I don't have any grand, new points to make here, they've all been made before, I just want to point out that the idea of "public goods" and the need for government to provide them has been lost in discussions...
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Author Archive
Public Goods and Countercyclical Fiscal Policy
"Making Social Security Less Generous Isn’t the Answer"
Ezra Klein: Making Social Security less generous isn't the answer, by Ezra Klein, Commentary, Washington Post: ...Raising the Social Security retirement age has become as close to a consensus position as exists in American politics. ... And for a while,...
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links for 2010-09-04
Obama to Pitch Making Research Tax Credit Permanent - NYTimes.com Again with the Small Business Myth - Capital Gains and Games Snapshots of the Employment Situation - Econbrowser No Really, We Did Have A Huge House Price Boom - The...
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The Fed Can Help, and Should Help, but Fiscal Policy Can Do Even More
The Fed has been under considerable pressure recently by those, me among them, who believe the Fed should use quantitative easing to lower long-term interest rates. However, a temporary investment tax credit can provide the same incentives for business investment...
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How Illegal Immigrants are Helping Social Security
Illegal immigrants are helping to finance your retirement: The contributions by unauthorized immigrants to Social Security ... are much larger than previously known... Stephen C. Goss, the chief actuary of the Social Security Administration and someone who enjoys bipartisan support...
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Stiglitz and Bilmes: The True Cost of the Iraq War
Joseph Stiglitz and Linda Bilmes: The true cost of the Iraq war: $3 trillion and beyond, by Joseph E. Stiglitz and Linda J. Bilmes, Commentary, Washington Post: Writing in these pages in early 2008, we put the total cost to...
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Stephen Hawking’s Big Bang Gaps
I probably should have posted this discussion of naked CDS from Yeon-Koo Che and Rajiv Sethi, but for some reason I felt like something different from the usual fare: Stephen Hawking's big bang gaps, by Paul Davies, CIF: Cosmologists are...
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links for 2010-09-03
Economic consequences of speculative side bets: naked CDS - voxeu “Low for long”: A risky but necessary interest rate policy - voxeu Payroll Tax Holiday with a Twist - David Beckworth The Real Lesson of Labor Day - Robert Reich...
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"Optimism…Pessimism…and a Bit of Perspective"
Dennis Lockhart, president of the Atlanta Fed, makes it clear that presently he sees no need for more stimulus -- a slow, plodding recovery like we had in the previous two recession is the best we can expect. If we're...
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Will a Payroll Tax Cut Stimulate the Economy?
Will a payroll tax cut stimulate the economy? I am going to answer this in the context of Gauti B. Eggertsson' paper "What Fiscal Policy Is Effective at Zero Interest Rates?" where this question is addressed directly (the analysis begins...
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- FT.com / Technology - Oracle looks to give Hurd leading roleOracle looks to give Hurd leading role: By Joseph Menn in San Francisco Oracle's board will meet within days to vo... http://bit.ly/9WhXp00 comments […]
- FT.com / Technology - Google warned on China plansGoogle's technological lead over Baidu has eroded, the company's former China head has said, highlighting the increasing challenges western internet companies face in the world's most populous internet market0 comments […]
- Time for retailers to plan for the worst - TelegraphManagement expert John Timpson tackles investment decisions, female board directors, and retirement ages.0 comments […]
- FT.com / Columnists / Lucy Kellaway - Twitter is no way to manage a smelly messAn offhand comment on the site by a well-known smart alec triggers corporate overkill from Starbucks, writes Lucy Kellaway0 comments […]
- FT.com / In depth - Tories head off alternative-vote rebellionA threatened Conservative rebellion on voting reform – which could have raised serious tensions within the coalition – looks to have been averted after intense pressure by the whips0 comments […]
- Home owners to be moved off interest-only mortgages - TelegraphHome owners with interest-only mortgages are being made to pay higher monthly payments after being moved onto repayment deals amid fears of a double-dip in the housing market.0 comments […]
- FT.com / Capital Markets - Eurozone governments to step up borrowing in SeptemberThe eurozone debt crisis is about to enter a dangerous phase as governments prepare to step up borrowing in the capital markets to fund their faltering economies0 comments […]
- FT.com / Capital Markets - Eurozone governments to step up borrowing in SeptemberThe eurozone debt crisis is about to enter a dangerous phase as governments prepare to step up borrowing in the capital markets to fund their faltering economies0 comments […]
- New Zealand Earthquake Reconstruction Likely to Cost About $1.4 Billion - BloombergNew Zealand Earthquake Reconstruction Likely to Cost About $1.4 Billion - Bloomberg http://bit.ly/azUAW60 comments […]
- Wall Street faces an economy at a 'crossroads' - Sep. 5, 2010Wall Street faces an economy at a 'crossroads' http://bit.ly/cUqRE00 comments […]
- More people say economy is in poor shape - Sep. 5, 201081% rate U.S. economy as 'poor' - CNN poll http://bit.ly/cdghcs0 comments […]
- Israel stocks up; deals in property, cars in focus Israel Stocks - MarketWatchIsrael stocks up; deals in property, cars in focus Israel Stocks - MarketWatch: http://bit.ly/bxY4kl via @addthis0 comments […]
- FT.com / Capital Markets - Eurozone governments to step up borrowing in SeptemberThe eurozone debt crisis is about to enter a dangerous phase as governments prepare to step up borrowing in the capital markets to fund their faltering economies0 comments […]
- FT.com / Japan - Kan in close fight to remain Japanese PMNaoto Kan, Japan's prime minister, is locked in an extremely close race with ruling Democratic party challenger Ichiro Ozawa, according to polls of the party members that will decide this month's DPJ leadership election0 comments […]
- FT.com / FTfm / Investment strategy - Protection of money market investors at riskSponsors will be less likely to bail-out money market funds to avoid breaking the buck0 comments […]