Government Encouragement of 30-year Mortgages Should End
I don’t think that those who disagree with me are dumb. It is often that the person in question is bright, but has presuppositions that...
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New Indicator by Stanford University Measures Media Sentiment
Astute investors have commented on the contrarian correlation between the media’s take on the stock market and the stock market’s performance. Now there is an...
New Indicator by Stanford University Measures Media Sentiment
Astute investors have commented on the contrarian correlation between the media’s take on the stock market and the stock market’s performance. Now there is an...
The Right Cuts Food Stamps to Pass Corporate Farm Welfare–Where’s the Sense in That?
The House has its priorities firmly in mind. Those priorities involve making sure that the wealthy people and corporations keep their wealth while any and...
Proposals for Cutting the IRS Budget
As the budget battles loom again in our dysfunctional Congress, one of the targets of the right is, not unexpectedly, funding for the IRS. Sequestration...
They’re Back! Congress Threatens to Default Again
Treasury Secretary Jack Lew was on Meet the Press today (recorded Friday). Lew said: "The fight over the debt limit in 2011 hurt the economy,...
Rail Traffic: Sluggish, but Still Expanding
The latest reading on intermodal rail traffic came in at 2.8% year over year. That’s up from last week, but generally flat relative to the...
Spain Levies Consumption Tax on Sunlight
Proving that idiocy truly has no bounds, Spain issued a "royal decree" taxing sunlight gatherers. The state threatens fines as much as 30 million euros...
Interest On Excess Reserves Isn’t Keeping Inflation Low
Noah Smith has some good observations about a recent Martin Feldstein piece in which Feldstein claims that interest on excess reserves is keeping inflation low...
Real GDP Has an Appointment to Keep with Effective Demand
The subject of potential real GDP is important. As Paul Krugman had a post entitled, “Potential Mistakes”. Today Dean Baker had a post entitled, “GDP...