Post stimulated by Steve Benen. Content due to John Quiggin. This is arithmetic “Arithmetic tells us there are two ways to achieve the goal: the government can bring in more money and put out less.”This isn’t “a combination of cuts and tax increases were necessary when the deficit got really big” Revenue doesn’t come from […]

One of my favorite paper presentations ever was by Daniel Parent, who is a good enough reason in himself for pending Labor Economists to apply to HEC. He was trying to present data on income inequalities in the Financial Services industry and was forced to note—all right, I asked—that they didn’t have the data to […]

There is growing discord between the ECB and national politicians over a ‘soft restructuring’ of Greek debt. The ECB doesn’t want it, while national policy makers grapple over it. And just in case you were wondering what a soft restructuring actually is, Joseph Cotterill at FT Alphaville explains. Beyond the gobbledygook restructuring talk is a […]

By Mike Kimel Optimal Tax Rates for Generating Economic Growth According to Barro-Sahasakul Tax Data This piece is a bit more wonky than what I normally post. I recently re-read “Macroeconomic Effects from Government Purchases and Taxes” by Barro & Redlick. I was struck by how different the conclusions they make about taxes are from […]

by Beverly Mann The Difference Between Defending DOMA and Defending Neo-Nazis and the ACA A post via Blog of Legal Times on Wednesday titled “King & Spalding Offers New Details on Marriage Mess,” which summarizes a report that day in one of its sister ALM (American Law Media) publications, the Atlanta-based Daily Report Online by […]

by Tom aka Rusty Rustbelt Health Care Thoughts: Accountable Care “Smackdown” Part II While the feds were developing regulations for Medicare ACOs, both the feds and the American Hospital Association were developing cost numbers for ACO start-ups. Today the AHA published its preliminary numbers, listing 23 major competencies to form and operate a hospital-based ACO […]

Today Eurostat released April 2011 inflation for the Euro area. Prices are increasing at a 2.8% annual pace, up from 2.7% in March and very much above the ECB’s comfort zone of around but slightly below 2%. Today’s report is the second release and includes the cross section of price gains below the headline number. […]

by Mike Kimel The Historical Relationship Between the Economy and the S&P 500, Part 1 This post is the first in a series on the historical relationship between the economy and the stock market. Data used in this post is the adjusted close of the S&P 500 going back to 1950 and quarterly nominal GDP […]

By Daniel Becker Stock market is up, Profits are up and banks are safe. So what? Unemployment is somewhere between going down and I can’t get no satisfaction. Housing values are still falling.  A new nationwide survey from real estate Web site Zillow.com says the value of U.S. homes fell 3% from January 1 to […]