Advancing Research • Shaping Policy • Developing Leaders
Hacker and Loewentheil’s Op-Ed on Inequality and Economic Growth
Jacob Hacker and Nate Loewentheil published an op-ed in The Baltimore Sun on the consquences of austerity budgets on economic growth. In the piece, “Inequality Hinders Economic Growth,” the authors argue that deregulation and slashing public spending excerbates the ever growing inequality in this country.
From the article: “Nor are these challenges limited to the poorest Americans. Many middle-class families face comparable difficulties paying for housing and health care, attaining a decent education, and establishing savings. This is the second issue: A weaker middle class means a weaker economy.”