Mapping The Top 1 Percent
As part of a long-form story about America’s top 1 percent of income earners, The New York Times created an interactive map that allows people to compare the distribution of money income in different metropolitan areas.
Policy Points
Around The Dial – January 17, 2012
Economic policy reports, blog postings, and media stories of interest:
- E.J. Dionne points out the need for a debate about capitalism.
- Economist’s View notes that Democrats really aren’t anti-market.
- Jeff Madrick worries about economists practicing politics.
- Paul Krugman says that “America isn’t a corporation.”
- Nouriel Roubini is not optimistic about 2012.
Censoring The Net?
A short video prepared by Fight for the Future, an advocacy coalition, explains how the “Stop Online Piracy Act/Protect IP Act” works and how it would negatively impact free speech on the Internet.
Not Much Reason To Celebrate
Joseph Stiglitz is not very optimistic about the economy’s prospects in 2012.
This year is set to be even worse. It is possible, of course, that the United States will solve its political problems and finally adopt the stimulus measures that it needs to bring down unemployment to 6% or 7% (the pre-crisis level of 4% or 5% is too much to hope for). But this is as unlikely as it is that Europe will figure out that austerity alone will not solve its problems. On the contrary, austerity will only exacerbate the economic slowdown. Without growth, the debt crisis – and the euro crisis – will only worsen. And the long crisis that began with the collapse of the housing bubble in 2007 and the subsequent recession will continue.
Editor’s Note
Policy Points is taking a few days off to commemorate the Martin Luther King, Jr. holiday. Regular posting will resume on January 17, 2011.
Thank you for your interest in the blog.
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