michael meeropol

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.

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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.

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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. 

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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.

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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.  

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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.

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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.

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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.

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Commentary & Opinion
12:33 pm
Fri July 6, 2012

Michael Meeropol: Some Disturbing Implications of the Results from the Recall Election in Wisconsin

My wife, Ann and I have fond memories of the time we lived in Wisconsin.  I got my Ph D from the University of Wisconsin in Madison.  Ann, taught in the public schools and our son was born in Milwaukee.  We have always had a great deal of respect for the great progressive traditions of the State of Wisconsin.

Thus, when Governor Scott Walker introduced a budget bill into the State Legislature that would not merely cut pensions of government workers but strip them of all collective bargaining rights, I was heartened by the outpouring of opposition within the state.

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Commentary & Opinion
3:37 pm
Fri May 4, 2012

Michael Meeropol: The Extent of the Recent Growth in Inequality

On April 17, the front page of the New York Times had an article about two economists.   No, it was not about Ben Bernanke and Alan Greenspan who are very well known.

Instead, the two economists are academics – academics who are not household names.

These two economists, Thomas Piketty and Emanuel Saez, have done path-breaking research to document the incredible increase in inequality that has occurred in the US since about 1980. 

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