30 Years Of Inequality
The PBS NewsHour discusses 30 years of rising income inequality.
Policy Points
The Housing Bubble’s Aftermath
In the video segment below, political scientist Tom Ferguson of the University of Massachusetts-Boston explains the toll that the housing bubble and financial crisis has exacted from cities like Baltimore.
Around The Dial – September 28
Economic policy reports, blog postings, and media stories of interest:
- Paul Krugman takes on the structural unemployment argument.
- Economix notes the obvious.
- News 14 Carolina reports on the state’s community colleges.
- Naked Capitalism looks at how central banks think about savers.
Food For Thought
This is what you need to know: important people have no special monopoly on wisdom; and in times like these, when the usual rules of economics don’t apply, they’re often deeply foolish, because the power of conventional wisdom prevents them from talking sense about a deeply unconventional situation.
State Coincident Indicators: August
Economic conditions remained weak across much of the nation in August, according to the newest State Coincident Indexes Report prepared by the Federal Reserve Bank of Philadelphia.
In August coincident indexes moved in a positive direction in 27 states and in a negative direction in 16 states. No changes occurred in seven states.
The map to the right, which is taken from the Reserve Bank’s survey, shows the three-month changes in coincident indicators by state. Positive numbers denote improvements in economic conditions, and negative numbers refer to declines.
Over the last three months, coincident indexes increased in 40 states, decreased in six states and held steady in four states.
During the same three-month period, North Carolina’s coincident index moved in a positive direction, which suggests improvements in local economic conditions.
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