By Jared Bernstein

ISBN-10: 1576753875

ISBN-13: 9781576753873

ISBN-10: 1576759482

ISBN-13: 9781576759486

Because the new century unfolds, we are facing a number of monetary and social challenges-- jobs misplaced to ''''''''off shoring,'''''''' a major and starting to be variety of americans with out medical insurance insurance, an increasing hole among wealthy and terrible, stagnant wages, decaying public colleges, and so forth. those are tough and complicated difficulties, yet our government's method for facing them has been basically to not take care of them in any respect. persistently, in refined and not-so-subtle methods, we are advised that we are on our own-- ''''''''Here's a tax reduce and a personal account; now pass fend for yourself.'''''''' As Jared Bernstein issues out, this process does not make any feel as a technique for fixing the big systemic difficulties we are facing. it really is only a means of transferring fiscal chance from these such a lot capable of undergo it-- the govt and the nation's corporations-- to these least capable: participants and households. the outcome has been higher wealth for the pinnacle 1% of usa citizens and stagnant residing criteria and extending lack of confidence for the overwhelming majority. In All jointly Now, Bernstein outlines a brand new method, person who applauds person initiative yet acknowledges that the issues we are facing as a state may be solved provided that we take a extra collaborative process. The message is straightforward: we are all during this jointly. Bernstein attracts on fresh and historical occasions to discover how the proponents of what he dubs the YOYO (you're-on-your-own) procedure have offered the belief, exposing the fallacies and ulterior causes of their arguments in addition to the disasterous outcomes in their rules. extra importantly, he information sensible WITT (we're-in-this-together) projects in particular components like globalization, health and wellbeing care, and employment that can enhance the lives of thousands of usa citizens with no expanding total nationwide spending. And he deals recommendation on the best way to conquer objections to the WITT schedule and produce the rustic jointly in order that either hazards and merits are shared extra rather. whereas the present philosophy insists that every one we will be able to do is focus on enormous social forces, each one people on our personal, Bernstein argues that we will unite and form those forces to fulfill our wishes. The positive message of All jointly now's that the industrial demanding situations we are facing aren't insoluble; we will be able to wield the instruments of presidency to satisfy them in this kind of method as to construct a extra simply and equitable society.

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Additional info for All Together Now: Common Sense for a Fair Economy (BK Currents (Paperback))

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Before 1996, when the welfare reform act was passed, welfare recipients worked outside the home less than they would have if they hadn’t been on welfare, but just a bit. What blocked them from the job market had much less to do with the stingy welfare benefits and much more to do with the scarcity of decent job opportunities and the lack of government support for those seeking work, like subsidized child and health care. Employment among the poor surged in the mid-1990s because the economy was strong and because welfare reform led to significantly more, not less, government investment in helping poor single mothers find and keep jobs.

But even though this profound policy shift is very much upon us, its nature is not always obvious. We are thus lucky that some clever and dedicated people have recognized the problem and are documenting it. R I S K S H I F T: T H E Y O Y O S ’ M O D U S O P E R A N D I Much like Gottfried Leibniz and Isaac Newton, who, working separately, discovered the calculus at the same time, an economics reporter and a Yale professor discovered that a historically important shift was occurring regarding economic risk.

The ascendant economists backed him up with models that “proved” that if the interventionists tried to push the unemployment rate below its “natural level”—their actual language—havoc would break loose in the form of upwardly spiraling prices. For the record, those models fit the data for this period and haven’t since,2 but the confluence of stagflation, Reagan, and the rise of the YOYOs put Keynesian economics on the run. ) The economics that replaced it has had a variety of names. Friedman’s variety came to be called monetarism, Robert Lucas introduced the term rational expectations, but, as noted above, most just call it neoclassical economics.

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All Together Now: Common Sense for a Fair Economy (BK Currents (Paperback)) by Jared Bernstein


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