Mike Konczal (@mtkonczal) / X

Mike Konczal

16.4K posts

Mike Konczal

@mtkonczal

VP Policy and Research, @EconomicSecProj. Former NEC. Liberal. #Rstats. Team Macro. Dad. Chicago guy.

DC/MD

newsletter.mikekonczal.com

Joined June 2009

Pinned
Mike Konczal
@mtkonczal
Jun 10
Very excited to have this live! I think it brings together important priorities in housing that can serve as a basis after this moment. Check it out, I also have a quick blog recap in the next link. /1
Economic Security Project
@EconomicSecProj
Jun 10
1/ Today, ESP released Building Affordability, our new policy agenda on housing, which tackles the two causes of unaffordability: broken markets and broken incomes. Written by @chao_becky, @mtkonczal, and @resnikoff, it shows how policy can expand supply while also directly
6.2K
Mike Konczal
@mtkonczal
Aug 1, 2025
This is a bad jobs report. 73,000 jobs would have been worrisome to begin with, but deeply negative revisions to the previous two-months wiped out much of the recent gains. 2025 looks a lot worse the further we get into it. There's a lot to cover, let's dig in. /1
1.6M
Mike Konczal
@mtkonczal
Jul 10, 2019
After asking Powell why the Fed has so consistently gotten the natural rate of unemployment wrong in the same direction, @AOC follows-up by discussing the breakdown of the Phillips Curve, and the idea that unemployment could be much lower without inflationary worries.
00:00
Mike Konczal
@mtkonczal
Sep 5, 2025
It's a bad number. Just 22,000 jobs, and with revisions June went negative to -13,000. Worse, deeper into the data you can see that the theory of Trumponomics is failing. It's not too late to change course, but it would require dramatic action they won't take. Let's dig in. /1
492K
Mike Konczal
@mtkonczal
Nov 11, 2025
Amazing.
POLITICO
@politico
Nov 10, 2025
Trump’s 50-year mortgage plan is getting panned. Allies blame this man. dlvr.it/TPBZHF
275K
Mike Konczal
@mtkonczal
Nov 5, 2021
The initial August jobs number of 235K started a wave of economic panic in the press. It was actually 483K, nearly half a million jobs (!). September's 194K, which signaled malaise, is revised to 312K. Revisions are big in 2021, averaging 99K/month; press hasn't managed it well.
Mike Konczal
@mtkonczal
Aug 24, 2022
A 5 percent cap and: "proposed rule would fully cover the borrower’s unpaid monthly interest, so that—unlike with current [IDR] —a borrower’s loan balance will not grow so long as they are making their [...] payments." A more just, humane, policy. content.govdelivery.com/accounts/USED/…
Mike Konczal
@mtkonczal
Nov 6, 2019
Me, before: "wealth taxes are simple, practical, and necessary for democracy and to check plutocracy." Me, now: "as the father of a daughter, wealth taxes are simple, practical, and necessary for democracy and to check plutocracy." Welcome baby Vivian.
Mike Konczal
@mtkonczal
Mar 12, 2020
Good time to revisit this question from @RashidaTlaib to Powell: if the Federal Reserve can provide emergency liquidity to the financial sector in a crisis, why can't they do the same for public entities like cities and states in the same crisis?
Mike Konczal
@mtkonczal
Jul 10, 2019
Interesting back and forth where @RashidaTlaib asks Powell that if the Fed can backstop the financial sector in a credit crisis and recession, why can't it do the same for public entities like states, cities and municipalities when they are in crisis?
00:00
Mike Konczal
@mtkonczal
Sep 29, 2023
Well that's about the best inflation print ever. Core PCE has a monthly value below 2 percent annualized (the Fed's target) for the first time since the lockdowns. But under the hood it's even better - it's all in the right directions. Let's dive in. /1
931K
Mike Konczal
@mtkonczal
Aug 27, 2020
Replying to @mtkonczal
Here's @AOC in 2019 pushing Powell on whether relationship b/w inflation and unemployment was falling apart. Powell agrees, saying they've "learned that the economy can sustain much lower unemployment than we thought without troubling levels of inflation."
Mike Konczal
@mtkonczal
Jul 10, 2019
After asking Powell why the Fed has so consistently gotten the natural rate of unemployment wrong in the same direction, @AOC follows-up by discussing the breakdown of the Phillips Curve, and the idea that unemployment could be much lower without inflationary worries.
00:00
Mike Konczal
@mtkonczal
Sep 5, 2019
I still find that people don't actually believe college was free for most of our history. Here's a 1951 UCLA catalogue casually says tuition is free; fees are $400 in today's dollars. Watch out for that out of state tuition, almost $2K in today's dollars! registrar.ucla.edu/Portals/50/Doc…
Mike Konczal
@mtkonczal
Dec 22, 2023
Wow. And there you have it. Six-month core PCE is at 1.87 percent, under the Federal Reserve's 2 percent target. I was cautiously optimistic about 2023 - I have some 'soft landing' blog posts from a year ago - but this disinflation is far beyond what I imagined. Let's dig in. /1
621K
Mike Konczal
@mtkonczal
Apr 11, 2021
Actual candidate Joe Biden, in the general campaign with “Build Back Better,” called for about $5 trillion in new spending, split between recovery from COVID and investments in care, manufacturing, and climate, partially paid by high-end taxes. Which is what he is doing.
Jonathan Karl
@jonkarl
Apr 11, 2021
Candidate Biden suggested he would be a moderate, transitional president. Nearly three months in, President Biden has blazed a different path, aiming to be a transformational president – using his narrow majority to ram through the biggest expansion of government since LBJ.