Archive for the ‘Fiscal Policy’ Category

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

When fiscal policy lags, the one-two fiscal/monetary punch doesn’t land

August 15th, 2016

Two recent pieces looked at where we are in this recovery and why, seven years into an expansion, we’re still not at full employment. One is by my main man Josh Bivens from the Economic Policy Institute and the other is by David Mericle and Avisha Thakkar from Goldman Sachs (GS) research (sorry; no link to that one)…. 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