I testified this AM at the House Finance subcommittee on monetary and fiscal policy. Three R witnesses and yours truly, so I didn’t get to say all I wanted—after all, monetary and fiscal covers a lot of ground! So, why else have a blog if I can’t use it to post the stuff I didn’t have… Read more
Archive for the ‘Economic Growth’ Category
A few links to click through to.
First, there’s this WaPo piece on an important benefit of full employment: the closure of racial unemployment gaps. The piece links to a new Fed study that’s worth a close look. Nothing OTE’ers wouldn’t know given my emphasis on the disproportionate benefits of tight labor markets to less advantaged groups, but the Fed study provides… Read more
KS legislature for the win!
Really happy to see the Kansas legislature reject the predictably failed supply-side tax cut “experiment” that’s been whacking the state’s coffers since 2012. Over at WaPo but one extra note here. I’ve heard some supporters of the cuts–and there are surprisingly few, which I consider another gain for humanity–argue: “But KS is adding jobs; GDP… Read more
A quick comment on GDP growth
Revised GDP came out this morning for the first quarter of 2017, and the headline number was 1.2%, revised up from 0.7% in the preliminary report. That’s quarterly growth, annualized. But OTE’ers know I’m all about the bass year-over-year trend, which came in at 2%. Same as last quarter. Same as the average growth rate… Read more
Catching up on some links…
…to stuff in faraway lands. EG, here’s a piece in the NY Daily News wherein I argue that for all the voices proclaiming that Trump’s really nasty and thoroughly mathematically challenged first budget is “dead-on-arrival” in the Congress, that’s unfortunately not quite accurate. Why not? Because “virtually every priority in Trump’s budget is one that Republicans… Read more