Ady Barkan Profile picture
Jan 13, 2018 16 tweets 9 min read Twitter logo Read on Twitter
Wow look! Full employment makes "unemployable" people very employable. And it has tremendous ability to combat racial inequality.

*This* is why we launched Fed Up. Full employment is the most powerful public policy that exists for improving lives.…
By empowering workers to quit if they want, full employment:
Raises wages,
reduces inequality,
combats racial discrimination,
promotes gender equity,
reduces sexual assaults/harassment,
stabilizes schedules,
facilities unionization,
reduces depression&suicide
Enhances skills.
I know there's no such thing as a panacea, but I think that's a pretty unparalleled list of benefits that come as a result of one policy intervention!

Fed Up has been making this argument for 3.5 years.

Folks like @DeanBaker13, @WSpriggs, @econjared, @StephanieKelton, @LarryMishel, and @SandyDarity for upwards of 3 decades.

Folks like @AFLCIO and @SEIU for about a century!
And yet many officials at the Federal Reserve want to forgo these benefits.

The presidents of the @sffed @BostonFed @NewYorkFed and others think that unemployment is too low. Too low!

Although she's been respectful&engaging w/ us, the @KansasCityFed prez has been particularly wrong on this.

For ~7 years she's argued we should slow economic growth to avoid inflation. Many millions wouldn't have their jobs today if full Fed had agreed.

Yet no mea culpa.
In contrast, some @federalreserve leaders have been heroic advocates for genuine full employment.

Lael Brainard has been the strongest voice, anchoring the debate in evidence, rigorous analysis & logic.

America **really really** needs her not to quit & let Trump replace her.
At the @ChicagoFed, Charles Evans has consistently pushed his colleagues to be more ambitious about capturing the benefits of full employment.

His Evans Rule started to shift the terms of debate around 2013.
For past 2 years, @MinneapolisFed's @neelkashkari has been simply remarkable.

His commitment to transparency&self-reflection makes him a model public policy maker. (And my fav Republican!)

Srsly, can anybody refute this? The hawks don't dare try!…
For years, Neel's predecessor Narayana Kocherlakota played that lonely role.

Notably, he wrote a landmark blog post 2 years ago this weekend (MLK!) showing how lack of diversity at Fed made it blind to the economic realities in Black America.

Read it.…
At Fed Up, we pounced on Narayana's potent piece of evidence: During the height of Great Recession, no Fed official had ever uttered the words Black or African American!

We organized our allies on Capitol Hill to demand reform. @JordanHaedtler and ErikSperling whipped the votes.
120 full employment champs, led by @RepMaxineWaters @SenWarren @SenSanders & @RepJohnConyers sent a powerful letter to @federalreserve expressing deep concern.

Bad governance was leading to bad policy, and black & brown people were paying the price.
We got results immediately. The @federalreserve adopted a practice of reporting & discussing labor market statistics -- disaggregated by race -- at every policy-setting meeting!

All of a sudden, for the first time in 100 years, racial inequality was front and center at the Fed.
Something else happened too. The @federalreserve's lack of diversity finally became untenable.

To the @AtlantaFed's great credit, it appointed as its head a highly qualified economist w/ expertise in housing&discrimination.

Meet @RaphaelBostic, the first Black Fed prez ever!
And guess what? @RaphaelBostic is now publicly playing for team full employment, explaining that wage growth tastes good to Americans and we want more of it not less.

It matters who sits at the table.…
So there you have it.

A little MLK weekend thread about the hidden-in-plain-sight class&race politics at the @federalreserve, + how they impact the lives of every American.

And about how, by speaking out, we can take back our democracy. Even its most opaque & insulated parts.

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More from @AdyBarkan

Oct 7, 2018
2 years ago today, @rachael_scar and I walked into the neurologist's office. She was carrying 4-month-old Baby Carl on her chest.

We walked out an hour later with my death sentence. ALS would paralyze and then kill me, and there wasn't anything we could to stop it.
How would we persevere? What we do with the short time I had left? How could we find hope in the dark?

These were our personal challenges. But they became questions for the nation a month later when Donald Trump was elected president.
Over the past 24 months, I lost the ability to run, and then even to walk; the ability to cut food, and then even to feed myself; the ability to speak quickly, and soon even to speak at all.

And yet, this journey has been better than I feared. On most days, I am happy.

Read 6 tweets
Oct 3, 2018
Do you want Brett Kavanaugh impacting your life for the next 30 years? If not, you have three days to #CancelKavanaugh.

Here are 5 things you can do. I promise you will be glad you did.

(Please RT to help save our democracy.)
1. Show up at a vigil Wednesday evening.

There are vigils happening all around the country. Find one near you, bring some friends with you, alert your local TV station, and tweet out some photos.
2. Come to Washington DC on Thurs/Friday.

We all saw what a huge impact @AnaMariaArchil2 had, simply by showing up to the Senate and telling her story. She wants you to join her. 9 am in the Hart Senate Office Building.

There are buses from major cities.
Read 6 tweets
Apr 7, 2018
.@WorkingFamilies comms director @joedinkin has a better answer than these data wonks:

Reject issue by issue silos & instead go for meta themes.

70: Trump is enriching the rich and powerful at the aexpense of ordinary Americas. (Trumpcare, tax scam, gov corruption all fit here)
30: Trump is dividing Americans from eachother & we can't let him do it. (Attacks on immigrants&muslims fit here, so do voting rights, mass incarceration, civil rights, lgbtq, metoo. This is actually all a pretty dopy way of framing things but the polling suggests it works.
“These are of course both framed in the negative but I'd also split these to be framed in the positive at least 60% of the time. I think people's feelings abt trump are pretty well baked so actually i'd say these should be mostly framed in the positive with the contrast assumed.”
Read 5 tweets
Jan 29, 2018
Like usual, @realDonaldTrump is attacking smart black people who disagree with him. Today's installment? Saying that Jay Z and @VanJones68 should be grateful to him for low black unemployment rates.

@shawnsebastian has a full rebuttal here. I'll give you the abridged version.
First, Donald Trump gets zero credit for the strong economy. Take a look at these 2 charts. The recovery started 8 years ago (under a Black president).

And it was propelled forward until now because Janet Yellen insisted on pursuing true full employment.

Trump fired Yellen.
Yellen was most successful Fed chair in history. She pushed unemployment down & kept inflation low. But Trump replaced her with a less qualified man because he wanted to make his mark on the Fed.

So, his taking credit for this economy is really rich.…
Read 10 tweets
Dec 31, 2017
Some end-of-year thoughts about this moment, this movement, power, race, money, and what we need to do together over the coming 10 months. Please read it and retweet it if it strikes a chord with you. And, white people, *please* open your wallets before midnight tomorrow.
This year has been exhausting. For all of us. The racism & xenophobia has been out of control. To me, as a white person, it has been offensive & shocking. But you know what? Those feelings are negligible compared to what it's felt like to be on the receiving end of the hatred.
One example is the disparity between how @lsarsour and I get treated on Twitter. I have received overwhelming positive support. Linda receives daily waves of hatred, racism, and sexism. And death threats. She needs a security detail to get around her beloved Brooklyn.
Read 15 tweets
Dec 30, 2017
Yesterday, I linked to @CharlesPPierce's piece arguing that @realDonaldTrump is exhibiting serious cognitive decline. I said he has dementia. I invited you to share your stories of loved ones with similar problems, & hundreds of you did, movingly.
But some of you also pushed back, arguing that it was irresponsible of me to make that armchair diagnosis, because it stigmatizes people with mental illness. It's an important critique, on a crucial question in American politics, so let's talk about it now. #CripTheVote
Last year, disability rights organizers @SFdirewolf @AndrewPulrang & @GreggBeratan created the hashtag #CripTheVote to mobilize disabled voters and talk about disability issues. So we should that hashtag here.…
Read 12 tweets

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