Workers & Economic Inequality

  • Browse by Topic:
  • Search Within Topic:
All Workers & Economic Inequality Commentary

An Interesting Thing About Rising Interest Rates

Contrary to what economic theory would predict, business investment in things like new plants and equipment often increases when interest rates go up. Says Thoma:

The answer lies in the "all else equal" assumption economists make when examining the relationship between two variables. If nothing else in the world changed when interest rates go up, investment would fall.

But -- as Fed policy shows -- interest rate increases often result from an improving economy, and the outlook for the future has a much larger impact on investment than interest rate changes. Thus, when the economic outlook improves, we see interest rates rising in general, but the improved outlook has a larger positive impact on business investment than any negative impact from higher rates.

Read the full article.

Tags: quantitative easing, monetary policy, interest rates, fiscal policy, federal reserve, economic policy

An American Horror Story: Seven Big Economic Lies

John Wasik reviews TCF senior fellow Jeff Madrick’s new book, Seven Bad Ideas for Forbes. Says Wasik:

When I read the book recently, I came to the conclusion that Madrick will not only make a ton of enemies among his fellow economists, he’s trashing the conventional wisdom of mainstream economics. It’s about time.

Read the full review at Forbes.

Tags: seven bad ideas, john wasik, invisible hand, forbes, economics, economic theory, economic policy

A Better Bargain for Higher Ed

A grand bargain on federal fiscal policy is an idea that is dead on arrival, says TCF fellow Andrew Fieldhouse U.S. News. A better idea: states and the federal government should reverse roles in Medicaid and education. The bargain: the federal government will pick up some of the states' share of Medicaid costs and states will in turn invest more in higher education.

To efficiently rejigger their roles, states should agree to provide more money for higher education in exchange for the federal government taking on a greater share of Medicaid financing. Rising Medicaid expenditures are consuming an increasing share of states’ revenue, which in turn crowds out other priorities, such as investment in higher education. The Great Recession greatly aggravated this dynamic.

Read the full article.

Tags: state fiscal policy, safety net, medicaid, higher education, fiscal policy, education funding

Structural Revenue Issue Negates Deficit Gains

TCF fellow Ed Kleinbard tells Bloomberg Surveillance that a revenue shortfall will impact that narrowing of the U.S. deficit. Watch:

Tags: tax policy, revenue, fiscal policy, deficit, bloomberg

Lower Gas Prices Mean Instant Middle-Class Stimulus

TCF fellow Ed Kleinbard discusses the economic impact of lower oil prices on Bloomberg Surveillance. Watch:

Tags: oil prices, middle-class, fiscal stimulus, economic policy, 2014 midterm

U.S. Has Highest Poverty of any OECD Country: Report

TCF fellow Ed Kleinbard talks to Bloomberg Surveillance about inequality and poverty in the United States. Watch:

Tags: poverty, income inequality, bloomberg


Workers & Economic Inequality

Workers & Economic Inequality

In recent decades, and especially since 2000, the richest Americans have enjoyed soaring income and wealth while the rest of the population's living standards have stagnated. The Century Foundation was one of the first institutions to raise serious concerns about these trends and propose ideas for improving economic conditions for all Americans- not just the fortunate few.

Browse by Topic

Stay Informed

Sign up for our mailing list and stay up-to-date on the latest happenings at The Century Foundation

Sign up Today

Contact Us

Send us an email or get directions to The Century Foundation’s offices.

Contact Us

TCF Bookstore

The TCF Bookstore is a curated collection of books and magazines that backup the mission of our organization.

Visit Our Bookstore

Upcoming Events

View All Upcoming Events


New York City Office:
One Whitehall St., Fifteenth Floor
NY, NY 10004
DC Office:
1333 H Street, NW, 10th Floor
Washington, DC 20005

  • Our RSS Feed
  • Find us on Twitter
  • Find us on Facebook

All Content Copyright © 2014 The Century Foundation