Archive for the ‘New Posts’ Category

A quick note on the Fed meeting and the need for “patience” for a “considerable time.”

December 17th, 2014

As the Federal Reserve Open Market Committee meets today to decide their path for monetary policy, there’s great focus on whether they’ll change a few key words of their guidance language. Specifically, will they drop “considerable time” from the sentence wherein the telegraph their thinking about how long they’ll hold interest rates at around zero? EG,… Read more

An idea whose time has come: raise the federal gas tax. Also, an important, new-ish trend.

December 16th, 2014

Here’s an argument–raising the federal gas tax that’s been stuck at $0.18/gallon since 1993–that IMHO should be highly resonant right now with progressives, environmentalists, fiscally responsible types, those with common sense, and anyone else I’ve left out. Anyway, it’s over at PostEverything. There’s even some bipartisan support for the idea. Let me add two pictures… Read more