Sunday, November 16, 2014


DDay lists some obviously good public policy choices that would increase the GDP growth rate.

  • Moving to a postal banking system would reduce living expenses for the poor by relieving them of the $2,400 a year they pay in interest and fees to predatory “alternative financial services” like check-cashing stores and payday lenders. 
  • Keeping common resources like energy and infrastructure public, rather than privatizing those functions, also can lower the cost of living, raising inflation-adjusted wages. 
  • Adding good jobs with proper pensions in the public sector — which employs the fewest workers since 1966 — could help. 
  • Even increasing housing density in expensive residential areas, more of a market-based approach, could yield benefits at the margins. 

That is one of our policy objectives, isn't it?