New America Foundation

Monetary Policy and Central Banking After the Crisis

  • By
  • Thomas Palley,
  • New America Foundation
August 3, 2011

The financial crisis and Great Recession have prompted a rethink of monetary policy and central banking.

Testimony of David Rothstein to the US House Ways and Means Subcommittee on Oversight

July 28, 2011

Chairman Boustany, Ranking Member Lewis, and Members of the Subcommittee, thank you for giving me the opportunity to testify on behalf of Policy Matters Ohio, the New America Foundation, and the National Community Tax Coalition. My research is primarily focused on the financial status and socioeconomic challenges experienced by the millions of low-and moderate-income tax filers in the United States, and my comments reflect the perspective of those who provide free tax assistance to these individuals through the Volunteer Income Tax Assistance (VITA) Program.

Yes We Can Create Decent Jobs

  • By Heather Boushey, Senior Economist, Center for American Progress
July 28, 2011

The American economy can produce decent jobs. We know this to be true because it has happened before. Getting back to a decent-jobs economy will require a commitment on the part of policymakers to creating many more middle-skill, middle-wage jobs. While there are important reasons to support the incomes of those at the bottom of the wage distribution, we will not improve the lives of working families without improving and increasing job opportunities in the middle.

A Vision for Economic Renewal

  • By Task Force on Job Creation
July 26, 2011

The economic environment in America today is more dire than most of us have ever known. We are in the midst of an unemployment emergency, in essence a jobless recovery: notwithstanding recent marginal upticks in official U.S. jobs numbers, there will be no fundamental improvement in the unemployment picture unless major new national economic strategy initiatives are taken. Who will step up to drive them forward?

Comments on Amendments to the FCC’s Rules to Improve Wireless Coverage Through the Use of Signal Boosters

  • and Harold Feld, Rashmi Rangnath and Joe Newman: Public Knowledge
July 25, 2011

Public Knowledge and the New America Foundation (“PK and NAF”) support both consumer choice and the responsible use of mobile wireless signal boosters. PK and NAF agree with the Commission that if properly designed and certified, mobile signal boosters have the potential to greatly benefit the public while automatically providing sufficient protection against harmful interference. PK and NAF agree with the Commission’s proposal that mobile signal boosters should be classified as Section 307(e) devices and authorized without an individual license for use on any or all networks.

Taking Asset Building and Earnings Incentives to Scale in HUD-Assisted Rental Housing

  • By
  • Reid Cramer,
  • New America Foundation
  • and Jeffrey Lubell, Center for Housing Policy
July 21, 2011

In the United States, housing assistance is not an entitlement. Despite annual federal expenditures in excess of $30 billion for housing subsidies distributed to roughly 4.8 million households, millions of eligible families with low incomes and high housing costs do not receive any support. Some families have applied for assistance from their local housing authorities but must wait for their names to come to the top of the list; others have not applied but may pay large shares of their income for rent, reducing available funds for basic necessities, such as food and health care.

A Global Minimum Wage System

  • By
  • Thomas Palley,
  • New America Foundation
July 19, 2011

The global economy is suffering from severe shortage of demand. In developed economies that shortfall is explicit in high unemployment rates and large output gaps. In emerging market economies it is implicit in their reliance on export-led growth. In part this shortfall reflects the lingering disruptive effects of the financial crisis and Great Recession, but it also reflects globalization’s undermining of the income generation process. One mechanism that can help rebuild this process is a global minimum wage system. That does not mean imposing U.S.

The Jobs Question

  • By James K. Galbraith, Lloyd M. Bentsen Jr. Chair in Government/Business Relations and Professor of Government, University of Texas at Austin
July 19, 2011

This is by far the most jobless of recent recoveries. Allen Sinai, a man known for describing numbers carefully, already wrote in November 2009:

Never has business shed so many workers so fast, so many people failed to find work who are looking for work, and so many dropped out of the labor force as in the current circumstance.”

By that time, the stock market was already recovering but payrolls were not. Sinai wrote:

Russia’s Revised Strategic Plan

  • By Paul J. Saunders, Executive Director, Center for the National Interest
July 15, 2011

Most nations lack the power and the self-confidence to seek to change the global order and—whether satisfied with it or not—must accept the existing order and seek to adapt to it. Russia is not one of those nations.

Russia’s twenty-first century foreign policy strategy—to the extent that it exists in a coherent form—is not a plan to cope with what may come, but an effort to encourage global trends that officials in Moscow believe will advance their country’s interests.

A Most Undemocratic Recovery

  • By Joel Kotkin, Distinguished Presidential Fellow in Urban Futures at Chapman University, Adjunct Fellow with the Legatum Institute in London
July 15, 2011

Unemployment over nine percent, the highest rate this far into a “recovery” in modern times, reflects only the surface of our problems. More troubling is that over six million American have been unemployed for more than six months, the largest number since the Census began tracking their numbers. The pool of “missing workers” – those neither employed nor counted as unemployed – has soared to over 4.4 million, according to the left-of-center Economic Policy Institute.

Syndicate content