Can Domestic Policy Affect Income Distribution?
March 13, 2012
On March 9, Carnegie Mellon economist Allan Meltzer argued in the Wall Street Journal ("A Look At The Global One Percent") that income inequality is a global phenomenon and therefore not a problem that can be solved through changes in U.S. domestic policy. He's right about the first proposition and wrong about the second. Actually, he isn't even entirely right about the first. Yes, income inequality is occurring globally. But it isn't happening uniformly. Until recently it was declining in France, Ireland, and Spain. Now it's declining in Turkey and Greece, and it's basically flat in France.
Beyond Auto Exports in the Great Lakes
August 25, 2010
What the Great Lakes region exports to the world now is, mostly, cars. But its rich network of universities and medical complexes may be one of the best bets for its export future. A recently released University Research Center report documents how Michigan’s leading universities are helping to move its manufacturing base to more diverse and higher end advanced products in energy components, pharmaceuticals, sensors, circuits and robotics.