Skip to main content

Economics Daily Digest by the Roosevelt Institute banner

By Rachel Goldfarb, originally published on Next New Deal

Click here to subscribe to Roosevelt First, our weekday morning email featuring the Daily Digest.

Did Obama’s Response to Ferguson Fall Short? (Melissa Harris-Perry)

Roosevelt Institute Fellow Dorian Warren questions why President Obama has avoided unequivocal language to condemn the police state in Ferguson. His segment begins at 6:40.

Why the Liberal Love for Rand Paul is Wrong (MSNBC)

Senator Paul blames big government for what he calls the "erosion" of Black civil liberties, but Dorian Warren counters that local governments do plenty to earn the distrust of the Black community.

Phony Capitalism (Harper's Magazine)

In this excerpt from his recent white paper, Roosevelt Institute Chief Economist Joseph Stiglitz suggests better tax policies could lead to a less economically stratified economy.

‘Slack’ in Job Market Hurts Wage Growth, Chicago Fed Paper Says (WSJ)

The paper notes that the slack labor market, with so many unemployed, has an even stronger impact on wage growth for those whose wages are already low, reports Pedro da Costa.

Paul Ryan’s Welfare Reform Ideas Are Even Worse Than You Think (The Nation)

Michelle Chen says that Ryan's proposal for welfare reform marks poor people as the problem in need of fixing, rather than the economic and social structures that hold up poverty.

20 Tax Dodgers: $240 Million for CEOs, Big Loss for the American People (The Fine Print)

Scott Klinger ties tax-deductible CEO pay to a USA Today list of companies that paid no federal income taxes last quarter, and says the combination highlights just how broken our tax system is today.

New on Next New Deal

Rioting Mainly for Fun and Profit: The Neoconservative Origins of Our Police Problem

Roosevelt Institute Fellow Mike Konczal ties increased use of police force to neoconservative notions of the "urban crisis" as a failure of liberalism to be targeted with harsh enforcement.

Suspensions are Keeping Students of Color from their Diplomas

Roosevelt Institute Summer Academy Fellow Bassem El Remesh argues that Minnesota needs to adopt stricter rules for when suspensions are permitted due to the impact on graduation rates.

Originally posted to Daily Kos Economics on Mon Aug 18, 2014 at 05:04 AM PDT.

Also republished by Daily Kos.

Your Email has been sent.
You must add at least one tag to this diary before publishing it.

Add keywords that describe this diary. Separate multiple keywords with commas.
Tagging tips - Search For Tags - Browse For Tags


More Tagging tips:

A tag is a way to search for this diary. If someone is searching for "Barack Obama," is this a diary they'd be trying to find?

Use a person's full name, without any title. Senator Obama may become President Obama, and Michelle Obama might run for office.

If your diary covers an election or elected official, use election tags, which are generally the state abbreviation followed by the office. CA-01 is the first district House seat. CA-Sen covers both senate races. NY-GOV covers the New York governor's race.

Tags do not compound: that is, "education reform" is a completely different tag from "education". A tag like "reform" alone is probably not meaningful.

Consider if one or more of these tags fits your diary: Civil Rights, Community, Congress, Culture, Economy, Education, Elections, Energy, Environment, Health Care, International, Labor, Law, Media, Meta, National Security, Science, Transportation, or White House. If your diary is specific to a state, consider adding the state (California, Texas, etc). Keep in mind, though, that there are many wonderful and important diaries that don't fit in any of these tags. Don't worry if yours doesn't.

You can add a private note to this diary when hotlisting it:
Are you sure you want to remove this diary from your hotlist?
Are you sure you want to remove your recommendation? You can only recommend a diary once, so you will not be able to re-recommend it afterwards.
Rescue this diary, and add a note:
Are you sure you want to remove this diary from Rescue?
Choose where to republish this diary. The diary will be added to the queue for that group. Publish it from the queue to make it appear.

You must be a member of a group to use this feature.

Add a quick update to your diary without changing the diary itself:
Are you sure you want to remove this diary?
(The diary will be removed from the site and returned to your drafts for further editing.)
(The diary will be removed.)
Are you sure you want to save these changes to the published diary?

Comment Preferences

  •  The rate at which money is flowing (4+ / 0-)

    through the economy continues to decrease.

    If we consider that our currency issues from Washington and is distributed into the economy by Congress and that taxes serve to bring it back, sort of like recycling aluminum and glass, then the Congressional refusal to adequately tax on the one hand and the encouragement of hoarding by Wall Street on the other can be seen as the source of sluggishness in the economy. People can't spend currency they don't get their hands on.

  •  "enforcement" is a euphemism for abuse. (2+ / 0-)
    Recommended by:
    Words In Action, Odysseus

    Law enforcement is predicated on the proposition that the purpose of the law is to coerce obedience, not merely respond to bad behavior. In a sense, law enforcement, as being practiced on select populations, is prophylactic -- i.e. designed to intimidate observers into behaving as the culture of obedience demands. Since it is not practically possible to restrain the whole population, examples have to be made and, if force has to be used to coerce, it is best to use it against populations least likely to retaliate. That's why innocent people, who can be taken by surprise, are targeted.

    The people who incorporated "innocent until proven guilty" into our judicial process were obviously aware of the temptation towards pre-emptive action on the part of governmental agents. But, that's an awareness which apparently fades and requires refreshing from time to time.

  •  I follow Charlie Pierce's 5-Minute Rule (1+ / 0-)
    Recommended by:

    for all things relating to the Paul family.  To wit, a Paul can sound perfectly reasonable for a maximum of 5 minutes, after which he will veer into bat shit crazy territory.

  •  Doesn't Ferguson disprove Rand's b/s on race? (0+ / 0-)

    If the cause is all 'big government' and locals are so much better, then why is it FPD that caused this and made it worse, and the next level of 'small' government, the State, made it worse?

    And it was 'small' gov that is treating its population as serfs, that segregated its communities and schools and then starved the poor - and thus usually minority - communities of any resources to progress.

    I kind of missed how the Feds caused all this, Rand.

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site