Category Archives: Fiscal Policy

From a prominent economist: Soon after it became famous, the proposed measure of uncertainty was shown to be almost comically flawed; for example, it relied in part on press mentions of “economic policy uncertainty,” which meant that the index automatically surged …

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As promised, I have returned from an extended personal hiatus. I can’t make promises, but I hope that I’ll be returning to blogging more or less consistently from here on out. I wanted to highlight something I saw in passing …

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Throwing Sand in the Wheels of the Market

According to a report from the New York Times, a financial transaction tax–which would impose a small tax (~o.o5%, maybe) on all trades on Wall Street–has been bandied about recently as a means of raising revenues and decreasing volatility in … Continue reading

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Zero Hedge has the story (everything below comes from their story): Up until now, Argentina’s descent into a hyperinflationary basket case, with a crashing currency and loss of outside funding was relatively moderate and controlled. All this is about to …

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Is Social Security Sound?

Two graphs from this Zero Hedge article speak volumes:   Tweet

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…says this video from CNN: According to the study, 60% of the cigarettes purchased in New York City, where tax is $5.85 a pack, are obtained illegally. They are purchased in states in which the tax is lower (like Virginia), …

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Austrian economist Bob Murphy (of Krugman Debate and inflation bet fame) thinks that mainstream Keynesian economists Paul Krugman and Christina Romer, among others, are guilty of misrepresenting consensus among economists as to the effects of “austerity” during a recession. Murphy …

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Paul Krugman, in Friday’s 2013 column (italics added):   Expanded unemployment benefits were given another year to run, a huge benefit to many families and a significant boost to our economic prospects (because this money that will be spent, and hence …

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My upcoming final in biochem has kept me busy this week, but a thought on Krugman’s column in today’s NYT. Krugman says: We are not having a debt crisis. It’s important to make this point, because I keep seeing articles …

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