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Crunch by Jared Bernstein

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Preface

My name is Jared and I am a practicing economist.

I made my first graph decades ago, and while it sure felt good to see the way the bars lined up, I figured I could control the impulse. After a while, I was making several graphs and tables per hour, and talking earnestly about inflation, supply and demand curves, and Federal Reserve policy. I still thought I could stop whenever I wanted to.

It hasn’t worked out that way. In fact, it’s gotten much worse. I now go on TV shows and have raging arguments about tax cuts, trade balances, the minimum wage, and unemployment. Maybe you’ve seen me while flipping through the channels. Maybe you’ve wondered, whatever’s got this guy so wound up?

I’ll tell you. Economics has been hijacked by the rich ...

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