Done your taxes yet?

In March the CPI increased 0.5% bringing the year over year change to 2.7%. I will leave the analysis of the CPI to other and just discuss some of the implications. First, this caused my Fed policy index to turn positive for the first time since 2008. This index is a form of a Taylor […]

by Mike Kimel Why I will not be Voting for Obama in 2012 Cross posted at the Presimetrics blog. The presidential elections are a year and a half away, but I am pretty certain of one thing: I will not be voting to re-elect Barack Obama. That does not mean that I will be voting […]

Guest Post From Robert Bowman, M.D. No Assumptions for a Change Assumptions are often incorrect and the assumptions are incredibly inaccurate in primary care and in basic health access. When one starts with the assumption of more pay, then it is easy to rationalize more training or more complexity of care – even when there […]

Via Business Insider Joe Weisenthal reports some of the buzz in DC: The White House is officially going to release its budget for the coming fiscal year at 10:30 this morning. The full announcement will be found here. Of course, several members of the media have the details already. CBS’s Mark Knoller has been tweeting […]

Talking Points Memo points us to a nine page chart specifying which programs are sustaining funding cuts in the Continuing Resolution reductions as published by the Republicans on the House Appropriations Committee. (h/t rjs) (h/t MG) The original documents from the House Committee on Appropriations are located here. These include the legislation text, legislation summary, […]

by Steve Roth Don’t Like “Money Printing”? Then Stop Borrowing. Whip Inflation Now!Cross-posted at Asymptosis. There’s a widespread conception that “money printing” by the government causes inflation, and that “money printing” = government deficit spending. But people don’t realize that:

Paul Krugman To be fair, applying maximizing thinking has achieved some major successes even in macroeconomics. The permanent income/life cycle style of consumption theory does a much better job of accounting for the stylized facts about spending than the old, mechanical consumption function. The natural rate hypothesis, with its crucial implication that high inflation would […]

by Mike Kimel John Taylor in Favor of Higher Marginal Income Tax Rates? If Not, Why Not? A couple of weeks ago, John Taylor posted a graph showing that since 1990, there has been a negative correlation between the Investment to GDP ratio and unemployment. There’s been some back and forth between Taylor and some […]