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.

D&S BLOG

Today's Reads: Morgenson, Roubini, Muenchau

D&S Admin Aug 24, 2009

Morgenson cautions us on hopes for recovery in the banking sector

Roubini wonders if whether the recession will be "W-shaped" or "U-shaped".

Muenchau writes about a recent study on the role of securitization in the crisis. This has been studied a lot, but I think Munchau's conclusion, that "we should be worrying a lot more about global economics right now than about global finance" is spot-on.

Published in: D&S BLOG

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Dollars & Sense is a non-profit, non-hierarchical, collectively-run organization that publishes economic news and analysis.

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