Advancing ideas that rebalance power in our economy and democracy.
Feb 1, 2023 • 7 tweets • 3 min read
To stabilize wages, it's important to keep the cost of living constant.
@andrewelrod uses historical US wage policies as the basis for considering sectoral bargaining as an alternative to unemployment & recession while pursuing economic stabilization. 🧵 bit.ly/3JBY5PA
In the history of inflation control policies, stabilizing wages has required a wide range of policy moves—from skillful management of supply to tax increases on individuals and corporations—to prevent the accumulation of opportunistic fortunes in times of emergency. 2/7
Dec 6, 2022 • 8 tweets • 3 min read
Is today’s inflation the result of excessive aggregate demand, or is it the result of overlapping sectoral supply side shifts and shocks? We just released a new paper by @JosephEStiglitz and @Regmi_Ira making a wide-ranging case for the latter. 🧵(1/8) bit.ly/TodaysInflation
First, it covers the national accounts: The components of demand are at, or even below, pre-pandemic trends and projections.
Nominal ones are indeed higher than trend, but all that represents is that prices are higher. The source of the increases needs to be investigated. (2/8)
Apr 23, 2022 • 12 tweets • 8 min read
For #WorldBookDay2022, we are highlighting some of the fantastic books from our Roosevelt team. Happy reading!📚
.@rgunns chapter in @sunrisemvmt's “Winning The Green New Deal: Why We Must, How We Can” brilliantly explains the greatest strength of the #GreenNewDeal: its vision for transforming our economy and society. indiebound.org/book/978198214…
Apr 1, 2021 • 15 tweets • 5 min read
For nearly a decade, the Roosevelt Institute has called on policymakers to rewrite the rules of our economy—to make it fairer, more inclusive, and more productive.
The #AmericanJobsAct is a major step toward doing that. bit.ly/3mdAsiQ
For generations, policymakers used the power of the state to redistribute income upward and remove economic decisions from the democratic process.
