…Max writes: They are also crying because the Commission did not use “dynamic scoring.” This would have allowed the Commission to present revenue-losing/deficit-increasing proposals under the guise of fiscal responsibility….

…years, I have grown a little softer on the Volcker FED understanding that his second dip of monetary contraction was a reaction (make that an overreaction) to Reagan’s fiscal irresponsibility.…

…for it is more akin to Enron accounting than it is fiscal responsibility. So in a way, the Senator was advocating Kash’s Option Five – having future generations pay for…

…funds to our grandchildren who will have the responsibility for mailing in very large checks to the Treasury in the future. We heard the same argument a generation ago when…

…budget deficits even after the moves towards fiscal responsibility from the first President Bush. And while we were slowly recovering from the recession during Bush41’s term of office, the labor…

…the natural rate for the the labor force participation rate (my responsibility for this odd terminology) seems quite reasonable. Additional note, confession, and request: I had tried to get the…

…that their first responsibility is to take care of any incipient inflation problems, and hence keep increasing interest rates. Kash UPDATE: CR points out that the Fed has (very unusually)…

…and international finacial systems. Thus the first responsibility of the Fed, I think, is to ensure that there is enough liquidity in the system to avoid a cash crunch among…

…they consider leisure versus goods. But I guess elderly workers would see an income effect that offsets this substitution effect. Fiscal responsibility is fine – but notice how the agenda…

…great discussion. First, I complimented the Prime Minister on putting policies in place that have helped this economy grow. The most important responsibility we have at home is to make…