The New York Times’ Sunday lead editorial (12/30) is simply breathtaking. The title is “Why the economy needs tax reform.”...
Benefits trap art
Two charts from the UK, admittedly sprayed with too much chartjunk, but illustrating the poverty trap in Britain. (A previous...
Fiscal cliff or fiscal molehill?
Four thoughts, reflecting my frustrations with the “fiscal cliff” debate. 1. RecessionHow terrible will it be if we...
The Fed's great experiment
So now you have it. QE4. The Fed will buy $85 billion of long term government bonds and mortgage backed securities, printing...
ECB dilemma
It was announced yesterday that Europe will have a new, central bank supervisor run by the ECB, much as our Fed...
Billing codes
A while ago, an acquaintance saw her dermatologist for an annual check. She said, “oh, by the way, take a look at the place...
Buffett Math
Warren Buffett, New York Times on November 25th 2012:Suppose that an investor you admire and trust comes to you with an...
Truth stranger than fiction?
From the New York Times. I checked, it really is not from the Onion. WASHINGTON — House Republicans said on Thursday...
Experimental evidence on the effect of taxes
Much of our “fiscal cliff” debate revolves around the incentive effects of raising marginal taxes on high incomes. High...
Taxes and cliffs
(Update: John Batchelor show radio interview on this blog post)The whole tax debate is supremely frustrating to anyone who...
Happy Thanksgiving
By Eric Cochrane (who also drew the grumpy economist). More h...
Health economics update
Russ Roberts did a podcast with me in his “EconTalk” series, on my “After the ACA” article. Russ also put together a really...
Debt Maturity
Another essay, a bit shorter this time, on maturity structure of US debt. I was asked to give comments on a paper...
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