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🫱🏾‍🫲🏻 thank you. Very good insights.

Sen. Whitehouse is a national treasure.

So according to the democrats, we have a revenue problem and not a spending problem. This is always their case. When democrats control power my taxes go up, when republicans are in power my taxes go down. Yet whomever is in power the debt keeps climbing to the tune of 1 trillion every 4 months now and no one seems to care about that including the Hamilton Project.

very nice discussion thank you for doing this

He said "eleemosynary"

If you have a 5 x increase its obvious that its not working .if you had a cancer medication that increased 5 times you would say it was ineffective if not causing cancers .....

If you have a 5 x increase its obvious that its not working .if you had a cancer medication that increased 5 times you would say it was ineffective if not causing cancers .....

Money over citizens

Anybody assaults ,steals ,kills ,child molest,rapes must be locked up for max time.

Simple do the crime do the time. Mental health facilities must be reopened. Jails are not equipped to deal with mentally ill individuals.

✋ Promo'SM

Manchin has became a MAGA. LOL

Economic benefit to who? ....relative to some other populations, (code words) ....Local governments pay the cost which is borne by people who are already struggling so corporations can keep more money in their pockets. Tell the truth you are asking the citizens to subsidize corporate leisure and hospitality and agribusiness. The lower wages the immigrants are paid require that their medical, and housing to be subsidized. The federal government could subsidize those "other populations'" and end this massive flow of people. Make the corporations pay their own way. Equity is the federal government stopping being a deadbeat and paying the people they owe billions for building and serving this country and who they have deprived of a quality of life based on their racist policies for hundreds of years.

😏 𝖕𝖗𝖔𝖒𝖔𝖘𝖒

Tough in NY, tough in London UK with food banks referred too by letters.

What happens to all the undestributed 600$ per week,if by the time the department of labor assists the employment agencys most have gotten a job ,a big empty hole of millions of dollars?

If I'm already on unemployment and my 127$week claim is over in May 🤦 Oregon just keeps saying they are waiting for the department of labor to assist them.By the time I run out my claim I'll be homeless and no address to file another claim

Delayed UIB= unpaid delayed bills = interest accruing on certain debt ( credit cards, mortgages, auto loans) = chunk of stimulus check will go to banks.

What if I had a job offer that was verbal and fell through due to my town shutdown of coronavirus? Im asking about the pua $600

Thank you @HamiltonProj for hosting this forum and featuring our president and CEO, Jo-Ann Wallace in your discussion. It was truly an honor to be among these prolific warriors of justice.

How can you get a truly dynamic economy if you allow banks to leverage more, and thereby earn higher risk adjusted returns on equity, with “safe” assets, like public debt, houses and AAA rated securities, than with “risky” assets like loans to entrepreneurs. perkurowski.blogspot.com/2016/04/here-are-17-reasons-for-why-i-believe.html

Larry Summers is the only person here that is not useless, he actually thinks and does not just regurgitate nonsense like the rest of the panel!

ïce cream melts¨ (30 mins in) worth a listen is the same as useful free stuff on web disappears behind a pay wall or ....

Brilliant. Pop by to Aberdeen UK sometime for chat about similar problems/solutions we have in Scotland

So much talk, so little info. The market is based on human labor, owner and slave classes. Tech is replacing the human slaves so we need to change to a new social system Natural Law Resource Based Economy is the best idea i have heard to date.

The solution is simple. Increase taxes . (For example, in marketing and mass entertainment. ) Encourage art and culture. Encourage activities interaction between people.

I really loved your clip Mrnes :) dope

The modern cell phone that fits in your pocket, has replaced everything in this ad... consumermediallc.files.wordpress.com/2014/01/radioshackbghuff.jpg ... Not to mention Radio Shake is also out of business.

If you want more people to save, then more people will have to have more than a subsistence income. In the 1970s and 1980s we actively decided to increase the return on capital. The hope was that this would increase the overall growth rate of the economy and that the return on labor would also increase. That didn't happen, indeed the return on labor actually decreased in terms of disposable income (the income you want workers to save). If you want more people to save for retirement, then increase the return on labor, probably at the expense of the return on capital. If wages go up, savings will go up. Witness the fact that people with higher incomes save more than people with lower incomes. Trying to find ways to get people who are barely getting by to get by on even less in favor of a likely forlorn hope to have more money when (or if) they retire is tinkering at the margins at best.

Several panel participants commented that many baby-boomers "Have not saved enough," as if it were possible for them to have done so. Wages stopped rising 35 years ago. Actual disposable income has significantly declined over that period. I know that you won't actually be heard by many people below the 90th percentile, but at least recognize reality and have the decency to say many baby-boomers "have not been able to save enough," for whatever it is you wish that they had saved for.

Can someone explain to me why they did not make any connection between increasing wealth inequality and reduced demand in the economy? It is a fact that the wealthy spend proportionally less back into productive avenues of an economy than lower income people. Wealth inequality has been skyrocketing, they talk about a lack of demand, and they try to explain it with issues that seem fringe in comparison...

I find it sad beyond words that so few people seem capable of even thinking about a world in which no monetary systems, indeed, even the concept of money, exist. No other species in the history o life has ever invented any system whose sole existence is to perpetuate the poverty and misery of the masses for the pleasure of the few.

If these are our so called "Experts" and in charge of social-economic policies .......we are lost!

thanks for sharing HamiltonProj

Thank you Laura Tyson for bringing up, in your closing comments, the question that should have been at the center of the entire discussion for the previous hour. Maybe you could have asked the question you posed in the last minute in the first minute. Otherwise, the discussion was interesting, but ultimately useless.

Yeah I think Autor and Summers' comments are useful correctives to many of the stronger claims made by the book authors

Well moderated. Nice panel.

What too few analysts (and fewer economists) have focused on is the role of land markets in communities. Adam Smith provided very valuable insights in the issues in his 'Wealth of Nations'. It seems that at some point in the late 19th century, the leading economists decided that land was no longer a distinct factor of production but was simply another form of capital input. This is not what the evidence of the real world tells us. Our communities are all plagued by the hoarding of land and often by intense land speculation. An important consequence is the high cost of land for residential housing, making housing unaffordable to many households without significant public subsidies. Thus, many people are doomed to live in substandard housing owned by slumlords who do little or no maintenance on these investment properties. Even in high income communities the problem of "rent-seeking" (i.e., to profit from land market inflation) is significant, pushing up the cost of residential property and of business property to levels that impose high levels of stress on household incomes and on business profit margins. Here is the driver of unemployment and poverty in our communities. The solution is to do what Adam Smith argued: look to the rental value of land as public revenue, exempting property improvements from the tax base. The result? Owners of land will bring their land to its highest, best use (creating jobs and commerce) or sell to someone who will. The profit from land speculation will be removed and owners of buildings will no longer be penalized for making improvements or replacing old and inefficient buildings with new ones. What will help people most is a full employment society, one in which there are always more jobs looking for people than people looking for jobs. Tax policy is key.

I'll "assign" this video for review for Citizens Climate Lobby meeting, Chicago-West, Jan 7, 2014, where we'll "tune in" as Adelle Morris addresses the CCL national call-in. Skip directly to carbon tax about 14 minutes in. I really like that Carbon Tax is proposed by the Brookings Institute, an august (founded 1916) groups studying government policies and know for its non-partisan view.