Archive for the ‘Deficits, Debt and Taxes’ Category

Reflections on Trump et al’s weirder than weird economics interview

May 12th, 2017

Yes, there was probably a bit more than the usual dose of cray-cray in President Trump’s interview with The Economist yesterday. But I just can’t muster the energy to crack wise about all that, other than to point out than the bit about how China stopped managing their currency the day Trump won is over-the-moon… Read more

Debt/GDP and growth

April 26th, 2017

I was just on a tax panel this AM with my pal Maya MacGuineas. Maya suggested that high debt levels lead to lower economic growth. Using Richard Kogan’s data on debt as a share of GDP and real GDP/working-age person (which is closer to productivity growth than GDP growth, but seems like a relevant metric… Read more

Paul Krugman goes all “crowd out” on us. Is he right?

January 9th, 2017

Progressives’ Keynesian economist in chief, Paul Krugman, has been second to none in calling out policymakers’ focus on reducing budget deficits when economies were still weak (also known as “austerity”). Given that record, his oped in today’s NYT may surprise some readers. He argued that, as the economy closes in on full employment, fiscal budget… Read more

Hold up, New Jersey! It’s time to take a stand against our terrible tax debate.

October 4th, 2016

This has been a terrible few weeks for tax policy. Donald Trump declares himself “smart” for tax avoidance; leaked returns show him to have claimed almost a billion in losses, much of which stems from ways in which the code privileges those selling real estate, which he presumably has used to write off taxes owed… Read more

Is there a deficit of deficit hysteria?

August 3rd, 2016

I hope so, and it’s what I wrote about yesterday in the WaPo. Let me entertain OTEers with a few more thoughts on the topic, including feedback I got yesterday. One response was: “You’re endorsing fiscal recklessness! There’s nothing “progressive” going on here; it’s just politicians not giving a crap about our troubled fiscal accounts.”… Read more