stimulus

Frederick J. Sheehan is the author of Panderer to Power: The Untold Story of How Alan Greenspan Enriched Wall Street and Left a Legacy of Recession (McGraw-Hill, 2009) and "The Coming Collapse of the Municipal Bond…

I have written a post or two offering the opinion that Barack Obama faces an economy more akin to Herbert Hoover's than Franklin Roosevelt. See "Barack Obama as Herbert Hoover" where posited the following: My intent here is…

Good interview and interesting analysis of the personal history of Lord Keynes. Skidelsky does a good job of describing Keynesianism in 15 minutes. My main criticism is that I feel he failed to adequately address the malinvestment issue…

A summary of the new tax law provisions was posted at the GEI News Blog as the law was being signed by the president Friday.  The outline was presented courtesy of the FPA  (Financial Planning Association).  The economic impact of the new…

I wrote a post about six months ago called "Misunderstanding Modern Monetary Theory" on deficits and resource allocation that I was re-reading. I wanted to add some off-the-cuff comments that might be relevant to today's…

For months, Ben Bernanke has been more or less pleading with fiscal policymakers to catch up to him. With yesterday’s announced agreement on tax cuts and the extension of unemployment benefits, Congress and the Administration are making the…

The tax cut deal is in. I would agree with Felix Salmon's take, that "this is tax cutting, Oprah-style: you get a tax cut! And you get a tax cut! And you! And you! You all get a tax cut!" Since Democrats and Republicans were never…

I was eavesdropping on a conversation about Credit Writedowns on another blog (Pragmatic Capitalism) and wanted to share some of my thoughts with you on the conversation. One commenter, Mattay said: Harrison is an MMTer. As I read him,…

I was just having an argument/debate about quantitative easing. Marshall Auerback, Randy Wray and I all have posts here at Credit Writedowns which explain that quantitative easing does not create new net financial assets and is merely an…

by Win Thin Brazil press is reporting that President-elect Rousseff won’t ask central bank chief Meirelles to stay on after she takes office January 1, and repeats earlier speculation of changes to the economic team.  We have been…