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Higher wages, not a stronger yuan, will help Chinese workers and reduce U.S. imports.
Read the full story »If Glass-Steagall were reinstated, we would be recreating the short-term funding weakness that forced Bear Stearns and Lehman Brothers into insolvency.
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Jim Glassman asks Bob Pozen: Now that the U.S. financial system has come “back from the brink,” what more should be done to re-structure our banking system?
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The NYT Op-Ed page editors asked six experts to recommend specific fixes that could be part of a comprehensive reform package for the nation’s largest social insurance program. Cut Benefits, But Do It Fairly by Robert Pozen. How do we maintain Social Security in the fairest way? Consider progressive indexing, which would preserve benefits for the bottom third of wage earners who rely on the program for almost all of their retirement income, but recalculate the benefits of higher-paid workers who have ..read more
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