by Joseph Joyce Will A Rise in Interest Rates Lead to a New Debt Crisis? The question of when the Federal Reserve will begin to reverse its loose policy stance continues to be a topic of widespread speculation. At last month’s meeting of the Federal Open Market Committee, its members showed a willingness to cut back on asset […]

I wrote in February of 2012 about welfare: Welfare, I’m not hurting from it and neither are you. I noted the following: but it looks to me like what we spend on welfare is not much more than what the government is spending on just doing the government thingy, unless of course people can’t get […]

On October 2, 2013 Chris Hayes had on Larry Kudlow to discuss the economics of the government shut down.  All I can say is, I could not believe he was the one Chris went to for insight.  Maybe he had to because, you know, Kudlow is related to him via the network they work at.  But really, […]

Tim Duy also points to Bill McBride and Josh Lerner adding to the discussion of the narrative of housing in our economy and how that should affect policy.  I would add of course the variety of responses by the mortgage industries (see Naked Capitalism) since that started in earnest round 1998 (MERS).  I think this […]

My mobile just got a call from a robotic “Amy” asking me to take a 30-second survey about “the nation’s debt crisis.” Since I don’t live in Greece and could care less about the magazine, I figured they had a wrong number and hung up.

by Rebecca Wilder The Euro Area Precedent for Policy Failure Last weekend, a leaked Troika report (Troika = ECB + EC + IMF) revealed that European policy makers now comprehend that the Greek policy prescription is not working (bold by yours truly): The growth and fiscal policy adjustments assumed under the program individually have precedent […]