There is a prevailing, politically expedient myth that the Fed’s bond purchase programs are somehow akin to job fairs; as if there’s an economic umbilical cord stretching from a mortgage-backed security lying on the Fed’s books to a decent job becoming available in the heart of America. Yet, since...
What is it with this economy? The Dow hits 14,000, the unemployment rate rises in January, and GDP actually falls in the last three months of 2012. Could it be that what's good for the stock market is bad for the rest of the economy? Could it be that captains of industry like weak labor markets,...
Mitt Romney finally offered up some details yesterday about tax reform, specifically how he would limit tax deductions and broaden the tax base in order to afford the lower tax rates he is proposing. Romney said in Denver: As an option, you could say everybody's going to get up to a $17,000...
A new policy blueprint by Jacob Hacker and Nate Loewentheil, released yesterday by the Economic Policy Institute, is full of interesting ideas and insights. The paper, Prosperity Economics: Building an Economy for All, offers the kind of big picture vision that we policy wonks often forget to...
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