The Current Financial Crisis is only the Tip of a Long-Term Financial Iceberg!
With financial markets in crisis worldwide, policy makers are rightly focused on actions to restore confidence and enable banks to feel comfortable in renewed lending. Without such actions, the risk of...
View ArticleWhat Will the Obama Administration Administer?
These first few weeks since the election have been enormously heartening. The Obama administration’s cabinet is beginning to take shape with nominees of high quality—well trained, pragmatic, with...
View ArticleGetting off Square One on America’s Long-Term Fiscal Deficit
As the United States Government seeks to dig the economy out of a recession through a massive fiscal stimulus package, many voices continue to remind us that the larger challenge to be faced is the...
View ArticleThe Madoff Ponzi—Where did all the money go (and what does this have to do...
It is difficult not to wonder about this. When I discuss the matter with my friends, the inevitable point is made that it is really hard to spend $50 billion dollars, even over a 10-15 year period. So...
View ArticleThe Obama Stimulus Plan: We need Policy Reforms as well as a Fiscal Stimulus
In his op-ed piece of last Sunday’s Washington Post, Larry Summers underscored that the Obama administration’s fiscal stimulus package is being designed not only to create “jobs and incomes essential...
View Article(Not Thoughts on Fiscal Policy): Puzzling the meaning of W reading on the ranch
Friends and colleagues. These are not thoughts about fiscal policy. No, this is a short and puzzled musing. Like others of my bent, I have felt anger at the many bad decisions of President Bush and the...
View ArticleDaschle on Health Care Reform: Will his proposals Change the Trajectory of...
I recently read Tom Daschle’s new book, “Critical: What We Can Do About the Health Care Crisis” (co-authored with Jeanne M. Lambrew and Scott S. Greenberger). This book has particular relevance since...
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