american individualism
societal values
evolving democratic capitalism
growth of government
March 29, 2014 | Economics One

Where Do Policy Rules Come From?

March 26, 2014 | Grumpy Economist

The Sign of Monetary Policy, Part II

March 23, 2014 | Economics One

You Can’t Connect the [Fed’s] Dots Looking Forward

Many commentators view last week’s Fed meeting (including the FOMC statement, the Chair’s press conference, commentary from FOMC members) as another move toward more discretion and away from rules-...
March 7, 2014 | Economics One

The 2014 G20 Growth Agenda and the 2003 G7 Agenda for Growth

At their meeting in Sydney last month the G20 announced a promising new “G20 Growth Agenda.” They centered the initiative on a goal of raising real GDP by over $2 trillion (see communique paragraph...
February 28, 2014 | Economics One

Why It’s Hard to Make the Unpopular Stimulus Look Good

Some columnists have been using the 5-year anniversary of the 2009 discretionary fiscal stimulus package to claim that it worked to jump-start the economy.  It’s a tough case to make.  The very wor...
February 17, 2014 | Economics One

Next Time Remember the Lessons from Stimulus Packages

It's the five-year anniversary of the 2009 stimulus package. I've done a slew of empirical research on the stimulus in those years from predicting in advance that its impact would be small to estim...
January 18, 2014 | Economics One

Valuable Dissent to the Transportation Research Board’s Special Stimulus Report

This past week the Transportation Research Board released its Special Report from the "Committee on Economic and Employment Benefits of Transportation Investments in Response to Economic Downturns....
January 20, 2014 | Grumpy Economist

Larry Summers' Martin Feldstein Speech

January 15, 2014 | EconLog

John Cochrane Views the World

November 11, 2013 | Cafe Hayek

Why It's Hard for Politicians to Stop Coddling Wall Street

Noam Schreiber at the New Republic has an interesting piece on the division in the Democratic Party over how to treat the rich, particularly the rich members of the financial sector who benefit from government coddling: On one side is