Commentary

Vice President Biden’s former economist to speak in Raleigh January 21 – Reserve your seat today

From our colleagues at the N.C. Budget and Tax Center:

Jared bernsteinGet your tickets today for a conversation about what’s next for North Carolina’s economy

What will it take for North Carolina’s economy to work for everyone not just a few? The state’s economy is recovering along with the nation but there are troubling signs that the expansion is not reaching many in North Carolina.

Join us for a special keynote address and conversation with national policy expert Jared Bernstein.

From Recovery to Prosperity: What North Carolina Needs to Build an Economy for All

January 21st at 11:30 am
McKimmon Center at NC State University
1101 Gorman Street, Raleigh, NC

Individual Tickets $20
Student Tickets $10

Jared Bernstein, Senior Fellow at the Center on Budget and Policy Priorities, will share his research on the state of the economy, insights into North Carolina’s performance relative to the nation and policy ideas that will improve employment outcomes and support broad economic well-being across the state.

The Budget & Tax Center will also offer a brief presentation on how we can ensure opportunity and prosperity are broadly shared among all North Carolinians.

It’s clear that a new approach to our economy is needed. Median incomes and wages continue to fall, costs for the basics are rising and many of the pathways out of poverty or protections for people struggling have been eroded due to tax cuts and flawed policy choices at the state level. Beyond the rhetoric, the facts on the ground demonstrate that North Carolina has not connected all communities and provided opportunities for everyone to be successful in the economy.

BUY TICKETS TODAY!

Table sponsorships are also available. Contact Alexandra Sirota at 919-861-1468 or alexandra@ncjustice.org to find out more.

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Bernstein, Baker: Trade deficit, not the budget deficit holding back the economy

Here’s the intro to today’s “must read” from two of the nation’s most astute economists:

Taking aim at the wrong deficit
By Jared Bernstein and Dean Baker

Jared Bernstein

Dean BakerWASHINGTON – Ask most people in this city what the most important step is to increasing economic growth and job creation, and they’ll reply, “Reduce the budget deficit!”

They’re wrong. So-called austerity measures — lowering budget deficits while the economy is still weak — have been shown both here and in Europe to be precisely the wrong medicine. But they could be on to something important if they popped the word “trade” into that sentence.

Simply put, lowering the budget deficit right now leads to slower growth. But reducing the trade deficit would have the opposite effect. Not only that, but by increasing growth and getting more people back to work in higher-than-average value-added jobs, a lower trade deficit would itself help to reduce the budget deficit….

Read the rest of the essay at the New York Times by clicking here.