off wealth created elsewhere in the economy.” READ MORE

October 19, 2012

One year ago I published an article in Foreign Affairs magazine predicting that China’s outsized rate of economic growth would soon slow down to the levels that are typical of other middle-income countries like Mexico, Brazil, and Russia. It looks like I was right. READ MORE

October 9, 2012

Romney went to the trouble of filling out a Form 4684 (Casualties and Thefts) to report losses of $39. One can only wonder what was broken or stolen. I like to think that the $39 were lost in the world’s smallest shipwreck. I guess it’s just the romantic in me. READ MORE

October 8, 2012

In the real economy – the place where the 99% live and work – it’s hard to take Mitt Romney’s plan seriously; but let’s try to make sense of it anyway, unhindered by logic, arithmetic or the laws of time, space and gravity. READ MORE

September 28, 2012

When it comes to money, it’s best not to trust the advice of people who have a vested interest. READ MORE

September 17, 2012