fiscal

By L. Randall Wray, Professor of Economics at the University of Missouri-Kansas City, Research Director with the Center for Full Employment and Price Stability and Senior Research Scholar at The Levy Economics Institute. In recent months,…

There is a comprehensive review today in The Washington Post of a two year investigation of a hidden world that orbits what is known as Homeland Security. Here are a few highlights: These are some of the findings of a two-year…

Topic of the day: German economic policy Tyler Cowen -.Economic View - What Germany Has Learned About Debt - NYTimes.com This Op-Ed in the New York Times echoes some themes I laid out in "Lessons We Can Learn On How Stimulus And…

By John Mauldin. I have been writing about The End Game for some time now. And writing a book of the same title. Consequently, I have been thinking a lot about how the credit crisis evolved into the sovereign debt crisis, and how it all…

Most News-worthy Links Republicans don't give a damn about the deficit | Sahil Kapur | Comment is free | guardian.co.uk Paul Krugman - Redo That Voodoo - NYTimes.com Why Germany should not listen to the US | vox The Usual…

Things I am Going to Think About On Vacation Like others, I try to clean off my desk before my summer vacation.  This year it is particularly difficult because there seems to be several unresolved issues.  I will mull them over…

This is just in from PIMCO's Paul McCulley, who seems to have caught on to the Wynne Godley sectoral balances approach to viewing the macro economy (hat tip Scott).  He says: Double-entry bookkeeping was a great invention. It is a…

I fully support deficit spending as a means to prevent a debt deflationary spiral in a deep downturn.  However, there are limits to what stimulus can actually do. Stimulus is no panacea for an unbalanced economy. In particular, when…

More on Stimulus and Austerity In The Long Run, We Are Still All Dead - Paul Krugman Blog - NYTimes.com Stimulus, Austerity, and the Spiral of Decline - Daily Reckoning FT.com Mohamed El-Erian - Beyond the false growth vs…

It's not my position. But I would think someone would articulate it. It sounds like what Mark Thoma would advocate, for example. That is, someone could advocate: 1 A larger deficit in the short term. 2. Specific, clear…