Inequality
How Inequality Hurts the Economy and Complicates Policy Responses to the Pandemic
In the years leading up to the pandemic, rising inequality created a saving glut of the rich which pushed down interest rates and fueled...
A New Capitalisn’t Episode: The Risk Of Reopening – a Reading List
Despite warnings from government and health officials, some states are choosing to begin reopening their economies this week by ending lockdown restrictions. In this...
How to Save 40 percent of the Payroll Protection Program’s Costs
Thanks to the loan program part of the CARES Act, small businesses can receive up to 2.5 times their monthly payroll, regardless of how much...
A New Capitalisn’t Episode: Where Does the Money Come From? With Special Guest Eugene Fama
As Kate Waldock and Luigi Zingales predicted in a previous episode, the government is running out of money and will ask Congress for additional...
Inequality Has Increased Far Less Than You Think (If You Consider Social Security Benefits)
In the United States, Social Security accounts for nearly 60 percent of the total wealth of the bottom 90 percent. Once Social Security is...
The Cantillon Effect: Why Wall Street Gets a Bailout and You Don’t
According to the 18th-century French banker and philosopher Richard Cantillon, who benefits when the state prints money is based on its institutional setup. In...
Deaths of Despair and Covid-19: a Webinar With Angus Deaton and Luigi Zingales
Deaths of despair are a slow disintegration of working-class lives: Will the coronavirus accelerate this process? In a conversion with Luigi Zingales, Nobel laureate...
The Populist Right Has a Plan to Take Power Away From Financiers and Challenge China
The nationalist rhetoric of the Trump administration can obscure a more sophisticated recognition by some people in the populist world that the core dynamic...
Covid Economics: The Marcoeconomic Impact of the Pandemic and Policy Responses
ProMarket reviews the most recent and interesting academic papers on the ongoing pandemic: One paper argues that people do not always fully internalize the...
The World After Covid-19: Inequality Within Rich Countries Will Increase, Globalization Will Reverse, Politics Will Remain Turbulent
The negative effects of the crisis on growth will be very strong. But it will not affect everyone in the same way. If the...
