Tag Archives: Fiscal Policy

And Speaking Of Paul Krugman . . .

I suppose, as a fan of Rep. Paul Ryan, that I should be concerned that Krugman is going on, and on, and on about how bad the Ryan Fiscal Roadmap is; this is his latest post on the subject.

But then, I recall that Krugman doesn’t even seem to understand what he has written in his own economics textbook, and that he has a tendency to grossly mislead his readers when it comes to discussing the ideas of people Krugman doesn’t like. Remembering all of this, I think that I will put more stock in Ryan’s arguments.

Joy!

Moody’s is ticked off:

Moody’s Investor Service, the credit rating agency, will fire a warning shot at the US on Monday, saying that unless the country gets public finances into better shape than the Obama administration projects there would be “downward pressure” on its triple A credit rating.

Examining the administration’s outlook for the federal budget deficit, the agency said: “If such a trajectory were to materialise, there would at some point be downward pressure on the triple A rating of the federal government.”

How the United States is Like Greece

There’s an ever-shifting balance between the goals of forcing society’s commitments to be borne more-or-less exclusively by those with high incomes, and the imperative of not destroying the economic incentives that produce income in the first place. The need to find this balance is a universal problem, not specific to 21st century America.

David Broder On The Cost Of Health Care Reform

Yes, it is as exorbitant as many of us have imagined:

Fiscal Cognitive Dissonance

The President informs us that he is worried about rising U.S. deficits. Too much of this, we are warned, and we will suffer a double-dip recession.

Tax Increases In Our Future

Behold.

About Time

It took long enough, but the White House has finally decided to focus on deficit-reduction. The question is whether this newfound tendency towards frugality has come in time:

Paul Krugman: Hackish And Dishonest

Behold supporting evidence.

Um . . .

Didn’t something . . . happen around 1980? Can’t quite remember . . . something whose name begins with the letter “S”?

Replacing The Greenback As The World’s Reserve Currency

The chances remain good–in my opinion–that the dollar will remain the international reserve currency for many decades to come. As a consequence, I tend to dismiss concerns that the dollar will eventually be replaced or supplanted by either the euro or the renminbi.

I Hate To Say “I Told You So . . .”

But . . . well . . . recall this piece, which I wrote immediately after a White House press conference back in March, and the following excerpt contained within it:

Hey, Big Spender! (A Continuing Series)

Nine trillion dollars:

- March 21, 2010 -

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