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Greenspan’s Parting Shot

In its last meeting with Alan Greenspan at the helm, the FOMC decided today to raise interest rates (i.e. the Federal Funds rate) yet again. See Mark Thoma for analysis…

The Budgetary Effects of the Bush Tax Cuts

…convened a blue-ribbon panel of macroeconomists (including Alan Auerbach, David Bradford, Martin Feldstein, and Greg Mankiw) to help them develop their estimates. What were their results? The JCT used several…

Bartlett on Taxes

…spending cuts, despite the fervent wishes of Alan Greenspan. Therefore, the only realistic way left to reduce the budget deficit is to raise taxes. The sooner policy-makers face this reality,…

The Best of Times

Last week, White House economic advisor Allan Hubbard and Fed Chairman Alan Greenspan both made incomplete or inaccurate comments regarding the fiscal challenges facing the United States. See pgl on…

Employment Increases by 215,000

…unchanged labor force participation rate (66.1%). Andrew Samwick provides more details. Update: The MSNBC coverage of the employment news included this summary of remarks from Alan Greenspan about the federal…

This Week’s Housing Data

Alan Gin, economist at the University of San Diego. Gin said the construction layoffs are one more sign that the housing boom, which has created jobs for builders, mortgage brokers…

This Week’s Housing Data

Alan Gin, economist at the University of San Diego. Gin said the construction layoffs are one more sign that the housing boom, which has created jobs for builders, mortgage brokers…

Market Valuations for Employee Stock Options

In his comments to this post, Jeffrey Miller points us to an excellent discussion from Roger Lowenstein: But as Alan Greenspan and Warren Buffett have observed, they aren’t “free” in…