Mark Thoma
Mark Thoma's Latest Articles | 116
Government Can and Should Create Jobs
In a town in a country suffering through a recession, a wealthy person just happens to live next door to an unemployed worker. The worker has experience in a variety... Read »
The Threat of an Arrogant Laboring Class
As you’ve probably heard, even though we are just beginning to see a way out of a deep recession that has long-term unemployment rising to historic levels,... Read »
Who Pays the Costs of the Recession?
The distribution of the benefits in the run-up to the recession as reflected in growing inequality has been widely discussed, as has the distribution of benefits... Read »
Volcker: We’ve got a Problem in Governing in this Country
This is from a long Q&A the Financial Times held with Paul Volcker (covering a variety of topics, but focused on a discussion of the “Volcker rule”): FT:... Read »
Did Obama Change the Conversation?
I think it’s too soon to be talking about deficit reduction given the state of the economy, and particularly the state of labor markets, but there’s... Read »
‘Obama Sounded Like a Good Old-Fashioned Mercantilist’
Andrew Samwick on Obama’s the State of the Union speech: One item that stood out as different was the acknowledgement that we are on our way to export-led... Read »
A Dangerous Split
The split developing within the Democratic Party is worrisome. Old fault lines that were on display in events like the WTO protests in Seattle are opening again.... Read »
Will the Present Upward Trend of Unemployment Continue?
The excess capacity series is defined as 100 – capacity utilization rate. The unemployment series is the civilian unemployment rate. The excess capacity series... Read »
Cutting Wages Won’t Help
Conservatives are using the recession to revive their long-standing opposition to the minimum wage. The argument they are making this time is that cutting the minimum... Read »
Too Big to File Suit?
I’ve been somewhat encouraged by this administration’s attention to anti-trust issues, but so far there’s been more talk than action. I don’t... Read »






