A Washington Post op-ed says that Borders bookstores didn’t close “because the economic system was rigged against ordinary Americans. They closed because technology brought us Amazon and the Kindle.”
Search Results for: Dean Baker
Thirteen former Democratic governors urged Congress to approve fast-track trade authority to facilitate the passage of the Trans-Pacific Partnership (TPP) and the Trans-Atlantic Trade and Investment Pact (TTIP). The most newsworthy aspect of the letter is that the governors apparently do not understand the basic economics of trade.
The question here is pretty simple, in spite of Robert Samuelson’s efforts to sow confusion. There is very little plausible benefit from raising interest rates and slowing the economy at a point where the economy is far below its potential by almost any measure.