Issue 307: July/August 2013

Medicaid Kayfabe: Fake Wrestling

The features of the bill that are likely to help ordinary people were catchy and easy to understand—reduced taxes on tips and overtime pay and a higher standard deduction for the elderly on income taxes. Yet these projected revenue losses are tiny compared to those incurred by the super rich.

Black-White Income Differences: What’s Happened?

By Arthur Macewan

Dear Dr. Dollar: We know U.S. income inequality has increased. But what’s happened with Black-White inequality? Read more »
Pursuing Profits—or Power?

By James K. Boyce | August 21

Do corporations seek to maximize profits? Or do they seek to maximize power? Read more »
Frackonomics

By Rob Larson

Hydrofracking turns out to be an ideal vehicle for explaining key economic concepts of market failure and market power. Read more »
Collapsing Investment
and the Great Recession
By Gerald Friedman | July 25

Investment in structures and machinery is one of the ways that an economy grows over time. But it’s not happening in the current “recovery.” Read more »
Beyond Debt and Deficits
An Interview with Robert Pollin

One of the authors of the paper that took down Reinhart and Rogoff talks to us about debt, austerity, growth, and why we need a wage-led recovery. Read more »