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Michael Klein

@mwkleinphd.bsky.social
566 followers 215 following 96 posts

Econ. Prof. @ Fletcher/Tufts, Founder & Exec. Editor EconoFact

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Michael Klein @mwkleinphd.bsky.social · 28/09/2026
In our quarterly @econofact.bsky.social journalist podcast with @bcappelbaum.bsky.social Larry Edelman, Scott Horsley and Claire Jones we discussed #inflation, #federalreseve, #tariffs econofact.org/podcast
econofact.org
Podcasts | Econofact
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Michael Klein @mwkleinphd.bsky.social · 30/06/2026
SCOTUS upholds birthright citizenship. Those against it argued it would lead to “chain migration” where “anchor babies” would enable a slew of immigrants. 8 years ago my wife and I wrote an Econofact post explaining the fallacy of this argument. econofact.org/weak-links-i...
econofact.org
Weak Links in the Chain Migration Argument | Econofact
Family-based immigrant visas to the U.S. are limited to close relatives. Many categories have numerical limits and are subject to caps by country of origin.
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Michael Klein @mwkleinphd.bsky.social · 17/05/2026
30% of wealth is owned by 1%, half of that by 0.1%. Would a wealth tax raise significant revenue & reduce inequality? Are there better alternatives? Christopher Towe discusses in @econofact.bsky.social econofact.org/the-wealth-t...
econofact.org
The Wealth Tax Debate | Econofact
Increasing inequality and the need to raise tax revenues to fund social programs have fueled new proposals to tax wealth at the federal and state levels.
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Reposted by Michael Klein
The Fletcher School @fletcherschool.bsky.social · 08/04/2026
Professor Josephine Wolff joins @econofact.bsky.social to discuss the management of AI-related risks. @mwkleinphd.bsky.social econofact.org/podcast/mana...
econofact.org
Managing AI Risks | Econofact Chats
A discussion with Josephine Wolff on the limits of managing AI risks through liability and insurance.
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Michael Klein @mwkleinphd.bsky.social · 04/05/2026
I interviewed Gary Gensler (MIT) former Chair of the SEC for @econofact.bsky.social EF chats on the role of AI in finance and the role of finance for AI. econofact.org/podcast
econofact.org
Podcasts | Econofact
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Michael Klein @mwkleinphd.bsky.social · 28/03/2026
It’s a stupid, antiquated, costly policy that didn’t achieve its goal. But suspending it isn’t a silver bullet to bring down gas prices. @dbergstresser.bsky.social and Marc Melitz explain in @econofact.bsky.social econofact.org/the-jones-ac...
econofact.org
The Jones Act and the Cost of Shipping Between U.S. Ports (UPDATED) | Econofact
The Jones Act has been temporarily waived amid the spike in oil prices. The effects of the Act in times of crisis highlight a more general consequence of protectionist policies: they benefit a few pro...
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Reposted by Michael Klein
The Fletcher School @fletcherschool.bsky.social · 10/03/2026
"War in Middle East Brings Uncertainty and Higher Energy Costs to Already Weakening U.S. Economy," by Professor @mwkleinphd.bsky.social of @econofact.bsky.social. @us.theconversation.com theconversation.com/war-in-middl...
theconversation.com
War in Middle East brings uncertainty and higher energy costs to already weakening US economy
Risks for the US economy grow as the war in the Middle East continues to escalate.
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Reposted by Michael Klein
The Fletcher School @fletcherschool.bsky.social · 13/03/2026
"Iran War Punctures Trump’s ‘Drill, Baby, Drill’ Promise on U.S. Gas Prices, Experts Say," featuring Professor @mwkleinphd.bsky.social of @econofact.bsky.social. @theguardian.com @dharna.bsky.social @aliyaute.bsky.social www.theguardian.com/world/2026/m...
theguardian.com
Iran war punctures Trump’s ‘drill, baby, drill’ promise on US gas prices, experts say
Fossil fuel supply is more vulnerable to global shocks than renewable power sources and efforts to boost efficiencies
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Reposted by Michael Klein
The Fletcher School @fletcherschool.bsky.social · 18/03/2026
Professor @mwkleinphd.bsky.social on how the war in Iran will affect the U.S. economy. @cnbc.com @econofact.bsky.social www.cnbc.com/2026/03/17/i...
cnbc.com
Iran war, oil price surge worsen K-shaped economy, say economists
Rising oil prices and the fallout of the Iran war are worsening the economic divide, experts say.
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Michael Klein @mwkleinphd.bsky.social · 08/03/2026
Economic disruptions from the war, oil prices, tariffs & attacks on the Fed @bcappelbaum.bsky.social @nytimes.com Larry Edelman @bostonglobe.com Scott Horsley @npr.org & Claire Jones @financialtimes.com discuss in the new @econofact.bsky.social chats episode econofact.org/podcast/the-...
econofact.org
Podcasts | Econofact
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Michael Klein @mwkleinphd.bsky.social · 07/03/2026
Only certain thing is incertainty theconversation.com/war-in-middl...
theconversation.com
War in Middle East brings uncertainty and higher energy costs to already weakening US economy
Risks for the US economy grow as the war in the Middle East continues to escalate.
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Michael Klein @mwkleinphd.bsky.social · 05/03/2026
@fletcherschool.bsky.social asked for <=200 words about consequences of the bombing of Iran I wrote 197 on the Economic Fog of War. With the other three I could have included WTF. fletcher.tufts.edu/news-media-m...
fletcher.tufts.edu
War in the Middle East | The Fletcher School at Tufts University
Members of the media can start here to connect with faculty experts.
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Michael Klein @mwkleinphd.bsky.social · 04/03/2026
April 15 is coming. People will complain about the complexity of completing returns (rightly), the high tax rates (not so much) and the rich paying less (depends). Christopher Towe offers an int’l perspective in @econofact.bsky.social econofact.org/how-does-the...
econofact.org
How Does the U.S. Tax System Stack Up? | Econofact
Voters generally view US taxes as being too high, unfair, and overly complex. How does the U.S. tax system look when compared to other OECD countries?
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Michael Klein @mwkleinphd.bsky.social · 20/02/2026
SCOTUS nixes use of IEEPA. So many reasons why tariffs are a bad idea - Maury Obstfeld explains why in this @econofact.bsky.social interview econofact.org/podcast/trad...
econofact.org
Trade, Tariffs, the Dollar and the World Economy | Econofact Chats
This week, EconoFact Chats features an abridged version of an EconoFact AMA webinar featuring Maurice Obstfeld, former Chief Economist at the IMF.
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Michael Klein @mwkleinphd.bsky.social · 17/02/2026
Eldercare - many of us are at an age where we are either providing it or will soon need it. Charles Collyns discusses in this new @econofact.bsky.social memo econofact.org/the-rising-b...
econofact.org
The Rising Burden of Elder Care in the United States | Econofact
The U.S. spent about 1.1% of GDP on long-term care for those 65 and over in 2023. The cost rises if you take into account the contribution of informal care.
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Michael Klein @mwkleinphd.bsky.social · 15/02/2026
@simonjohnson.bsky.social joins @econofact.bsky.social to discuss the new @cepr.org book he co-edited, The Economic Consequences of the Second Trump Administration: A Preliminary Assessment econofact.org/podcast/the-...
econofact.org
The Economic Policies of the Second Trump Administration | Econofact Chats
Simon Johnson discusses how policies of the 2nd Trump administration have impacted economic growth thus far, and what it might mean for US leadership over the long-term.
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Reposted by Michael Klein
The Fletcher School @fletcherschool.bsky.social · 06/02/2026
Is Olympic performance impacted by the economy? 📈🏅 Professor @mwkleinphd.bsky.social's memo in @econofact.bsky.social dives into country-level factors that influence which countries bring home the gold. #MilanoCortina2026 #WinterOlympics #Olympics econofact.org/what-determi...
econofact.org
What Determines Countries’ Olympic Success? | Econofact
Country-level factors can help predict which countries are likely to win the most medals and which countries' women athletes are more likely to succeed.
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Michael Klein @mwkleinphd.bsky.social · 03/02/2026
Brexit, or other efforts to withdraw from the world economy, are an own goal, as shown by @nickbloom.bsky.social @paulmizen.bsky.social @kingscollegelondon.bsky.social & Greg Thwaites @uniofnottingham.bsky.social in this @econofact.bsky.social post. econofact.org/the-economic...
econofact.org
The Economic Costs of Brexit on the UK | Econofact
Brexit has had a substantial economic impact on the United Kingdom, with adverse effects on investment, productivity, employment, and growth.
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Michael Klein @mwkleinphd.bsky.social · 01/02/2026
@jasonfurman.bsky.social argues in this @econofact.bsky.social podcast that “affordability” is not necessarily worse now, but there are real concerns, especially with the costs of housing, childcare, and medical care. What policies could help? Or hurt? econofact.org/podcast/is-t...
econofact.org
Is There an Affordability Crisis? | Econofact Chats
Jason Furman notes that affordability isn't necessarily worse now than a year or two, or even decades ago. But there are real concerns too.
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Michael Klein @mwkleinphd.bsky.social · 25/01/2026
Brexit is considered one of the worst economic "own goals" - but US policies may now rival that. @nickbloom.bsky.social of @stanforduniversity.bsky.social analyzes the effects of the 2016 referendum in this @econofact.bsky.social podcast. econofact.org/podcast/less...
econofact.org
Lessons from a Decade into Brexit | Econofact Chats
Nick Bloom on the consequences of Brexit, and what it can tell us about nations seeking to disengage from the global economy today.
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Michael Klein @mwkleinphd.bsky.social · 20/01/2026
China recorded a record trade surplus in 2025, $1.2 t. This reflects both a strength & a weakness for its economy, as explained by Michael Hirson @hotpotwhynot.bsky.social & Houze Song @houzesong.bsky.social in @econofact.bsky.social econofact.org/chinas-expor...
econofact.org
China’s Export Dominance: A Sign of Both Economic Strength and Weakness | Econofact
Chinese dependence on manufacturing as an engine of growth has increased, as resistance to Chinese imports is growing abroad and domestic demand remains low.
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Michael Klein @mwkleinphd.bsky.social · 18/01/2026
The Fed is under attack. How and why are central banks insulated from political pressure and what are the consequences of the breaching of this protection? Kenneth Kuttner (Williams) discusses the role of central bank independence and recent attacks on the Fed econofact.org/podcast/the-...
econofact.org
The Risks of Politicizing the Federal Reserve | Econofact Chats
Ken Kuttner on how and why central banks are set up to be insulated from political pressure, and the economic consequences of a failure of central bank independence.
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Michael Klein @mwkleinphd.bsky.social · 12/12/2025
Wondering what the effects of Trump's tariffs have been? @econofact.bsky.social Weekend Reading (for our Premium Subscribers, but offered for you here) has some answers. eepurl.com/jt6C72
eepurl.com
Weekend Reading - Economic Consequences of Trump’s Tariffs
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Michael Klein @mwkleinphd.bsky.social · 08/10/2025
@billgale.bsky.social and Ian Berlin write “ The notion that the entire government should shut down because of a disagreement in one particular area – be it health care or clean water or whatever – defies logic and common sense.” @econofact.bsky.social econofact.org/can-we-put-a...
econofact.org
Can We Put a Stop to the Recurrent Threat of Government Shutdowns? (Updated) | Econofact
Shutdowns can cost the government more than regular operations and can hurt the economy. There have been over 20 shutdowns in the past 50 years.
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Michael Klein @mwkleinphd.bsky.social · 08/10/2025
#Gold prices at an all time high! @charlescollymore.bsky.social and I explain the surge in @econofact.bsky.social - driven by uncertainty and Central Banks econofact.org/why-has-the-...
econofact.org
Why Has the Price of Gold Risen So Sharply? | Econofact
Gold has a long history of being held as a financial asset by private investors and central banks, which can be the source of large shifts in its price.
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Reposted by Michael Klein
EconoFact @econofact.bsky.social · 23/09/2025
Kenneth Kuttner analyzes the relationship between a country's inflation rate and the effectiveness of its institutions. econofact.org/the-erosion-...
econofact.org
The Erosion of Central Bank Independence | Econofact
Legal independence for central banks has increased around the world. But it is not a one-way road. What conditions lead to an erosion of autonomy?
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Reposted by Michael Klein
EconoFact @econofact.bsky.social · 24/09/2025
What is the 10-year Treasury yield? What role does it play in the economy? What determines it? And what can the Treasury do to affect it? econofact.org/the-10-year-...
econofact.org
The 10-Year Treasury Rate: Why Is It Important and What Can Policy Do About It? | Econofact
What is the 10-year Treasury yield? What role does it play in the economy? What determines it? And what (if anything) can the Treasury do to affect it?
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Reposted by Michael Klein
EconoFact @econofact.bsky.social · 07/10/2025
@adamposen.bsky.social discusses how the pursuit of an America first policy could render the US, and much of the world, less economically stable. econofact.org/podcast/a-ch...
econofact.org
A Changing Economic Geography | Econofact Chats
Adam Posen discusses his Foreign Affairs article 'The New Economic Geography: Who Profits in a Post-American World?'
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Michael Klein @mwkleinphd.bsky.social · 29/09/2025
The impact of politics on the economy This @econofact.bsky.social memo by @wgale.bsky.social is relevant once again econofact.org/can-we-put-a...
econofact.org
Can We Put a Stop to the Recurrent Threat of Government Shutdowns? | Econofact
Shutdowns end up costing the government more than regular operations and can hurt the economy. There have been over 20 shutdowns in the past 50 years.
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Reposted by Michael Klein
The Fletcher School @fletcherschool.bsky.social · 17/09/2025
“The [U.S. Federal Reserve] is in a very difficult position right now because there is both a weakening labour market and evidence of higher inflation," says Professor @mwkleinphd.bsky.social of @econofact.bsky.social. @aljazeera.com @andyreports.bsky.social www.aljazeera.com/economy/2025...
aljazeera.com
US Fed expected to cut rates amid cooling labour market, surging inflation
Weakening labour market and higher inflation has put Fed in a ‘difficult’ position even as economists expect a rate cut.
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Reposted by Michael Klein
EconoFact @econofact.bsky.social · 19/09/2025
Charles Collyns and @mwkleinphd.bsky.social break down factors driving the recent increase in the price of gold. econofact.org/why-has-the-...
econofact.org
Why Has the Price of Gold Risen So Sharply? | Econofact
Gold has a long history of being held as a financial asset by private investors and central banks, which can be the source of large shifts in its price.
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Reposted by Michael Klein
EconoFact @econofact.bsky.social · 22/09/2025
The independence of the Federal Reserve helps ensure it can make politically difficult decisions that are in the long-run best interest of the economy. @mwkleinphd.bsky.social explains: econofact.org/leaning-on-t...
econofact.org
Leaning on the Fed (Updated) | Econofact
The independence of the Federal Reserve helps to ensure that it can make politically difficult decisions that are in the long-run best interest of the economy.
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Reposted by Michael Klein
EconoFact @econofact.bsky.social · 12/09/2025
@mwkleinphd.bsky.social explains why the Federal Reserve's independence is essential for making politically difficult decisions that are in the long-run best interest of the economy. econofact.org/leaning-on-t...
econofact.org
Leaning on the Fed (Updated) | Econofact
The independence of the Federal Reserve helps to ensure that it can make politically difficult decisions that are in the long-run best interest of the economy.
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Reposted by Michael Klein
The Fletcher School @fletcherschool.bsky.social · 16/09/2025
In an interview for Tufts Now, Professor @mwkleinphd.bsky.social of @econofact.bsky.social answered the question, "What's the Federal Reserve and why is its independence important?" @tufts.edu now.tufts.edu/2025/09/11/w...
now.tufts.edu
What’s the Federal Reserve and Why Is Its Independence Important?
Tufts economist Michael Klein explains the dangers for the economy if the president takes control of the Federal Reserve Bank.
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Michael Klein @mwkleinphd.bsky.social · 09/09/2025
@markzandi.bsky.social discusses the state of the economy (worrying), threats to the Fed (chilling), the national debt (rising) and AI (promising) in the new @econofact.bsky.social podcast. econofact.org/podcast/the-...
econofact.org
The U.S. Economy: Still the “Envy of the World”? | Econofact Chats
A discussion with Mark Zandi on the impact of tariffs and a restrictive immigration policy on U.S. economic growth and inflation.
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Michael Klein @mwkleinphd.bsky.social · 25/08/2025
This @econofact.bsky.social podcast episode is an interview with Federal Reserve Governor @drlisadcook.bsky.social on intimidation and racism. econofact.org/podcast/the-...
econofact.org
The Long Shadows Cast By Racism | Econofact Chats
The 1921 Tulsa Race Massacre destroyed an area known as “Black Wall Street,” but its effects were felt more widely than in just Oklahoma. In this episode of EconoFact Chats, Lisa D. Cook of Michigan S...
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Reposted by Michael Klein
Prof Dynarski @dynarski.bsky.social · 02/08/2025
Statement from the largest economics association about the BLS firing As context: AEA approximately never makes such public statements This is a big deal
August 1, 2025
AMERICAN ECONOMIC ASSOCIATION
Committee on Economic Statistics and Committee on Government Relations


Statement from the American Economic Association on the
Dismissal of the BLS Commissioner

Leaders of the American Economic Association express their grave concern over the dismissal of the Commissioner of the Bureau of Labor Statistics (BLS) earlier today.
The independence of the federal statistical agencies is essential to the proper functioning of a modern economy. Accurate, timely, and impartial statistics are the foundation upon which households, businesses, and policymakers make critical decisions. Undermining the independence or credibility of these agencies threatens the integrity of the information that markets, institutions, and the public rely on every day.
Measuring the vast and dynamic U.S. economy in real time is inherently challenging. It is standard practice for statistical estimates to be revised as more complete and higher-quality data become available. These revisions reflect the commitment of statistical agencies to accuracy, transparency, and methodological rigor-not failure or bias.
The BLS has long had a well-deserved reputation for professional excellence and nonpartisan integrity.
Safeguarding this tradition is vital for the continued health of the U.S. economy and public trust in our institutions.
We call upon elected officials to respect and preserve the independence of the nation's statistical infrastructure.

Lawrence Katz
President, American Economic Association
Katharine Abraham
President-Elect, American Economic Association
Karen Dynan
Chair, American Economic Association Committee on Economic Statistics
Kenneth Troske
Chair, American Economic Association Committee on Government Relations
11850772113
Reposted by Michael Klein
The Fletcher School @fletcherschool.bsky.social · 01/08/2025
Professor @mwkleinphd.bsky.social of @econofact.bsky.social highlights six key truths about tariffs and trade deficits. @marketwatch.com www.marketwatch.com/story/does-i...
marketwatch.com
Are Trump’s tariffs helping or hurting the economy? 6 key facts about U.S. trade.
There’s no connection between bigger trade deficits and slower economic growth.
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Reposted by Michael Klein
The Fletcher School @fletcherschool.bsky.social · 28/07/2025
Professor @mwkleinphd.bsky.social of @econofact.bsky.social quoted in a piece on the decreasing strength of the USD. @politifact.bsky.social www.politifact.com/factchecks/2...
politifact.com
Has the dollar just had its biggest decline in 50 years?
In the first six months of his second term, has President Donald Trump presided over a historic decline in the value of the dollar? That’s close to accurate, and economists are expressing some concern...
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Reposted by Michael Klein
The Fletcher School @fletcherschool.bsky.social · 29/07/2025
Professor @mwkleinphd.bsky.social interviews @byheatherlong.bsky.social on the importance of telling the stories of everyday people in economic journalism. @econofact.bsky.social econofact.org/podcast/cove...
econofact.org
Covering What Matters in Economic Journalism | Econofact Chats
Heather Long reflects on her career as an economic journalist, highlighting her efforts to look beyond broad statistics to get deeper insights on the state of the economy.
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Reposted by Michael Klein
The Fletcher School @fletcherschool.bsky.social · 31/07/2025
"Nixon famously put a lot of pressure on [then-Fed Chair] Arthur Burns to keep interest rates low... [resulting in] the high inflation that we had in the 1970s," says Professor @mwkleinphd.bsky.social of @econofact.bsky.social. @npr.org www.npr.org/2025/07/30/n...
npr.org
Trump keeps pressuring the Fed to cut rates. Here's why its independence matters
Trump has threatened to fire Fed Chair Jerome Powell, challenging the Fed's independence. Experts say he's not the first president to target the central bank, but he's the most public and aggressive.
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Michael Klein @mwkleinphd.bsky.social · 01/08/2025
Trump fires the BLS Commissioner because of bad jobs report. @ericagroshen.bsky.social warns of this autocratic move in this @econofact.bsky.social podcast econofact.org/podcast/the-...
econofact.org
The Vital Importance of Good Economic Statistics | Chats
A discussion with Erica Groshen on the role of the BLS, the importance of good data for decision-making, and concerns about political interference degrading the integrity of government statistics.
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Michael Klein @mwkleinphd.bsky.social · 23/07/2025
Interest payments on the national debt are now bigger than spending on national defense. @dbergstresser.bsky.social in @econofact.bsky.social explains the sources of the increase in the interest burden of the debt & its maturity structure (and why that matters) econofact.org/the-cost-of-...
econofact.org
The Cost of Financing U.S. Government Debt | Econofact
The relatively short maturity structure of US government debt means that increases in interest rates translate rapidly into higher interest costs.
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Michael Klein @mwkleinphd.bsky.social · 20/07/2025
I interviewed @byheatherlong.bsky.social about her years of making economics accessible and compelling to her WaPo readers in this @econofact.bsky.social podcast econofact.org/podcast/cove...
econofact.org
Covering What Matters in Economic Journalism | Econofact Chats
Heather Long reflects on her career as an economic journalist, highlighting her efforts to look beyond broad statistics to get deeper insights on the state of the economy.
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Michael Klein @mwkleinphd.bsky.social · 14/07/2025
#Stablecoins - an emerging money or a risk to financial stability (or both)? Are they really different from #Bitcoin? Is the #GENIUS Act stupid? Udaibir Das discusses in this @econofact.bsky.social podcast econofact.org/podcast/unde...
econofact.org
Understanding the Rise and Risks of Stablecoins | Econofact Chats
A discussion with Udaibir Das on the potential benefits and risks of widespread adoption of stablecoins.
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Michael Klein @mwkleinphd.bsky.social · 28/06/2025
I’m quoted in this @nytimes.com editorial and my @econofact.bsky.social memo with Charles Collyns is cited and linked. www.nytimes.com/2025/06/27/o...
nytimes.com
Opinion | The National Debt Is Already Causing Bigger Problems Than People Realize
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Michael Klein @mwkleinphd.bsky.social · 27/06/2025
The National Debt Is Already Causing Bigger Problems Than People Realize www.nytimes.com/2025/06/27/o... Nice shout out to my @econofact.bsky.social memo with Charles Collyns.
nytimes.com
Opinion | The National Debt Is Already Causing Bigger Problems Than People Realize
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Michael Klein @mwkleinphd.bsky.social · 03/06/2025
80:1 New #tariffs on steel and aluminum will destroy jobs. @kadeeruss.bsky.social & @lydiacox.bsky.social published original research in @econofact.bsky.social showing that the ratio of jobs that use steel in production to those that make steel is 80:1. econofact.org/will-steel-t...
account.bsky.app
Account - Bluesky Social
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Michael Klein @mwkleinphd.bsky.social · 02/06/2025
Dollar securities have served as a safe haven. But with increased US policy uncertainty has that flipped? Charles Collyns and I confirm a shift in the relationship between policy uncertainty and the dollar with our analysis in @econofact.bsky.social .
econofact.org
Is the Dollar Losing Its Edge? | Econofact
Global investors typically flock to dollar-denominated assets when economic uncertainty spikes. That has not been the case lately.
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Michael Klein @mwkleinphd.bsky.social · 27/05/2025
Will Social Security be there for you? Falling birth rates and retiring boomers mean that current levels of benefits can’t continue after 2033 without Congressional action. @gsgoda.bsky.soc of @brookings.edu explains in @econofact.bsky.social econofact.org/facing-the-s...
econofact.org
Facing the Social Security Shortfall | Econofact
If Social Security continues in its current trajectory — and no action is taken by Congress — it will only be able to cover 79% of promised benefits in 2033.
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