by Linda Beale S&P faces civil charges for mortgage bond ratings The Justice Department’s efforts to reach a settlement with Standard & Poor’s Rating Services about the ratings provided to mortgage bonds leading up to the financial crisis have failed, and it appears that civil charges will be filed by the Justice Department and state […]
* Don’t forget about the Consumer Financial Protection Bureau: Paul Krugman has the goods on a story that’s getting far too little attention: In filibustering Richard Cordray, Obama’s choice to head the consumer protection bureau, and demanding major changes to the agency, Republicans are trying to transform it into something that’s essentially unable to carry […]
Pro Growth Liberal at Econospeak also takes Joe Scarborough to task on Krugman and Keynes: Joe Scarborough on the Deficit After his interview with Paul Krugman this morning Joe Scarborough wrote: Mr. Krugman’s view is that Americans would be better off if its government ran deeper deficits and ignored its longterm debt.To suggest that Keynesians like […]
Brad DeLong reminds us of the Kauffman Foundation presentations coming up. Rebecca Wilder is probably not going this year…she just had a baby early January, both doing fine, but ‘Matty’ only reads baby books to date, not nerd journals. Ken Houghton may have more to say on the conference later. PROPOSED PANEL 3: 2013 KAUFFMAN […]
Update: Noahpinion takes on the same in How to win arguments by pretending to be stupid. The comments section offers other points of view. Ron T. aka Jazzbumpa received an unusual thank you from Paul Krugman for this post on a Mish Shedlock post about debating PK. Krugman recommended Beverly Mann on January 15th this year […]
I’d like to share and discuss a FRED graph. To me it shows an alarming similarity between inflation expected over the next five years and inflation over the past year. The title is not uh very useful. The red line is the nominal treasuries minus TIPS breakeven for constant maturity of 5 years — the […]
Baseball lost a piece of history yesterday, as my great-aunt Edith died, about a week shy of what would have been her 101st birthday. Reference articles here, here, and here.
We saw it on the “fiscal cliff”: enough House Republicans voted for the deal, along with most Democrats, to get something passed. Republicans backed down on the debt ceiling. On immigration, we’re also seeing the two parties working together to craft a solution. This feels like a possible sea change. Should Obama get credit? He’s […]
by Linda Beale Red state tax “reform” and “economic growth” As most tax practitioners and academics know, Professor Paul Caron maintains a “tax prof blog” that provides timely links to most things tax in major papers, blogs, journals, conferences and the like, as well as announcements and releases from theIRS, Treasury and Congress related to […]
Via New Economic Perspectives comes The Alternative* Frontline Untouchables interview *This video is a parody of the Frontline Untouchables interview that aired recently on PBS(hat tip rjs)