By James Kwak Why do some people oppose immigration reform? One conservative objection is that we should follow rules and punish lawbreakers (not to mention all the other arguments that have to do with protecting a white, Protestant, English-speaking nation). … Continue reading →
Tag Archive for Fiscal Policy
Contributors- Economic and Financial, Must Read, William Black
A Plague on All Your Budgets – New Economic Perspectives
by Devin Smith •
This is a syndicated repost courtesy of New Economic Perspectives. To view original, click here. Reposted with permission. By Joe Firestone The Sector Financial Balances Model: Domestic Private Balance + Domestic Government Balance + Foreign Balance = 0 is an accounting identity that provides a focus for macroeconomic analysis, explanation, and prediction by economists applying…
Contributors- Economic and Financial, Must Read
Is It Really About “Dysfunctional” Partisanship? New Economic Perspectives
by Devin Smith •
This is a syndicated repost courtesy of New Economic Perspectives. To view original, click here. Reposted with permission. The popular narrative in Washington, DC these days among the MSM pundits is that the Congress is “dysfunctional” in the sense that it is very difficult for it to pass a budget and rise above periodic “fiscal”…
Contributors- Economic and Financial, Must Read
Can the Federal Reserve Really Refuse To Accept and To Credit A Platinum Coin Deposited By the US Mint? New Economic Perspectives
by Economic Perspectives from Kansas City •
This is a syndicated repost courtesy of New Economic Perspectives. To view original, click here. Reposted with permission. Can the Federal Reserve Really Refuse To Accept and To Credit A Platinum Coin Deposited By the US Mint? By Joe Firestone The issue of whether the Fed can really refuse to accept and credit a deposit…
Contributors- Economic and Financial, Must Read, William Black
Good Luck Stopping Austerity With Incremental Platinum Coin Seigniorage! New Economic Perspectives
by Devin Smith •
This is a syndicated repost courtesy of New Economic Perspectives. To view original, click here. Reposted with permission. Good Luck Stopping Austerity With Incremental Platinum Coin Seigniorage! By Joe Firestone Some have responded to the recent boomlet for using Platinum Coin Seigniorage (PCS) as a solution to the debt ceiling problem, by reacting to the ridicule…
Contributors- Economic and Financial, Must Read
The Great Austerity Swindle! New Economic Perspectives
by Devin Smith •
This is a syndicated repost courtesy of New Economic Perspectives. To view original, click here. Reposted with permission. By Joe Firestone Our Congresspeople, corporate CEOs, tea partiers, most economists, Pete Peterson’s minions, and even our President, tell us that we’re running out of money; and that if we can’t keep running huge deficits, and increasing…
Contributors- Economic and Financial, Must Read
Mitt Romney And Extreme Fiscal Policy – Simon Johnson – The Baseline Scenario
by Simon Johnson •
By Simon Johnson As the presumptive Republican vice presidential candidate, Representative Paul D. Ryan of Wisconsin and his plans for the federal budget are drawing increasing interest. Mr. Ryan has been chairman of the House Budget Committee since the Republicans … Continue reading →
Contributors- Economic and Financial, Must Read
The End Of The Euro: What’s Austerity Got To Do With It? – Simon Johnson
by Simon Johnson • • 0 Comments
By Simon Johnson Most of the current policy discussion concerning the euro area is about austerity. Some people – particularly in German government circles – are pushing for tighter fiscal policies in troubled countries (i.e., higher taxes and lower government … Continue reading →
Latest Business Headlines
No Hints From Bernanke of New Stimulus – NYTimes.com
by Lee Adler • • 0 Comments
WASHINGTON — The Federal Reserve chairman, Ben S. Bernanke, said Thursday that the Fed remained relatively optimistic about the health of the domestic economy, and he gave no indication that the Fed is planning new measures to bolster growth. The pace of growth remains lackluster at best, and Mr. Bernanke said widespread pessimism continued to…
Bears Chat, Best of the Forums, Must Read
What The Fed Fears
by Bears Chat at The Wall Street Examiner • • 0 Comments
SCOTT SUMNER and TIM DUY offer responses to yesterday’s post on monetary policy and the fiscal cliff that are worth a read. To summarise very briefly, Mr Sumner asks why the Fed wouldn’t be happy to fully accommodate a plunge over the fiscal cliff give…
