TCF senior fellow Richard Kahlenberg and fellow Halley Potter comment on Nelson Smith’s review of their recent book, A Smarter Charter.
Read Smith’s original review.
Check out Kahlenberg and Potter’s response.
Then head back over for Smith’s response to Kahlenberg and Potter’s response.
Contrary to what economic theory would predict, business investment in things like new plants and equipment often increases when interest rates go up. Says Thoma:
The answer lies in the "all else equal" assumption economists make when examining the relationship between two variables. If nothing else in the world changed when interest rates go up, investment would fall.
But -- as Fed policy shows -- interest rate increases often result from an improving economy, and the outlook for the future has a much larger impact on investment than interest rate changes. Thus, when the economic outlook improves, we see interest rates rising in general, but the improved outlook has a larger positive impact on business investment than any negative impact from higher rates.
Read the full article.
The U.S. health care system “prizes the length of a patient’s life over the quality of that life in a person’s final years,” writes TCF fellow Harold Pollack at the Washington Post’s Wonkblog. Pollack interviews author Atul Gawande, whose new book argues that those priorities are wrong. Says Gawande:
If you look at the studies, they find that having a palliative care doctor or geriatrician more closely involved in care can lead people to forego aggressive therapy sooner and have better outcomes--not only less suffering but even improved survival. But we don’t have enough of these doctors to go around.
Read the full interview at WonkBlog.
John Wasik reviews TCF senior fellow Jeff Madrick’s new book, Seven Bad Ideas for Forbes. Says Wasik:
When I read the book recently, I came to the conclusion that Madrick will not only make a ton of enemies among his fellow economists, he’s trashing the conventional wisdom of mainstream economics. It’s about time.
Read the full review at Forbes.
A grand bargain on federal fiscal policy is an idea that is dead on arrival, says TCF fellow Andrew Fieldhouse U.S. News. A better idea: states and the federal government should reverse roles in Medicaid and education. The bargain: the federal government will pick up some of the states' share of Medicaid costs and states will in turn invest more in higher education.
To efficiently rejigger their roles, states should agree to provide more money for higher education in exchange for the federal government taking on a greater share of Medicaid financing. Rising Medicaid expenditures are consuming an increasing share of states’ revenue, which in turn crowds out other priorities, such as investment in higher education. The Great Recession greatly aggravated this dynamic.
Read the full article.
TCF fellow Ed Kleinbard tells Bloomberg Surveillance that a revenue shortfall will impact that narrowing of the U.S. deficit. Watch:
TCF fellow Ed Kleinbard discusses the economic impact of lower oil prices on Bloomberg Surveillance. Watch:
TCF fellow Ed Kleinbard talks to Bloomberg Surveillance about inequality and poverty in the United States. Watch:
TCF senior fellow comments on Michael Bloomberg's new initiative to expand college access and completion" for low-income, high-achieving students. Says Kahlenberg:
There’s very little incentive for universities to address a lack of economic diversity…Racial diversity is much more visible, and socioeconomic diversity is much more expensive to address because you have to provide financial aid.
Read the full article.
If we could have the best school we can imagine, what would it be?
In a new post at Education Week, TCF senior fellow Richard Kahlenberg and fellow Halley Potter explore how City Neighbors Charter School in Baltimore is answering that question.
Chartering gave City Neighbors' founders the flexibility to do things that are fairly unusual among charter schools. The charter school model has allowed them to pioneer a collaborative governance structure that includes teacher representation on the governing board and provides large blocks of shared planning time—while remaining part of the city school district's collective bargaining agreement.
Read the full article at Education Week.
This summit will reinforce the importance of racial and socioeconomic diversity in higher education, and identify new paths to achieving these goals relative to legal constraints recently determined by the U.S. Supreme Court.