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Guest Post: Latest from Cato…

…that, according to Obama’s Council of Economic Advisers, “nearly 30 percent of Medicare’s costs could be saved without adverse health consequences.” In other words, vouchers come with a huge built-in…

CBO data on taxes and income

…our means and now blame Obama because he has failed to reverse the adverse impact of the failed republican policies. Supporting the republican “starve the beast” strategy reminds me of…

Greenspan Commission Staff Alumni on Bi-Partisan Commissions

…and constitutional structure of BRAC, however, are completely different. Because the national interest in closing unnecessary bases was in sharp tension with preventing the adverse and localized economic consequences of…

Chinese Yuan

By Spencer, Reading the financial press, various economic blogs and watching CNBC clearly leaves the impression that the current weakness in the dollar is having such a massive adverse impact…

Responding to Kling responding to me.

…from an adverse shock.” On heterogeneity and the Beveridge curve, I don’t see how heterogeneity can make it harder to recover from a shock or reduce the beneficial impact of…

CDS again

…the underlying bonds. When an adverse development is expected, the negative effect can become overwhelming because CDS tend to be priced as warrants, not as options: people buy them not…