Hassett’s Evidence on Transfer Pricing and the U.S. Trade Deficit In my last post, I questioned Kevin Hassett’s claim that transfer pricing manipulation was responsible for half of our trade…

…link to Krugman’s blog above). This is actually mainstream nonsense. It is standard to equate fiscal stimulus with deficit spending. But it is also nonsense. In the real world deficit…

…significant, ongoing trade (and current account) deficit. That’s not quite the right way to put it, since private and public net deficits, taken together, are the current account deficit. Once…

Commenter RJS, MarketWatch 666 on the Goods and Services Trade Deficit. International Trade in Goods and Services, March 5, 2021 Our trade deficit rose 1.9% in January, as both the…

Via Economist View comes James Kwak at Baseline Scenario on the early deal made on the the ‘fiscal cliff’: ‘The One-Sided Deficit Debate’ James Kwak is pessimistic about the deficit…

This morning in his Monday column Paul Krugman discussed the need to raise taxes to deal with the long run structural federal deficit. You can read the column at Economist’s…

…and Harry Reid are doing to the deficit.” The budget deficit, of course, has dropped dramatically since 2010. And basic government agencies such as the National Weather Service, the National…

…not rising: When the deficit hawks manage to remove the fiscal stimulus while the private sector is still deleveraging, the economy collapses and re-enters the deflationary spiral. That weakness, in…

…and admirals, a handful of retired Congressional defense hawks, a former Secty of the Army, six former Republican cabinet level officials, two college Presidents with strong ties to Wall Street,…

So Bush is looking for a plan to squander our Social Security retirement funds? The Onion has a plan that the fans of the Seattle Seahawks might rejoice as is…