People

Mike Derham

Mike Derham is chair of PPI's Innovative Economy Project.

Writings

Blog

By / 3.8.2010

“So did you watch the Oscars last night?” You probably heard that question at least 20 times around the water cooler this morning, and followed it up debating the merits of Avatar vs. The Hurt Locker or Jeff Bridges (who will always be “The Dude” to me) vs. Colin Firth…unless you were one of three […]

Blog

By / 2.25.2010

Paul Volcker, vanquisher of inflation in the early ’80s as chairman of the Federal Reserve System and now the chairman of President Obama’s Economic Recovery Advisory Board, said, “[T]he most important financial innovation that I have seen the past 20 years is the automatic teller machine.” While he qualified the comment as a “wiseacre remark,” he […]

Blog

By / 2.19.2010

The news yesterday that the U.S. Federal Reserve raised the discount rate 25 basis points (to 0.75 percent from 0.50 percent) is being interpreted as an indication of a fundamental change in how the Fed views our economic crisis. The hike in the discount rate could signal the beginning of the end of our economic crisis. […]

Blog

By / 2.11.2010

Things in Europe are looking grimmer than my chances of getting a taxi in blizzard-slammed New York City. Today’s announcement that Germany and France are going to provide financial aid to Greece — with stringent IMF oversight — caps off weeks of speculation that the EU would have to bail out the Hellenic Republic. The newly elected […]

Other

By and / 2.3.2010

Download the report. As the tragedy in Haiti plays out in nightly newscasts, Americans can be proud of their contribution to the relief effort. With over 16,000 U.S. forces already deployed and $100 million in reconstruction money pledged from the government — on top of over $500 million donated privately — America’s commitment is firm. […]

Blog

By / 1.28.2010

Facing almost as much uncertainty about the economy one year into his mandate as he did at the outset, President Obama gave his State of the Union address the way we’ve come to expect him to – sticking to his guns with cool determination while acknowledging that not everyone agrees with him. His speech highlighted […]

Blog

By / 1.22.2010

The White House yesterday announced new restrictions on banking activity, designed to address the issues that caused the crisis 15 months ago. Wall Street reacted by letting stocks fall 200 points, which initially would make you think the announcement must be right. The White House’s plan has two main parts: a limit on the scope of […]