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Economics Daily Digest by the Roosevelt Institute banner

By Rachel Goldfarb, originally published on Next New Deal

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Why Geithner Drives Liberals Nuts (Politico)

Ben White quotes Roosevelt Institute Fellow Mike Konczal, who says tensions over Tim Geithner's work during the financial crisis will come into play in the 2016 elections.

Thomas Piketty Accuses Financial Times of Dishonest Criticism (The Guardian)

Jennifer Rankin reports on Piketty's response, in which he maintains that his conclusions are solid even when looking at more recent data than he used in his book.

I.R.S. Bars Employers From Dumping Workers Into Health Exchanges (NYT)

Giving employees tax-free dollars to pay for insurance on the exchanges won't satisfy the Affordable Care Act's employer mandate, reports Robert Pear, and the fines are steep.

  • Roosevelt Take: Roosevelt Institute Senior Fellow Richard Kirsch suggests that employers that don't want to provide insurance should pay an additional payroll tax instead.

The Slow, Quiet Death of Extended Unemployment Benefits (MoJo)

Patrick Caldwell blames the lack of momentum on this issue on the House GOP, given that long-term unemployment is higher than it's ever been without federal emergency benefits.

New on Next New Deal

The FT Gets Piketty's Capital Argument Wrong

Roosevelt Institute Fellow Mike Konczal argues the Financial Times misses Thomas Piketty's central theme: the size and importance of capital will soon dwarf the rest of the economy.

The New Conservative Reformers Still Don't Have a Plan for Wall Street

Mike Konczal looks at a new report from conservative reformers and finds it lacking on financial reform. It doesn't address any of the current debates on issues like Too Big To Fail.

Originally posted to Daily Kos Economics on Tue May 27, 2014 at 05:10 AM PDT.

Also republished by Daily Kos.

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Comment Preferences

  •  A great menu of afternoon reads, with time to (1+ / 0-)
    Recommended by:

    ponder and mull over before supper, an event wherein information and opinions get either reinforced or demolished over vegetables and people trundle off either with smug smiles, incoherent grumbling, or in trancelike states.  Saving The Guardian piece for dessert.

    Building a better America with activism, cooperation, ingenuity and snacks.

    by judyms9 on Tue May 27, 2014 at 06:17:07 AM PDT

  •  The Dishonest Criticism Thomas Piketty (1+ / 0-)
    Recommended by:

    The contemporary economics orientation is about denying the possibility of market failure in order to justify the "conservative" public policy position of deregulation and non-intervention in the economy. The role of economists is to weave a house of straw around rational expectations of representive agents transacting in the domain of the efficient market hypothesis. If we just assume that nothing can be done in public policy except to free investors of regulations, taxes, and other restraints on extracting profits and accumulating wealth disproportionate to their contribution to either productive economio activity to increase output OR aggregate demand for consumption of output, then by our own assumptions there is nothing that can be done. Only "conservatives" have the inordinate intellectual capacity to make something so just by assuming it is so. It is a really good trick if you can get away with it. It all began with controlling the semantics such that silly self-serving whimsy would be called "right" or "conservative" and anyone that disagreed with silly self-serving whimsy would be called either "liberal", "leftist", or "socialists." Next was to filter all knowledge through the dichotomized and lobotomized ideological prism previously defined by the semantics that had been concocted for this purpose and promulgated by a hierarchal authoritarian pedagogy crafted for mandatory public education to indoctrinate the masses to participate in their roles as obedient followers in factories and the millitary.

    You Don't Happen To Make It. You Make It Happen !

    by jeffrey789 on Tue May 27, 2014 at 08:54:04 AM PDT

  •  Inevitable Back and Forth On Picketty's Work (0+ / 0-)

    Enjoying the Roosevelt Institute defense.

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