Archive for the ‘New Posts’ Category

More Q&A: States Can’t Do Countercyclical Policy and Noise re “Unfunded Liabilities”

July 4th, 2011

Q: What with the much benighted Washington debate, what can the states do to improve the economy – or more specifically, fight unemployment? A: The states can’t do much at all.  To the contrary, because they have to balance their budgets, when their revenues come in under their spending in a given fiscal year, they… Read more

Spend a Dollar, Get $3.20

July 2nd, 2011

Unless you’re living under a very heavy rock, you know that Washington is in a deep and ugly squabble over revenues.   By the end of the week, party leaders were arguing over the profound question of whether tax breaks for corporate jets should be on the table. Well, perhaps the first thing we should do… Read more

You Ask, I (try to) Answer

July 2nd, 2011

Q: Could you please explain why it’s so important to enact measures to bend the cost curve in the private sector, if you want to save the government money? I mean, isn’t one of the assumptions behind plans like the Ryan proposal that the private sector is more willing (and able) than Congress to be… Read more

Aspen Ideas, Final Installment: Where are the Business Republicans?

July 2nd, 2011

One of the things you do at a gathering like the Aspen Ideas Festival is rub shoulders with people from different walks of life.  In interacting with some pretty elevated folks from the business community, I was struck by an important question: where are the business Republicans in the current dysfunctional fiscal debate? In the… Read more

Ideas From Aspen, Part 2

July 1st, 2011

Just back from an interesting panel on manufacturing where we had a good talk about the role of government in the sector.  I again stressed the economic rationale for government’s role in overcoming barriers that no single firm could overcome, like R&D, coordination across place and sectors, access to credit for unproven innovative initiatives, and… Read more