It is not just that wages and salaries have grown vastly more unequal. Policy decisions have greatly reduced the equalizing effect of taxes and transfers.
Dean Baker and Mark Weisbrot, Co-Directors of Center for Economic and Policy Research - CEPR, welcome Fed’s intervention in European markets, but say it is not enough.
Unlike Hayek, John Maynard Keynes was a policy man: fully engaged from the Great War and Treaty of Versailles through the Depression and World War II to Bretton Woods. His theories and his policy views developed side by side.
Progressive tax modernization can and should raise significant revenue to finance job creation and public investments, shrink deficits, and ease pressure elsewhere in the budget.
