Will Fed Critics Kill Next Round of Stimulus?
In June, the Federal Reserve’s quantitative easing program will end and Ben Bernanke will be faced with the choice of whether or not to commit to further monetary stimulus. If the economic recovery is...
View ArticleIs Larry Summers a Scientist or a Politician?
A couple things in this interview by Andrew Goldman of Larry Summers currently irritated me. I’ll give the quotes and then explain my annoyance. 1. Goldman: What would the economy look like now if $1.2...
View ArticleDid Geithner Really Kill The Recovery?
Zachary Goldfarb’s reporting in the Washington Post has revealed an important piece of information about why the economy is slowing down. Forget about Republicans in Congress and their gold-bug...
View ArticleFiscal Stimulus Didn’t Work, Now What?
A report from the White House Council of Economic Advisers has indicated that the stimulus added 2.3 to 3.2 percent to gross domestic product in the first quarter relative to what it otherwise would...
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The Next Bailout?
It’s possible that President Obama will soon face the toughest economic question since his original stimulus decision: join a global bailout of the European periphery countries or not? In 2008,...
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Yes, Earthquakes Can Jolt Recovery
On August 23rd, a fake Paul Krugman account on Google+ joked that the East Coast Earthquake could have been a stimulus if it had done more damage: People on twitter might be joking, but in all...
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How Obama Failed
In my column for CNN, I discuss how Obama failed to manage the economic crisis during his presidency: Obama made three crucially bad economic decisions in the first year of his presidency: 1) Obama...
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Debunking the Payroll Tax Cut Idea?
Over the past 2 years, I’ve banged the drum for a payroll tax cut as a way to put more money into workers’ hands quickly and efficiently, arguing against most other forms of fiscal stimulus as too...
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A Reply to The President’s Defenders
Jared Bernstein has posted a defense of President Obama’s economic record at CNN.com against my criticism, also on CNN.com. The story so far: Last week, Jonathan Alter asked Obama’s critics to cite...
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Obama’s Cunning Speech
First reactions to the president’s big jobs speech: 1) Qua speech, it was excellent – clear, focused, unrhetorical. The core concept – stressing past Republican approval of the major elements of the...
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