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How Not to Build a Bailout Proposal

…do support some of the smaller scale proposals, such as raising the FDIC insurance level to 250,000. The Devil in the details makes even this a c.f. of major proportion:…

Why did the Clinton campaign say earlier this month that Trump’s statement that he plans to partially default on the national debt could work? (And, yes, that, as the NYT mentions today, is what the Clinton campaign said.)

…seemed to elevate a nonsensical proposal. The seriousness of the campaign’s response seemed to elevate a nonsensical proposal. “That is a danger,” said Dan Pfeiffer, a former senior adviser to…

The Great Growth Target Leak of 1961

…after Kennedy’s inauguration, signs appeared in the Commerce Department asking, “What have you done for growth today?” [implicitly: ask not what growth can do for you…] The American proposal of…

Accountability Bond Accounting

Recently I learned about a proposal for Euro denominated “accountability bonds”. They are basically a clever way to enforce the stability and growth pact. I don’t like the pact, so…