by Joseph Joyce The Role of the U.S. in the Global Financial System The mandate of the Federal Reserve is clear: “…promote effectively the goals of maximum employment, stable prices and moderate long-term interest rates.” How to achieve those goals, of course, has been the subject of great debate: should the central bank use interest […]
New York primary results: track the votes live Raw numbers are funny. But Trump’s admittedly massive victory tonight over his rivals doesn’t even mean he could deliver his own State in November. This works both ways. I am feeling the Bern but understand that his relative massive wins in the Mountain West don’t mean much […]
Max Ehrenfreund and Roberto Ferdman report the latest news in today’s Washington Post Tens of thousands of Americans just lost their food stamps A 20-year-old rule that was suspended in many places during the recession requires that adults without children or disabilities have a job to receive food stamps for more than three months, and […]
This is a post about macroeconomic theory. It is technical and I honestly don’t know how much is already in the literature. The aim is to address an important policy question — is public debt a burden on future generations. It is possible in theory that the answer is no and that higher public debt […]
run75441: Ater I posted my article on the VA, it received a comment from Suzanne Gordon who writes on healthcare and has covered VA healthcare at her blog and also at American Prospect; Unfriendly Fire Fall 2015. Unfriendly Fire discusses the VHA coming under severe criticism from Libertarian ideologues and conservative right wing politicians even […]
by Joseph Joyce The Repercussions of Financial Booms and Crises Financial booms have become a chronic feature of the global financial system. When these booms end in crises, the impact on economic conditions can be severe. Carmen M. Reinhart and Kenneth S. Rogoff of Harvard pointed out that banking crises have been associated with deep […]
VA healthcare has its faults; but, it still is one of the more successful examples of publicly funded healthcare even while hampered by a lack of funding to provide more capacity in strategic places for new Iraq and Afghanistan veterans and aging Vietnam veterans like myself. Libertarian Pete Hegseth, a veteran of Afghanistan and Iraq […]
Okay, so the title of a Washington Post op-ed piece today by research fellow and director of polling at the Cato Institute Emily Ekins is “Millennials like socialism — until they get jobs.” She knows that this is do because a recent Reason-Rupe poll—that’s libertarian magazine Reason, and some polling organization they hired—found that: When […]
Not the same one, but had the same effect on Toronto, ON, that this one did on Deadwood, SD Saint Joseph, MO. ETA: Yes, I conflated Billy the Kid and Jesse James. Here’s an extra video in apology:
Ross Douthat and Stand Collender wonder why Paul Ryan is acting like a fan of Ayn Rand. Douthat notes Repeatedly Harwood presses him on whether the party needs to change to address the concerns of the blue-collar Republicans who are voting for Trump. And every time, as The Week’s James Pethokoukis pointed out afterward, Ryan […]