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@
econjared
Washington, DC
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Senior Fellow at @CenterOnBudget, former Chief Economist & Economic Adviser to Vice President Joe Biden, & author of “The Reconnection Agenda."
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1.479
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56.910
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Jared Bernstein
@econjared
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3 ώρ. |
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And not just how does the spike map onto opportunities for avg workers, but how do they help them **relative to the policies of a more overtly progressive regime?!** At least for me, that's the operative question. [end]
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Jared Bernstein
@econjared
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3 ώρ. |
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Would that spike go the other way if Sanders or Warren were elected? Definitely possible if not probable. The point I was trying to stress is you've got to think about the impact of such spikes on the real economy. How do they translate in jobs/wages/opportunities for avg folks?
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Jared Bernstein
@econjared
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3 ώρ. |
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I thought @andrewrsorkin raised a great question re elections and biz confidence. Let me elaborate a bit more on my response. Below, you see a real spike in small biz optimism when Trump won (any Obama effect was swamped by recession). [thrd] pic.twitter.com/KCmB64F0TS
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Jared Bernstein
@econjared
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22 ώρ. |
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Noooo! It's overthink! Too clever by half!! By more than half!!
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Jared Bernstein
@econjared
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2 Ιουλ |
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Such wealth concentration significantly impacts the political economy. See below excerpts from VoxSentences: vox.com/vox-sentences pic.twitter.com/tJp4XRAmGg
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Jared Bernstein
@econjared
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2 Ιουλ |
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Fooling around with the remarkable, new Fed data set of net worth up through last quarter! In 2019q1:
Net worth top 1% 25 times that of bottom half.
Avg net worth top 1%: $25 million
Bottom 1/2: $20,000
federalreserve.gov/releases/efa/e…
1/2
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Jared Bernstein
@econjared
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2 Ιουλ |
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Not sure what that is , but if it’s good, I’m it!
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Jared Bernstein
@econjared
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2 Ιουλ |
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Cease that chin-stroking punditry immediately!! The “Ds are moving too far too the left!” argument is bogus and empirically ungrounded: washingtonpost.com/outlook/2019/0…
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Jared Bernstein
@econjared
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2 Ιουλ |
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In that situation, I’d have sent a secret message to the full-emp-Twitter mafia to play along...just sayin’...
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Jared Bernstein
@econjared
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30 Ιουν |
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Love this figure from recent GS Research note (paywall). Shows how a) the bond market sometimes gets the future path of the Fed funds rate wrong, and b) the Fed doesn't always follow the bond market. Which is a very good thing. pic.twitter.com/YILy5Us9DU
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Jared Bernstein
@econjared
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29 Ιουν |
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I get into some of that in this piece from about 5 years ago: economix.blogs.nytimes.com/2014/02/24/les…
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Jared Bernstein
@econjared
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28 Ιουν |
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Thanks much! And with that, seems like the right moment to shut down the computer and get a jump on the weekend!
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Jared Bernstein
@econjared
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28 Ιουν |
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I keep coming back to this theme of why it's so urgent that we get ready now for the next downturn. Here's an annotated deck from a recent briefing.
jaredbernsteinblog.com/the-economic-o… pic.twitter.com/LkH2eUGJIB
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Jared Bernstein
@econjared
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28 Ιουν |
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It’s a terrible idea that will exacerbate inequality and needlessly sacrifice revs. Prob illegal too. BUT w Congress essentially shutdown, there are cases where testing the bounds of EOs is worthy. This isn’t one of them.
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Jared Bernstein
@econjared
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28 Ιουν |
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Like the Fed, she’s focusing on the core not the topline print. That’s legit.
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Jared Bernstein
@econjared
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28 Ιουν |
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I know nothing about Marianne Williamson, but this--"The average American is woefully under-educated about the history of race in this country."--is true, important, and fixable. #DemDebate
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Jared Bernstein
@econjared
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28 Ιουν |
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**Great** response by @KamalaHarris re deficit-financed Trump tax cuts, but the increase in public debt was scored at $2 trillion over 10 yrs, not $1 trillion.
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Jared Bernstein
@econjared
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27 Ιουν |
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Because, you know, it's been months since the R's did something to enrich their donor base. My @CenterOnBudget colleagues explain how this idea would double down on 2 of the worst attributes of the Trump cuts: more inequality and less revenues.
cbpp.org/research/feder… pic.twitter.com/Tng3xCflbL
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Jared Bernstein
@econjared
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27 Ιουν |
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Of the many excellent points in Dean’s piece, one I’m increasingly making is “the rich won’t like [progressive policy here] and will thus evade it” is NOT a coherent objection.
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Jared Bernstein
@econjared
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27 Ιουν |
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One could handily set up a great pres/vp/admin/cabinet from just the night #1 group! Just sayin'...#DemDebate
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