Director, Hutchins Center on Fiscal & Monetary Policy, Brookings. My latest book "Only the Rich Can Play," the story of Opportunity Zones.
May 17, 2023 • 9 tweets • 6 min read
Could the NIH – annual budget $47 billion – do better at spurring research that improves human well-being? If so, how? My @BrookingsEcon colleagues asked several scholars for (short) proposals towards “Building a better NIH.” brookings.edu/product/buildi…#BetterNIH
The debates that marked the founding of NIH (Vannevar Bush v Harley Kilgore) echo today. Columbia’s Bhaven Sampat recounts the history and lessons for today, a concise and fascinating account. brookings.edu/wp-content/upl…#BetterNIH
Oct 2, 2021 • 7 tweets • 5 min read
How did Sean Parker and EIG build a case for #OpportunityZones and, with Tim Scott’s help, get it into law. And what’s happened on the ground? My book 'Only the Rich Can Play’ pubs Oct 5. A 2-minute video preview
Here’s Al Hunt’s piece in The Hill on “Only the Rich Can Play” thehill.com/opinion/campai…
Oct 25, 2019 • 5 tweets • 1 min read
Final FY19 US budget tally
Receipts 16.3% of GDP
vs 16.4% in FY18
Outlays 20.9% vs
vs 20.2% in FY18
Deficit -4.6% of GDP
vs -3.8% in FY18
home.treasury.gov/news/press-rel…
At 4.6% of GDP, the federal debt was larger than any year since 2012 when the unemployment rate was above 8%.
Sep 11, 2018 • 4 tweets • 1 min read
Liang, McConnell, Swagel: Eight lessons from the global financial crisis: (1) Prepare (at least ) for what is likely. brookings.edu/wp-content/upl…#FinCrisisLessons
Lesson 2: Prepare to be surprised.
Lesson 3: Communicate before during and after the crisis
Lesson 4: There will always be forces pushing against early intervention
