Inequality and Its Perils

I just stumbled across this piece by Jonathan Rauch at NationalJournal.com: Inequality and Its Perils. He points to evidence that we’ve been digging into at CAP about the relationship between inequality and growth. What I thought was especially interesting is the growing sense that this is a new field of inquiry in economics: “The debate for […]

Lift the cap on Social Security taxes!

A number of years ago, I was at a meeting in Washington, with a group of lawyers and lobbyists. We were discussing economic issues and the talk turned to Social Security. One well-shoed lawyer suggested we solve our problems by eliminating the cap on Social Security taxes. The way she saw it, at summer’s end, […]