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…

Ezra Klein has an even more interesting than usual column on feverish demand for the services of Obama campaign data wonks. After Obama’s reelection, former adviser David Axelrod recalls that…

…the Obama presidency will lead to an economic calamity, and they will prove it, if necessary.” but the headline suggests that Obama might ruin the economy. Will Obama Ruin the…

by Linda Beale Obama proposes to exempt some IRS spending on enforcement from budget cap The 2011 debt ceiling compromise, known as the Budget Control Act, establishes automatic cuts in…

…worth a visit to read the whole piece…here is a portion: …So let’s return to the rebranding of Obama. From the Financial Times: Barack Obama outlined a plan to toughen…