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What’Swap: Accounting for Financial Innovation

…I know) and leads to a practical proposal for regulatory reform. After the jump, I will argue that the main motivation for the invention of new financial instruments was to…

I’m surprised that Paul Krugman is surprised

…a mandate (it is their officially stated condition for supporting reform). By proposing a plan which would be terrrible, because it would bankrupt the insurance companies, Obama has them begging…

Mark to Market Accounting

…and (minds think a like) concludes that, if there is to be reform, there should be reform of capital requirements not accounting standards. She is a bit casual about relaxing…

Senator Obama chooses Jason Furman econ advisor

…tax reform in the classic 1986 mode: lower tax rates and broaden the tax base by limiting special exemptions. Both halves of this classic equation have the potential for helping…

Serco is the new auditor for Iraq

…according to Winslow Wheeler, director of the Straus Military Reform Project at the Center for Defense Information. “Virtually the entire expanse of the DOD budget gets no oversight – certainly…

Soc Sec XV: Why do they care?

…announcement that he would expend his new political capital on Social Security ‘reform’. At that point in time I had been looking at these numbers for about seven years and…

Social Security steamrolls carnival

…in the form of a demand by Moody’s that the U.S. government “reform” Social Security and Medicare: “In the very long term, the rating could come under pressure if reform