The cause of sclerotic growth is the major economic policy question of our time. The three big explanations are 1) We ran out of ideas (Gord...
Showing posts with label Commentary. Show all posts
Showing posts with label Commentary. Show all posts
The new voodoo
Scott Sumner sums up contemporary stimulus proposals well ...Old hydraulic Keynesianism from the 1960s was already a pretty implausible ...
Rosenberg in New York Times
Naomi Rosenberg's Op-Ed in the Sunday New York Times is the best piece of writing I have had the painful pleasure to read in a long time...
Glaeser and Summers on Infrastructure
Ed Glaeser has a recent post , but not with Ed's clarity and erudition , nor Larry's imprimatur. Glaeser starts with a clear summ...
Testimony
I was invited to testify at a hearing of the House budget committee on Sept 14. It's nothing novel or revolutionary , but a chance to pu...
Testimony 2
On the way back from Washington , I passed the time reformatting my little essay for the Budget committee to html for blog readers. See belo...
Immigration trade and child care
Both Mr. Trump and Mrs. Clinton want to lower the cost and , presumably , increase the amount of child care. A quick economics quiz: What is...
Negative rates and inflation
Have negative interest rates boosted inflation? Here is a nice graph (source macro-man blog , HT FT alphaville) Source: Macro-man blog ...
Furman on zoning
On this day (Clinton vs. Trump debate) of likely partisan political bloviation , I am delighted to highlight a very nice editorial by Jason...
Trump Taxes
As I see it , important points about the Trump tax affair are not yet reflected in media coverage. 1) This affair reflects the intrinsic dif...
A first step to progressive consumption taxes
What's an easy way to get going on progressive income taxes? Simply remove all limits on contributions to and withdrawals from IRAs. (I ...