SOURCE: New York Times
Biden's economic advisors appear to be treating unemployment, eviction and poverty wages as more serious problems than modest inflation, reversing decades of austerity-driven guidance.
SOURCE: New York Magazine
by Jonathan Chait
Has the bipartisan Washington elite preoccupation with budget deficits faded since the Obama Administration's troubled efforts to promote economic recovery in 2009? Will austerity wreck Biden's goals too? Jon Chait says that moment has passed.
SOURCE: The Week
The Senate negotiations over the Affordable Care Act and the 2009 Recovery Act are not ancient history. It remains to be seen if Senate Democrats can learn from them.
SOURCE: Made By History at The Washington Post
by Anya Jabour
Social workers and researchers Edith Abbott and Sophonisba Breckinridge conducted an important study of evictions in Chicago during the Great Depression and advocated for federal support for a minimum standard of living including housing. The looming eviction crisis demands similar big thinking.
Historian Eric Rauchway compares the Great Depression and our current pandemic-induced economic decline, Franklin Roosevelt’s democratic principles, and the role of a competent government in preventing authoritarianism.
SOURCE: University of Chicago Institute of Politics
Gene Sperling's new book challenges decades of market-oriented economic policy in favor of a standard based on human well-being.
How the Coronavirus Bailout Repeats 2008’s Mistakes: Huge Corporate Payoffs With Little Accountability
As the government rushes to aid the economy, how that’s done, who benefits and who is left behind matter. So far, the signs are ominous.
SOURCE: Los Angeles Times
by Michael Hiltzik
Policy should be focused on the immediate goal of protecting American households from the hardships of lost jobs. Setting the stage for a resumption of economic activity is important, too, but at this very moment it’s secondary.
SOURCE: Washington Post
Live Updates: U.S. Stocks Nosedive, Trading Paused as Emergency Fed Action Fails to Mollify Investors
The Dow plunges 2,300 points as a brutal coronavirus-fueled sell-off intensifies.
SOURCE: Oxford University Press Blog
by Richard S. Grossman
How do we avoid excessively ideological economic policy?
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