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Something Is Wonderful in the State of Denmark
An alternative to dismantling Social Security—adopt Denmark’s retirement system!
Crypto: What Is It and What Is the Fuss All About?
Cryptofinance, including cryptocurrency, is the newest hot item in the world of financial “innovation.”
Wages, Employment, and Immigration
Instead of competing with native-born workers for jobs, immigrant workers actually tend to complement native-born workers.
Better Wages and Working Conditions: The Workers Will Come
While many things taught in introductory economics courses are nonsense, it seems to be true that higher wages will attract more workers.
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.
Some Elements of a Progressive International Trade Policy
There are other ways to organize U.S. international trade. The neoliberal free trade of recent decades and the trade restrictions of Trumpian tariffs are not the only options.
No Matter How You Look at It, the Big Beautiful Bill is a Monstrosity
Here are three views of the bill's horrific distributional consequences.
What’s Different About Today’s Government Deficit and Debt?
As of today, the U.S. government’s current deficit and debt are indeed currently at unprecedented levels for peacetime—once we account for them appropriately.
No Tax on Tips
Even the stand-alone No Tax on Tips Act would do far too little to better the lot of low-income workers, even tipped workers.