Middle Class Economics: Josh Barro nails some critical points | Jared Bernstein | On the Economy

Josh Barro does an excellent job describing many of the key points about the challenges of crafting what politicians are calling “middle-class economics.” As I see it, they’re talking about policies that reconnect overall economic growth and the prosperity of the middle class. Though median household incomes have been rising in recent years, as best … Continue reading Middle Class Economics: Josh Barro nails some critical points | Jared Bernstein | On the Economy

Jared Bernstein: Full #employment, trade deficits, and the dollar as reserve currency

By Jared Bernstein October 7, 2014 Full employment, trade deficits, and the dollar as reserve currency. What are the connections? I’ve been looking for an excuse to scratch out a few lines about the connections between full employment, the trade deficit, and dollar policy—connections that understandably don’t jump out at everyone—and I’ve found a particularly … Continue reading Jared Bernstein: Full #employment, trade deficits, and the dollar as reserve currency

Full employment and trade deficits: PK v. JB re $ | Jared Bernstein | On the Economy

By Jared Bernstein October 8, 2014 Paul K’s agrees with me on the core aspects of my post yesterday regarding our persistent trade deficits as a barrier to full employment, but disagrees the dollars status as a reserve currency has much to do with it.