Fewer People Working Means Permanently

Many Of My Students Assume That Government Protection Is The Only Thing Ensuring Decent Wages For Most American Workers. But Basic Economics Shows That Competition Between Employers For Workers Can Be Very Effective At Preventing Businesses From Misbehaving.

Raising The Minimum Wage, As President Obama Proposed In His State Of The Union Address, Tends To Be More Popular With The General Public Than With Economists.

I Think Something That Forces Financial Institutions To Write Down Underwater Mortgages, I Think, Would Be A Sensible Thing To Do.

If Increasing Income Equality Is The Goal, It Might Be Wiser To Put Money Into Infrastructure Than To Subsidize Manufacturing. Construction Also Pays Good Wages, But With Lower Educational Requirements. And America's Infrastructure Needs Are Enormous.

Recent Research Suggests That New Deal Programs May Actually Have Had Their Primary Impact On The Economy By Influencing Consumer And Business Expectations Of Future Growth And Inflation.