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Why delay austerity decisions?
Lefty and Righty are debating stimulus and austerity over a cup of coffee. Lefty: Growth of the U.S. economy is slowing due to insufficient domestic demand and headwinds, especially from Europe. We...
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President Obama's Cleveland economy speech – high-level outline
This is the first of two posts. Here is my attempt to outline the meaty 53 minute economic speech President Obama gave yesterday in Cleveland. I built this outline to help myself analyze the speech,...
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President Obama's Cleveland economy speech – detailed outline
This is the second of two posts. Here is the first, a much shorter high-level version of the outline contained here. This is my attempt to build a detailed outline of the economic speech President...
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How to avoid shafting future retirees & creating another bailout
Congress will soon vote on a final version of a two-year highway spending bill. Press reports suggest the just-concluded agreement includes a “pension funding stabilization” provision from the Senate...
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Opposing the President’s FHFA nomination
Today President Obama announced his intent to nominate Rep. Mel Watt (D-NC) to head the Federal Housing Finance Authority (FHFA), the regulatory agency that regulates Fannie Mae and Freddie Mac. In the...
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Observations on the Financial Crisis
For the five year anniversary of the 2008 financial crisis, Ed Lazear and I have released a paper titled “Observations on the Financial Crisis,” published through the Hoover Institution. It’s just over...
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Rick Santelli liked our paper
Here’s CNBC’s Rick Santelli interviewing Ed Lazear on our new paper.
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POLITICO op-ed
Ed Lazear and I have an op-ed on POLITICO based on our recent paper. Here’s the op-ed: Who really fixed the financial crisis? And here again is the paper: Observations on the Financial Crisis. As...
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Another op-ed
Here’s another op-ed from Ed Lazear and me. This one is running on Fox News’ site. Bush ended financial crisis before Obama took office — three important truths about 2008
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An introduction to the debt limit
This post offers a plain vanilla explanation of the debt limit. This is basic background aimed at fiscal policy novices. I oversimplify in a few places for ease of understanding and push some caveats...
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