Discover more from Robert Reich
Inequality and the macroeconomic mess — Class 8
This week we look at one of the most hidden of all contributors to widening inequality — macroeconomic policies. Given the current fight over the debt ceiling and the budget deficit, the timing of this class couldn’t be better. Just click on the link below and you’re in.
The questions I’ll focus on are: What’s the effect of macroeconomic policy on inequality? What’s the difference between fiscal and monetary policies? How fast can the economy grow without igniting inflation? How should inflation be remedied? How and under what conditions does faster growth reduce inequality?
Don’t worry if you haven’t had a course in macro. We’ll be approaching the subject from an entirely different direction from standard courses, which rarely if ever explore distributional consequences.
This week’s readings (again, just click on the link):