michael meeropol

Commentary & Opinion
3:51 pm
Fri May 2, 2014

Michael Meeropol: “Unholy Alliance” That Denies Climate Change Puts Future Generations In Danger

I recently read an OP-ED piece on line that really made me angry.  It focused on the coalition challenging the scientific community on the issue of global warming.  It was written by Meredith Tax and entitled “Climate change and false gods: Moloch and the bible-punchers in the US” (It was posted on April 14, 2014 on the opendemocracy.net website.)

Read more
Commentary & Opinion
3:50 pm
Fri April 4, 2014

Michael Meeropol: Opponents Of Raising The Minimum Wage Seek To Muddy The Waters With Name-Calling

Have you ever heard of the Employment Policies Institute?   It’s one of those so-called “research” organizations that are actually public relations fronts for some special interest groups.

Read more
Commentary & Opinion
3:50 pm
Fri March 7, 2014

Michael Meeropol: The Affordable Care Act And Employment Growth

I assume most of our listeners have heard of the columnist Charles Krauthammer.  Recently, he has been on a tear attempting to convince his readers that the Affordable Care Act is causing a reduction in employment.  He understands that it is no longer possible to get away with falsely asserting that the Congressional Budget Office prediction that the ACA will cause a decline in hours worked means an increase in involuntary unemployment.   Instead he argues that the voluntary decline in work because people are no longer tied to their jobs to get health insurance is somehow a terrible thing for the economy.

Read more
Commentary & Opinion
3:50 pm
Fri January 3, 2014

Michael Meeropol: Paying Unemployment Insurance Is Not Just A Moral Issue

As I speak, approximately 1.3 million of the long-term unemployed have exhausted their benefits --- they now receive nothing to bolster their spending. To some, this is an outrageous betrayal of the fundamental decency that is at the core of the best of America’s moral traditions. To others, it is about time the unemployed stopped being subsidized in their idleness – cutting off benefits, so the argument goes, will make them try harder to find a job.

Read more
Commentary & Opinion
12:50 pm
Sun September 15, 2013

Michael Meeropol: An Economic Model That “Predicts” Events Like The Financial Crisis of 2008

Have you ever heard of Wynne Godley?  Those who read the front page of the Business section of the NY Times on Wednesday, September 11, might have seen the picture and noted the name.  For others, he will be an unknown. 

Read more
Commentary & Opinion
3:47 pm
Fri August 2, 2013

Michael Meeropol: A Creative Way To Force a Principal Write-Down of Underwater Homeowners' Mortgages

Six years ago I noted in a commentary that there was a very simple solution to the foreclosure crisis that followed the bursting of the housing bubble.  The solution is to force any financial institution that foreclosed on a property to permit the current homeowners to stay in the house as renters with the rent fixed at a current market rate.  A version of this idea was introduced in Congress in 2010.

Read more
Commentary & Opinion
3:47 pm
Fri July 12, 2013

Michael Meeropol: This Economist Is Now Just A Citizen Concerned About The Right To Vote

Today I want to talk about the Supreme Court’s recent decision eviscerating the Voting Rights Act of 1965.  

Read more
Commentary & Opinion
12:53 pm
Sun June 16, 2013

Michael Meeropol: Opposing The Keystone XL Pipeline Same As Imposing A Tax on Oil From Tar-Sands

Members of my family live in New York’s 18th  Congressional District.  Previously, I have criticized the former representative from this district, Republican Nan Hayworth.  Today I want to strongly criticize the Democrat who beat her, Sean Patrick Maloney.  Recently, he voted in support of building the last section of the Keystone Pipeline – a terrible vote in my opinion.

Read more
Commentary & Opinion
3:28 pm
Fri May 3, 2013

Michael Meeropol: Janet Yellen Should Be The Next Chair Of The Federal Reserve Board

Back in 1990, a Congressman from South Carolina (Stephen Neal) introduced a bill that would require the Fed (our Central Bank) to make a zero rate of inflation its primary goal.  I was able to publish my response in the economic journal Challenge under the title, “Zero Inflation: prescription for recession.” (Challenge 1990) At the time I noted that Fed Chairman Alan Greenspan had expressed support for that goal.  What I did not know was that later in the decade, Chairman Greenspan would attempt to persuade the entire Federal Reserve Board of his view.  IN 1996, he engaged in a spirited Debate with Economist Janet Yellen, then a member of the Fed Board of Governers.

Read more
Commentary & Opinion
11:52 am
Thu November 22, 2012

Michael Meeropol: The U.S. Dodged a Bullet on Election Day

By all rights, President Barack Obama should have been beaten handily by Mitt Romney.  Usually, an incumbent President wins if the economy is doing well --- think of 1996 when Bill Clinton was re-elected, think of 1972 when Richard Nixon was re-elected.   If the economy is not doing well, an incumbent President loses:  Think of Jimmy Carter in 1980 and George H, W. Bush in 1992.  There are “close calls” in this analysis – the two that come to mind are the successful re-election campaigns of Ronald Reagan in 1984 (which resulted in a landslide victory) and George W.

Read more

Pages