J. W. Mason is a Fellow at the Roosevelt Institute and associate professor of economics at John Jay College, City University of New York. His work focuses on macroeconomic policy, corporate and public finance, and debt.

In “Don’t Fear the Deficit,” Roosevelt Fellow JW Mason and Senior Associate and Research Assistant Kristina Karlsson argue that every candidate’s plan to combat the climate crisis—as of October 2019—is affordable and can be paid for without imposing broad-based taxes on working and middle-class Americans. In fact, due to persistently low interest rates, all of

The goal of this paper is to address the most common objections to the idea that short-termism—the focus on short time horizons by both corporate managers and financial markets—is a serious problem for the U.S. economy. These objections fall into three broad categories: short-termism is not real (because of an apparent increase in business investment),

This paper provides evidence that the strong empirical relationship of corporate cash flow and borrowing to productive corporate investment has disappeared in the last 30 years and has been replaced with corporate funds and shareholder payouts. Whereas firms once borrowed to invest and improve their long-term performance, they now borrow to enrich their investors in

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