Over at the NYT Economix blog, wherein I take the unusual step in Washington of not only touting what we did right in the stimulus bill from five years ago but what we might have done better. The radical idea here is that policy makers can learn from what worked and what might have worked… Read more
These troubled fiscal times are characterized by a few big problems: –too much fiscal drag from misplaced emphasis on deficit reduction in what’s still a weak recovery (with said weakness intimately related to said fiscal drag); –cuts that are too deep in non-defense discretionary programs that invest in everything from upward mobility for disadvantage kids,… Read more
On the jobs front, that is. Over at the NYT Economix blog.
–First of all, because the damn thing has fallen so much (i.e., the deficit as a share of the economy). Here at CBPP, everybody’s all “fiscal year this” and “FY that…” But given that we just yesterday got GDP for 2013, I’m all like walking around the halls saying, “hey, anyone want to see calendar… Read more
It’s a good question that someone asked me to speak to the other day, and here’s what I’ve got so far: –Not because it was bigger: according to established bubble-ologist Dean Baker, the 1990s dot.com bubble was, if anything, larger than the 2000s housing bubbles: he has the former at $8-$10 trillion of bubble-induced wealth… Read more