Happy 5/29 Day! In this blog, we review a New York Times op-ed piece by David Leonhardt that goes into the Great Recession's lasting damage to state funding of public universities, and how it has contributed to the hardships of lower- and middle-income Americans.
The Paris Climate Agreement and American Competitiveness
Trump's environmental, trade, and immigration policies, risk doing serious and lasting damage to American economic competitiveness. Human talent and financial capital know few borders in today's modern world. Let's not let America's overall economic competitiveness in the world go the way of America's automotive industry.
You Have Better Health Care Than We Do
No Convergence Between Hard and Soft Data in Q1 GDP Numbers
The conundrums continue. Despite strong consumer and business confidence, economic activity is tepid. Q1 GDP growth was only 0.7 percent, and real personal income wage growth was only 1.0 percent. Right now markets are betting that economic activity will rise to meet the high levels of confidence. We hope the markets are right, but we have our doubts.