Archive for the ‘Deficits, Debt and Taxes’ Category

Check it out, OTE’ers: The Reconnection Agenda is upon us!

April 24th, 2015

Read the intro to my new book, The Reconnection Agenda: Reuniting Growth and Prosperity, over at the WaPo PostEverything. Or better yet, download the whole damn book at let me know what you think. You can buy a hard copy–you know, with paper pages, here. [Here’s the cover, which I think is great, by Anthony… Read more

The Fed lowered its long-term unemployment rate…and a salient point re the R’s budgets

March 19th, 2015

Details at PostEverything. Everyone’s wound up about precisely when liftoff will occur (when the Fed will first raise interest rates after about six years at about zero) but I think the big story is that the Fed lowered their “natural rate,” the unemployment rate consistent with stable inflation. It’s a confusing time for Fed macromanagement… Read more

Read this now: a trenchant oped by Greek finance minister Varoufakis

February 16th, 2015

To me it reads like the correct dosage of mind and heart and as such comes across as both a rational and heartfelt approach to the least harmful/most potentially helpful way forward in resolving the debt/fiscal crisis. I guess some clever austerian could argue that the claim “I’m not using game theory” would fit quite neatly… Read more

The tyranny of averages, “deltas” and the need for some version of zero-based budgeting

February 9th, 2015

I’m trying to finish my book so this post will be briefer than it should be as it’s a weighty topic, but let me scratch out the idea as a marker to return to it. Reading much budget analysis of late, especially regarding spending levels and those unfortunate caps against which appropriators from both side… Read more

The uncertainty around the deficit numbers

February 3rd, 2015

While lots of ink and bits and bytes were spilled yesterday regarding the deficit projections in the President’s new budget, it’s very important to consider the uncertainty around such estimates, especially when you’re talking ten years out in the future. A bump in growth, interest rates, inflation, productivity, health costs, not to mention policy changes… Read more