Browsing All Posts filed under »Fiscal Policy«

A Very Long Review of a Very Intellectually Deficient, but Very Big, Book by Thomas Piketty

June 9, 2014 by


Before I begin this blog, I beg the reader’s indulgence for such a long book review.  However I considered this book worthy of such a detailed examination, due to its popularity and influence, barely three months after its appearance.  I do hope the length will be justified by the service it may provide.  I promise […]

The “Point One” Percent

May 1, 2014 by


We are all collectively the “point one percent” now.  That is, we live in an economy that measured ,1% (you read that right) growth in GDP in the first quarter of 2014.  Are we in for a “double dip” recession–have we really emerged from the previous one, despite fine economic definitions (and let’s be clear, […]

Fiscal Follies and International Trade

February 6, 2014 by


William Galston published an opinion piece in Tuesday’s Wall Street Journal titled: Obama’s Moment of Truth on Trade. In the editorial Galston compares Obama’s trade statement in his recent State of the Union address to Bill Clinton’s battle to pass NAFTA in 1993. Clinton faced significant political opposition within his own party, but stood tall […]

Common Sense Economics

November 5, 2013 by


Alan Greenspan was being interviewed about his new book The Map and the Territory in Time magazine recently and responded to the question, “Knowing what you know now, what would you have done differently during your time as chairman of the Fed?”  His response was in part, “I always knew debt was important.  If I […]

Early Polling Shows GOP Fighting Uphill on Govt. Shutdown

October 1, 2013 by


Quinnipiac University’s most recent polling results suggest Republicans will struggle to convince the American people the government shutdown is a good idea. Key findings include: Americans oppose, 72-22%, the government shutdown in order to de-fund or delay Obamacare Republican voters support the shutdown narrowly (49-44%), while Democrats (90-6%) and Independents (74-19%) oppose it overwhelmingly In a […]

Government Shutdown Would be Terrible Politics for GOP

September 30, 2013 by


There is something viscerally satisfying about the possibility of a government shut down. Consider the stated and implied conservative motivations: We need to show people they can survive without their daily suckling from the federal teat We need to inculcate a new sense of independence, a re-emergence of the homesteading spirit that once defined our […]

The French “Get it” – Why Not the US?

September 12, 2013 by


The French government finally “gets it”. Or they have been forced to get it. In response to the euro-zone debt crisis France has been increasing taxes to cut its deficit. But the French economy has hit the wall. In France Says It Will Miss Budget Deficit Targets published in The Wall Street Journal, William Horobin […]