Publications

Publications

Get Everyone Back to Work – and Make Work Pay

Summer is normally a time when Americans look forward to taking a vacation. In the pandemic summer of 2020, however, many of us probably would like nothing better than to get back to work. Since the coronavirus reached our shores, tens of millions of Americans have been laid off or furloughed. Many others have had…

Spur Digital Manufacturing in America

This piece is part of our Building American Resilience Series. Resilience is the ability to react quickly to unexpected events. Market economies are inherently resilient because they are decentralized. But by outsourcing too much production to the rest of the world, the U.S. has traded much of its flexibility and resilience for somewhat lower short-run…

Building American Resilience: A Roadmap for Recovery After COVID-19

For Americans and much of the world, 2020 has been an annus horribilis. Following its outbreak in China late last year, the coronavirus has spread quickly across the main international travel and trade routes. To contain the pandemic, nations have been forced to order mass quarantines, freezing economic activity and social life. It likely will…

Credit Rating Agencies: Sending A Clear Signal

INTRODUCTION  The Covid-19 pandemic has sent the global economy and financial markets into an unprecedented crisis. The path of the downturn and recovery is difficult to discern. Some companies and nations are likely to survive and prosper, while others will struggle indefinitely. In this context, bond markets will be looking to rating agencies to objectively…

Regulatory Improvement for Independent Workers: A New Vision

One of the biggest productivity advances in recent years has been the use of platforms to connect buyers and sellers at lower cost. Platforms offer less rigid contractual arrangements, expanded earnings opportunities for workers and access to essential goods and services for underserved communities. Overall, platforms generate win-win economic activity which benefits everyone.  The flexibility…

Return Free Filing Won’t Fix What’s Wrong With America’s Tax System

Because of COVID-19 Tax Day moved this year from April to July. That means the debate over the supposed panacea to the convoluted process of filing taxes – a return-free filing system (RFF) – is now making its annual appearance, albeit four months late. The return-free filing idea has been around for a longtime and…

Low-Income Borrowers and the Auto Loan Market

Executive Summary Some are concerned that subprime auto loans – which offer higher interest loans to riskier borrowers – pose a threat to the stability of the global economy in much the same way that the subprime mortgage market contributed to the Great Recession. Democratic presidential candidate Elizabeth Warren, in particular, has raised the warning…

The Slowdown in American Entrepreneurship: How Would a Democratic President Respond – And What Should Be Done?

In the November debate among Democratic presidential candidates, Sen. Cory Booker said the following: We Democrats also have to talk about how to grow wealth, as well. … [W]e as Democrats have got to start talking not just about how we tax from a stage, but how we growth wealth in this country amongst those…

The App Economy in India

India is one of the premier technology countries in the world. According to one forecast, India will overtake the US as the world’s largest developer population center by 2024. (1) India is also one of the leading countries for mobile app downloads, due to its more than 500 million smartphone users. (2) At the same…

Funding America’s Future: A Progressive Budget for Equitable Growth

PPI’s Progressive Budget for Equitable Growth gives the next administration a framework for investing in our country that doesn’t stick young Americans with the bill. It powers the engines of American innovation by increasing investments in infrastructure, education, and scientific research by more than 70 percent relative to what they would be under current law.…