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February 16, 2011 | Cafe Hayek

Congressional Testimony on the Stimulus

Text of my opening remarks before the Subcommittee on Regulatory Affairs, Stimulus Oversight and Government Spending of the House Committee on Oversight and Government Reform...
February 16, 2011 | Economics One

The Empty Chairs at the ARRA Hearing

Two years ago this week the 2009 stimulus package was enacted into law, and, to examine its effects, the House Committee on Oversight—Subcommittee on Regulatory Affairs held a hearing chaired by Jim Jordan of Ohio and ranking Member Dennis Kucinich also of Ohio...
February 9, 2011 | Thoughtful Ideas

Why There is Strong Disagreement About The Causes of the Financial Crisis

Barry Ritholtz, author of "The Big Picture," is among the most interesting and insightful econo-financial bloggers. In 2009 he posted an article identifying 25 causal factors of the financial crisis culled from his book Bailout Nation...
February 5, 2011 | Economics One

The Monetary Reform Debate is Joined

The Atlanta Fed, through its “macroblog,” has joined the discussion about reform of the Federal Reserve. It’s a good discussion to have...
February 4, 2011 | EconLog

The Debt Limit Debate

On January 6, 2011, Treasury Secretary Tim Geithner sent a letter to Harry Reid in which he stated: "Failure to raise the [debt] limit would precipitate a default by the United States..."
February 2, 2011 | Thoughtful Ideas

Social Science Fails to Meet the Intra-ocular Impact Test

Now there is a raging debate on what the “science” of macroeconomics can and cannot explain and predict, and how macroeconomics must be rethought and taught. This debate will go on for years. Ditto for political science...
February 2, 2011 | Economics One

Learning From Monetary Mistakes and Doritonomics

The lesson for central bankers from the financial crisis is straightforward: do not deviate from policies like the ones that worked well during much of the 1980s and 1990s...
February 1, 2011 | Cafe Hayek

Robert Samuelson misunderstands

Writing in The Wilson Quarterly, Samuelson weighs the left and the right’s explanations of the crisis and finds them both wanting...But Samuelson misunderstands the important difference between creditors and equity holders...
January 31, 2011 | Economics One

More on a Two-Track Plan to Restore Growth

The Wall Street Journal’s choice of a headline for my op-ed last Friday “A Two-Track Plan to Restore Growth,” was a great way to pair the proposed fiscal reform with the proposed monetary reform...
January 26, 2011 | KeithHennessey.com

Financial Crisis Inquiry Commission op-ed

Tomorrow the Financial Crisis Inquiry Commission will send its majority report and two dissenting views to the President and the Congress...Until then, here is a Wall Street Journal op-ed that is online now and will appear in tomorrow’s print edition...