Moshe Adler teaches economics at Columbia University and at the Harry Van Arsdale Center for Labor Studies at Empire State College. He is the author of “Economics for the Rest of Us: Debunking the Science That Makes Life Dismal” (The New Press, 2010). His articles and editorials have appeared in...
The No. 1 problem we face is inequality, and the beginning of a new school year is the appropriate moment to ask what role education plays. Are schools part of the solution or are they part of the problem?
If the deficit remains unfunded, the president should withhold money from the enforcement and the support of laws that enrich the rich. This would lead to higher wages for workers and lower prices for consumers, and it would help shield them from the cuts he wants to make in income security programs.
During the Great Depression, high rates of unemployment prevailed for 11 years. The experience of seeing a free market system drive itself into a rut that it cannot pull itself out of is nothing new. And we have long known the solution.
Fidel Castro recently told The Atlantic that the Cuban model does not work anymore, not even for Cuba. But according to statistics collected by none other than the CIA, the Cuban model has actually worked very well.