Relevant and even prescient commentary on news, politics and the economy.

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How to Build an Economic Model

economic literature that is attendant upon it. So that is how you build an economic model. The question then becomes: how do you use it? A relatively short (though it…

Even our taxes?

…more perverse–happened to tax analysis. It was coopted by this consistent economic theory and the importance of equitable considerations were shunted aside. At the Congressional level, economic models showing economic

Oil as an excuse for Bush et al’s economic performance

…we have. Others have presented this argument. However,there was plenty of information in existence long before the “last couple of years” regarding the issue of oil price on economic performance….

The Financial Accelerator, Revisited

…feedback loop in which the financial disruption restrains economic activity; such a situation could lead to greater uncertainty and increased financial disruption, causing a further deterioration in macroeconomic activity, and…

Help Wanted: Economic Advisors for President

…after two quiet years in Washington, White House officials announced yesterday. Friedman’s departure as director of the National Economic Council will open a key economic policy position just as President…