fiscal policy

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  • Nick Crafts: George Osborne Badly Needs to Study the Macroeconomic Leadership Secrets of Neville Chamberlain…


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    Nick Crafts: Escaping liquidity traps: Lessons from the UK’s 1930s escape : The UK escaped a liquidity trap in the 1930s and enjoyed a strong economic recovery. This column argues that what drove this recovery was ‘unconventional’ monetary policy implemented not by the Bank of England but by the Treasury. ...
    6 days ago
  • Bernanke-Haters at the Sohn Conference


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    Stanley Druckenmiller : Druckenmiller noted everyone is saying, "love the market long term, looking for a correction." He believes the opposite, loves market short-term, but hates it long term. Strongly disagrees with quantitative easing by Bernanke now. Only agreed with the first QE. "His bond buying is ...
    6 days ago
  • James Grant Interviewed by James Turk–Federal Reserve, National Debt, Money, Gold — Videos


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    James Grant and James Turk discuss gold, the Fed and the fiscal situation of the USA
    6 days ago
  • Does Anybody Understand Why Clive Crook Thinks Krugman Believes in MMT and Is Lying When He Says He Worries About the Long-Run Deficit?


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    Clive Crook: Krugman, DeLong and Radical Centrism - Bloomberg : Krugman proposed raising taxes on all Americans while the recovery was still very weak. He recognized this as a fiscal tightening that would put people out of work. He advocated it because the alternative of retaining the Bush tax cuts would have ...
    1 week ago
  • Ryan Cooper Tries to Guide Clive Crook Back to Reality


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    Why oh why cant we have a better press corps? Ryan Cooper: Clive Crook Doesn’t Understand Paul Krugman or Liberals Generally : Crook… made the quite specific claim that Krugman was using the 2009 stimulus for partisan ends…. Krugman and his admirers were at the forefront in casting discussion of ...
    1 week ago
  • Josh Barro: Boehner Accidentally Explains Why His Deficit Position Is Phony


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    Josh Barro: Boehner Accidentally Explains Why His Deficit Position Is Phony : Yesterday, in an interview with Bloomberg Television, House Speaker John Boehner warned that the U.S. government must balance its budget. After all, he said: We have spent more than what we have brought into this government ...
    1 week ago
  • The role of fiscal policy in Asia’s growth


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    Fiscal management has improved in Asia over the past decade. It has become more responsive to economic conditions and thereby helped stabilize growth, especially during the global financial crisis. While these are important achievements, major challenges still lie ahead—as our latest  Asia and Pacific Regional ...
    1 week ago
  • Has Clive Crook Recovered His Orientation? Perhaps...


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    My comment on: http://www.bloomberg.com/news/2013-05-09/krugman-delong-and-radical-centrism.html Now that is infinitely better! But do note you are no longer claiming that Paul Krugman trying to radicalize the Obama administrations position on "the stimulus" in the winter of 2008-2009. You are, instead, making a ...
    1 week ago
  • Economists See Deficit Emphasis as Impeding Recovery


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    Another travel day quickie: Economists See Deficit Emphasis as Impeding Recovery, by Jackie Calmes and Jonathan Weisman : The nation’s unemployment rate would probably be nearly a point lower, roughly 6.5 percent, and economic growth almost two points higher this year if Washington had not cut spending and ...
    1 week ago
  • Robert Skidelsky vs. Niall Ferguson: John Maynard Keynes Is Not Ke$ha (Also, the U.S. Is Not Greece, and 2013 Is Not 1923)


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    Ke$ha: And Robert Skidelsky explains what John Maynard "Well Keep Dancing Till We Die" Keynes really meant by " In the long run we are all dead": True, Keynes cared little about the long run. But that wasn’t because he was gay : The passage… discusses… the quantity theory of money: the notion that a ...
    1 week ago
  • Two Policy Prescriptions for the Global Crisis


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    WASHINGTON, DC – One thing that experts know, and that non-experts do not, is that they know less than non-experts think they do. This much was evident at the just-completed Spring Meetings of the International Monetary Fund and the World Bank Group – three intense days of talks that brought together finance ...
    1 week ago
  • Sanford v. Colbert Busch: the first domino refuses to fall


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    There was hope, real and serious hope, about the special election for South Carolinas first congressional district. It pitted deeply flawed--as a human being--former South Carolina governor (and former holder of this very seat) Mark Sanford (R) against relative unknown Elizabeth Colbert Busch (D). Sanford, we may ...
    1 week ago
  • My John Maynard Keynes Lecture


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    Little more than quotes from Skidelskys three-volume Keynes biography strung together, with a little commentary and occasional quibbling… John Maynard Keynes J. Bradford DeLong Professor of Economics, U.C. Berkeley Econ 115 Lecture September 29, 2009 ...
    1 week ago
  • Glenn Beck: ‘We Are The First Responders’


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    Glenn Beck, the conservative radio/television host, political commentator, and author, gave the keynote address at the National Rifle Association’s 2013 national convention that just wrapped up in Houston. Beck, who I actually met and spoke to briefly when I was in Dallas at the end of March for the ...
    1 week ago
  • Give Parliament a year’s recess!


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    Perhaps we would have been better off without a Queen’s speech at all. Parliament could go on holiday for a year. However, if we are to have government impose contingent liabilities on the next generation, how about some deferred tax cuts – for example, legislation to index all tax thresholds to the higher of ...
    1 week ago
  • Congressional Air


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    I see they have found an answer to the airport delays………now we know why…..with all the problems the country is having and this is where they waste their time….no wonder the country is going to Hell!
    1 week ago
  • The Day They Drove Old Hillary Down–Benghazi-Gate Obama Clinton Cover-up Blown — Rice, Clinton, Obama Lied To American People and The World — Americans Died — Videos


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    Cover-up A cover-up is an attempt, whether successful or not, to conceal evidence of wrongdoing, error, incompetence or other embarrassing information. In a passive cover-up information is simply not provided; in an active cover-up deception is used. The expression is usually applied to people in positions ...
    1 week ago
  • "This Is a Nightmare"


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    John Maynard Keynes: The Great Slump of 1930 : This is a nightmare, which will pass away with the morning. For the resources of nature and mens devices are just as fertile and productive as they were. The rate of our progress towards solving the material problems of life is not less rapid. We are as capable as ...
    1 week ago
  • Somebody Has to Be the Pontifex Who Decides What "Keynesian Economics" Is: And I Elect Mark Thoma to Be That Bridge-Builder


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    Mark Thoma: Seven Myths about Keynesian Economics : The claim that Keynesians are indifferent to the long-run is one of many myths about Keynesian economics…. This has it backwards. Conservatives who oppose Keynesian economics are not concerned enough about short-run economic problems, particularly ...
    1 week ago
  • Tim Duy on Abenomics


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    Mark Thoma sends us to Tim Duy: 14,000 - Tim Duys Fed Watch : Seems like just yesterday Japanese policymakers were looking to push the Nikkie to 13,000.  It even seemed like a overreaching at the time…. Today the Nikkei pushed past 14,000. Note too that the 10-year Japanese government bond holds well below 1 ...
    1 week ago

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