Publications

In this issue, Senator Daniel Patrick Moynihan talks with Sanjay Mongia about Social Security, tax reform, income inequality, and trade. Moynihan argues that Social Security should return to a pay-as-you-go system that allows participants to invest part of their contribution in a savings plan.

Contents: Symposium on Employment Policy and Labor Markets: Is There a Shortage of Information Technology Workers? * Editorial: Toward Full Employment without Inflation: The Job Opportunity Program (Dimitri B. Papadimitriou, L. Randall Wray, and Mathew Forstater) * The Levy Report Interview: Senator Daniel Patrick Moynihan Discusses Social Security, Tax Reform, Income Inequality, and Trade * New Working Papers: The Hierarchy of Money * The Asian Disease: Plausible Diagnoses, Possible Remedies * Public Capital and Economic Growth: Issues of Quantity, Finance, and Efficiency * Yes, 'It' Did Happen Again—A Minsky Crisis Happened in Asia * East Asia Is Not Mexico: The Difference between Balance of Payments Crises and Debt Deflations * An Important Inconsistency at the Heart of the Standard Macroeconomic Model * Speed of Technical Progress and Length of the Average Interjob Period * The Macroeconomics of Industrial Strategy * New Public Policy Brief: Overcoming America's Infrastructure Deficit * New Policy Notes: Welfare Graduates: College and Financial Independence * How Should the Surpluses Be Spent? * Levy Institute News: Lectures and Seminars * New Scholars