Economics
Latest
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Social Security Adjustments Announced Today
With the release of September inflation numbers from the Bureau of Labor Statistics, the Social Security Administration also announced its cost-of...
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Quantifying the Effects of Uncertainty
We have seen many lawmakers and business leaders claim that the fiscal cliff is holding back the recovery and leading to higher unemployment, and in...
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Event Recap: "Economic and Foreign Policy Implications of America's Debt"
The Center for Strategic and International Studies hosted an event today chaired by former Senators Sam Nunn (D-GA), who is a member of the steering...
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CBO Projects a Recession -- But How Deep?
We've warned many times before that going off the fiscal cliff would throw the economy into a double dip recession. With CBO's updated budget and...
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Goldman Sachs On the Fiscal Cliff
In a new investor note, Alec Philips of Goldman Sachs produced a useful new chart comparing three different scenarios for extending all the fiscal...
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How Long Will Low Interest Rates Last?
Are we really borrowing for free, and should we be taking advantage of it? Over the last few years, we’ve seen interest rates continue to fall to...
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Al Simpson Joins the Announcement Effect Club
The Announcement Effect Club has a new member after this weekend—Fiscal Commission Co-Chair Alan Simpson. Simpson discussed the dangers of the fiscal...
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The Concord Coalition Provides Fiscal Lessons From Europe
The Concord Coalition has just unveiled a new paper, authored by Edmund Andrews, Joe Minarik, and Diane Lim Rodgers, called " Not Just Their Problem...
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It's Not Free Money
Paul Krugman and other advocates of more federal stimulus spending cite today’s extremely low real interest rates, near zero or negative, as reason to...
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How Does the Fiscal Cliff Compare to Past Deficit Reduction in the U.S.?
In evaluating the fiscal cliff, it is interesting to see how it compares to past cases where the federal government has rapidly reduced deficits. The...
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Zero-Sum Doesn't Quite Cut It
The New York Times has an article today entitled " In Washington’s New Mood of Austerity, Legislating Turns Into a Zero-Sum Game," detailing how the...