In the aftermath of the great 2013 government shutdown/debt ceiling crisis, and the kicking of the can down the road while maintaining austerity once more, the subject on many minds is where do negotiations over fiscal policy go from here? Will the new “budget committee” produce more austerity and do a grand bargain including the “chained CPI”? Will Congress finally turn towards economic growth and job creation, or will we continue to have more shutdowns and debt ceiling crises in 2014?
By Simon Johnson In an interview Thursday on PBS NewsHour, Jeffrey Brown and Treasury Secretary Tim Geithner had the following exchange: “JEFFREY BROWN: Do you think Jamie Dimon should be off the board [of the New York Federal Reserve Board]? TIMOTHY … Continue reading →
“Standard & Poor’s put a“negative” outlook on the U.S. AAA credit rating, citing rising budget deficits and debt. “We believe there is a material risk that U.S. policy makers might not reach an agreement on how to address mediu…
Bigger things to fret about than Bernanke-bred inflation
Inflation isn’t the most critical issue raised by the Fed’s actions over the past two-and-a-half years.
Special to The Seattle Times
J. SCOTT APPLEWHITE / THE ASSOCIATED PRESS
September 28, 2010
By DAVID LEONHARDT
But, remember, when politicians tell you that they are opposed to tax increases, Medicare cuts, Social Securi…