The Demand Side

June 3, 2018

After witnessing the devastating impact the Great Recession had on the American economy, and the reckless banking practices that served as the root of such national misery, both conservative and liberal policymakers agreed that the banking industry needed more stringent oversight. So, in 2010, Congress passed the Dodd-Frank Wall Street Reform and Consumer Protection Act, a law that...

May 20, 2018

In recent weeks, democratic senators Bernie Sanders and Cory Booker have each sponsored legislation that would guarantee a job to every American who desires one. Those who know me personally, and know my passion for policies that help low income individuals pull themselves out of poverty, would think I support such a prodigious undertaking. I don’t. It’s actually a really terrible idea....

May 13, 2018

In early 2016, as Distinguished Scholar in Residence at the Brookings Institution, former Federal Reserve chairman Ben Bernanke authored a piece advocating the Federal Reserve use helicopter money during extreme downturns where inflation is absent. Part of a series titled “What tools does the Fed have left?”, the piece looked at various unconventional monetary measures that could be dep...

May 7, 2018

When we look at the strength of today’s economy, we often focus on the low level of unemployment, prime age males coming back into the labor force, and stock market resiliency. But often we forget the efforts taken by policymakers since the Great Recession that helped make these outcomes possible.

During the Great Recession, not only did American citizens undergo a level of uncertainty n...

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