Economists Rediscover the Distrribution Question (tags)
Higher taxes for the rich-traditionally a horror to liberal economists-appear in a new light as state transfers to poorer sectors. Those richer than 95% pocket around 20% of the total income. It was less than half as much at the end of the 70s.
Lessons from 1929: Christina Romer (tags)
Roosevelt's debt-financed spending packages were historically unique since balanced state budgets were the norm..Roosevelt's New Deal led to an increase of nine to thirteen percent in the real GDP between 1934 and 1938. Charlie Rose's interview with Ms Romer is life-giving.