Hat tip to Simon Johnson through Bloomberg and Baseline Scenario: Public Input for the Study Regarding the Implementation of the Prohibitions on Proprietary Trading and Certain Relationships With Hedge Funds and Private Equity Funds
by Beverly Manncrossposted with The Annarborist GINNI THOMAS v. CLARENCE THOMAS “The Supreme Court, issuing its first orders accepting cases for the new Term, on Tuesday edged toward analysis of the government’s authority to label information it has as a “state secret” and thus to prevent its disclosure in court. It will do so, though, […]
by Noni Mausa How exactly do you create a job? Raising and Training Omadiki How exactly do you create a job? The president is blamed for not doing it (but warned not to do it directly.) Business is exhorted to do it, (but not blamed for not doing it.) But what is the “it” that […]
I’ve been working on White Paper on Liquidity and the idea of a “market,” and plan to post some pieces of it here over the next week or so. But this is too good to pass up, and I’m late to the game as is. On 15 September, the CFTC and the SEC held a […]
Via David Roodman‘s Twitter feed, the Economic Development video to watch if you’re watching only one: Pull Quote: “We have several unintended consequences that show that while we were growing Pakistan economically, we retarded our community, we retarded our ability to innovate, we retarded our ability to think. Those things are coming back to haunt […]
Robert Waldmann A new Washington Post, Kaiser Family Foundation, Harvard poll of US opinions on the role of government reminds me that actual people in the US have progressive views on the role of government. click to enlarge commentary after the jump. Of course part of the issue is that people want the Federal government […]
The kids in the next town over don’t. Indeed, the place where my Eldest Daughter’s swim team practices is closed because it’s a holiday, and their schools are. But not here: the banks are closed, the government offices are closed, the local libraries are closed. (Heck, the New York Public Library is closed.) But the […]
Dean Baker finds gaping holes in deficit hawk rhetoric using the simple accounting identity that national saving must equal the current account (S-I = CA). If the domestic private-sector’s desire to save is positive, then the only way for the public sector (i.e., government) to net save is for the economy as a whole to […]
by Mike Kimel In Response to Bryan Caplan et. al., Part 2 – Unanticipating The Great Depression and the Great RecessionCross-posted at the Presimetrics blog. Last week I noted that Bryan Caplan, like many libertarians (and conservative economists as well), operates under the assumption that the data doesn’t support the Keynesian view of the economy. […]
Robert Waldmann Alternative title: Stimulus without Congress. Many argue that the Fed should buy long maturity and/or risky assets in order to reduce interest rate differentials. According to 사설 토토사이트 reports, the Federal Funds rate is essentially zero, but interest rates which matter are still significantly positive so more could be done by some huge […]