Economists' blogs

The Real Reason the Economy Might CollapseSkyrocketing wealth...

The Real Reason the Economy Might CollapseSkyrocketing wealth inequality isn’t just wrong. It’s also weakening our economy. 70 percent of the US economy depends on consumer spending. So American consumers need to spend enough money to buy most of the goods and services Americans are capable of producing. This means that over the long term their incomes need to keep pace with their productivity. But their incomes haven’t.

The media’s rotten reporting on Biden’s social and...

The media’s rotten reporting on Biden’s social and climate bill (and it’s not just Fox News)Friends, I recently started a newsletter on power, politics, and the economy. I’m still getting the hang of it, but so far I’ve been delighted and encouraged by the responses and the community we’ve built.  For those who’ve yet to sign up, please consider joining us at https://robertreich.substack.com.The ambitious social and climate legislation now working its way through Congress will be enacted in some form.

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