Category Archives: Public finance

Second time as farce

August 2009: With the battle over health care reform heating up over the issue of a public insurance option, Speaker Nancy Pelosi said Thursday that the House must pass an overhaul that includes a public option. The San Francisco Democrat, speaking … Continue reading

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What to expect from the chained CPI

Commenter extraordinaire anne at Economist’s View posted a very helpful brief from Alan Barber and Nicole Woo of the CEPR on the disaster that a switch to the chained CPI poses for those dependent on Social Security, and less obviously, … Continue reading

Posted in Pensions, Politics, Public finance | Leave a comment

Cognitive filtering and Obama’s grand bargain

Econ and finance bloggers spend a fair amount of time talking about bias and cognitive errors on the part of investors, which is all well and good, but the political consequences of these patterns are far larger. In two recent … Continue reading

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Fiscal policy and the manufacturing of inevitability

One of the worst aspects of the charnel house that was the Iraq War was the sense in 2002 – 2003 that the country was sliding toward a terrible outcome without ever having made a choice. The war was presented … Continue reading

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On Chicago

I have little to say that Freddie deBoer doesn’t say better here: The reality is that you can’t be pro-education and anti-educator. Not just in the sense that you shouldn’t be, ethically, although I certainly believe that. I mean the … Continue reading

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Why LIBOR matters

This point has likely been made elsewhere, but it strikes me that the real costs to U.S. taxpayers of the manipulation of LIBOR remain opaque. This is understandable – it’s a strange acronym for an abstract interest rate that doesn’t … Continue reading

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O Canadon’t

From an op-ed in this weekend’s Bloomberg, which begins promisingly: On July 1, Canada Day, Canadians awoke to a startling, if pleasant, piece of news: For the first time in recent history, the average Canadian is richer than the average … Continue reading

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