The Electoral Politics of the Public Debt
It's not nearly as urgent as affordability concerns, but neither can it be ignored.
Jared Bernstein
My personal newsletter
Live Last read · last published · next check
Latest posts
Two Prices, Two Problems
Wage growth and interest rates: one's too low; one's too high.
Is The Labor Force Declining Or Not?
Adjusting for our aging workforce explains much of the decline, but it doesn't take us out of the woods.
July CPI Comes In Right At Expectations
The report moved the odds of a Fed hike down a bit, but it's not off the table. And back on Main St, real wages are down.
Market-Driven Macro Fragilities
Various financial-market sources are helping to drive the US economy forward. And some of them look pretty shaky to me.
Weekly Wrap-Up: The Economy's Fine Except for the People In It; El-Sayed and the Mods
This week quite neatly laid out the problem...and the solution.
July's Employment Report Comes In A Lot Softer Than Expected
No reason to panic or to over-interpret one month. But there are trend-level fragilities in this job market.
Voters to Candidates: You Gonna Fight For Us Or Not?
All that noise about spectrum politics misses this fundamental question.
When Your Public Debt is 100% of GDP, Maybe Don't Spook Markets
Tying together some recent themes on public debt, interest rates, and the Fed.
Weekly Wrap-Up: Economic Strengths and Fragilities
Last week's data and central-bank noise are part of an important story.