There are a series of proposals, mostly surrounding taxes and caps on size, leverage and presumably complexity. The first bullet point, a cap on size relative to GDP, is similar to the SAFE Banking Act, which failed in the 2010 Senate with 33 votes. They all sound like good ideas, though they received little-to-no GOP […]
Youth Unemployment in United States in Line With Arab Spring Countries Mike Konczal crunches the numbers on employment to see how it might relate to Arab Spring and OWS. Wonky but worth a read.
This brings to mind the phenomenon that’s sort of the obverse of union decline—the extraordinary level of solidarity manifested by the corporate executive class in the United States of America. There are plenty of individual firms that benefit from this or that public sector spending stream, but essentially all business organizations are solidly united in […]
2013 will mark the 100th anniversary of the Fed. What have we got for our money? From Marginal Revolution: Has the Fed Been a Failure? Fair critique of the FED.
QE is basically expansionary monetary policy, no different in its effects (if it works) from reducing the policy interest rate. Yes, it tends to weaken the exchange rate; but it also increases domestic demand. China is engaged in currency manipulation, that is, buying foreign currency to keep the yuan weak; meanwhile, it is actually moving […]