CBO’s estimate of the increase in the budget deficit due to ARRA during fiscal years 2009-2019 is $814 billion, a modest increase of $27 billion in the projected deficit of $787 billion when ARRA was being considered...
Faster long term growth in per capita incomes and real reform in the looming health and retirement entitlement are the only truly effective and efficient ways to greatly reduce the risk of eventual default on sovereign debt by the US, Europe, and other nations...
The main thing I took away from Ben Bernanke’s opener [at the annual monetary conference in Jackson Hole, Wyoming] was his call for a “cost-benefit” approach to determine whether another dose of unorthodox large scale asset purchases is needed...
There were 19 finalists, 10 winners. So chances of any of the finalists winning were a bit better than a bet on a black square at the roulette wheel, as that bet has a tad bit less than 50-50 chance. In the RttT gamble, the odds for the finalists were a bit better than 50-50...
The federal government has heavily involved itself in the U.S. economy during the past decade. Its interventions includes banks, vehicles, health care, financial regulation, and so on...
Now that the "Palin Primaries" are behind us, Republicans may try to attract more voters by moving to the center. But Tunku Varadarajan says the GOP should continue to channel the activist group’s energy...
Americans are no longer free to travel by commercial air without showing a government official a government-issued ID...In an important way, the United States has become Sovietized...
Daniel Pink, author of Drive, talks with EconTalk host Russ Roberts about drive, motivation, compensation, and incentives. Pink discusses the implications of using monetary rewards as compensation in business and in education...
Teachers matter. A lot. Studies show that students with the best teachers learn three times as much as students with the worst teachers. Researchers say the achievement gap between poor children and their higher-income peers could disappear if poor kids got better teachers...
John Taylor, a professor of economics at Stanford University, discusses Federal Reserve monetary policy and the prospects for a double-dip recession in the U.S. Taylor speaks from the Fed's annual symposium in Jackson Hole, Wyoming, with Betty Liu on Bloomberg Television’s “In the Loop...”
