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Debating The Bush Economic Record: Day 2
Its been a good week for debating the merits of globalization, and the Bush economic record. As Krugman writes in this morning's times, in a thoughtful response to "conservative economic commentators" otherwise known as David Brooks:
We can have an interesting discussion about questions like the role of unions in wage inequality, or the role of lax regulation in exploding C.E.O. pay, there is no question that the policies of the current majority party — a party that has held a much-needed increase in the minimum wage hostage to large tax cuts for giant estates — have relentlessly favored the interests of a tiny, wealthy minority against everyone else.
Yesterday we had a series of very stimulating posts on different aspects of globalization and policies of the current administration, not least Mark Thoma's two posts on inequality, and Bonddad on the housing crisis. Today we'll have some more, including Senator Evan Bayh on the importance of Intellectual Property, and our own Rob Shapiro on the need to work to rebuild the national consensus on trade. If you didn't catch it yesterday, have a look at our new economic report here.