The Great Debate

Washington’s next challenge

August 3, 2011

By James Pethokoukis
The opinions expressed are his own.

Reuters invited leading economists to reply to Larry Summers’ ope-d on his reaction to the debt ceiling deal. We will be publishing the responses here. Below is Reuters Breakingviews columnist James Pethokoukis’ reply. Here are responses from Laura Tyson, James Hamilton, Robert Frank, Russ Roberts, Benn Steil and Donald Boudreaux as well.

Who lost the dollar?

October 12, 2009

James Pethokoukis – James Pethokoukis is a Reuters columnist. The views expressed are his own –

from James Pethokoukis:

The myth of Lehman, part two

September 15, 2009

John Taylor has maintained that it was the government's reaction to Lehman that freaked out financial markets. Now Luigi Zingales and John Cochrane make a similar pitch in the WSJ:

from James Pethokoukis:

3 reasons why cap-and-trade is in trouble

September 8, 2009

The man who will almost certainly become Japan's next prime minister, Yukio Hatoyama, is promising to cut the nation's greenhouse gas emissions by 25 percent from 1990 levels by 2020.

from James Pethokoukis:

Are Obama’s healthcare troubles actually a good thing?

August 24, 2009

Mickey Kaus gives his theory:

It’s easy to forget that, even if Obama’s health care effort is bogging down, the effort itself still serves his presidency as a crucial time-waster, tying up Congress and giving him a reason to postpone (or the public a reason to ignore) those other divisive, presidency-killers. Obama needs some excuse for putting off unpopular Democratic demands; health care’s a good one. If he keeps failing to pass health care until spring, that might not be such a bad outcome. In fact, even quick passage was maybe never in his interest. There are things more unpopular than struggling. ... Cap and trade, immigration legalization, “card check”—these are not what you’d call confidence building appetizers leading up to the main course of Obama’s presidency.

from James Pethokoukis:

Why healthcare co-ops are a political solution, not an economic one

August 19, 2009

Here is a devastating critique of the idea of healthcare co-ops in place of a true public option (via Tim Foley at Change.org):

from James Pethokoukis:

A healthcare plan to save Obama’s presidency

August 17, 2009

President Barack Obama has told Americans to be skeptical of reports of an end to the recession, saying the downturn has "many more months" to run. Given the recent retail sales data, Americans seem to be listening to their economist-in-chief.

from James Pethokoukis:

Oh, about that U.S. economic recovery …

August 17, 2009

What might stand in the way of a robust economic turnaround. Gary Becker outlines the following factors:

from James Pethokoukis:

5 reasons why Obama will hike middle-class taxes

August 4, 2009

JamesPethokoukiscrop.jpgC’mon, how about some Walter Mondalesque candor from the Obama White House on taxes? Yes, yes, it was 25 years ago this summer that the Democratic presidential candidate self-immolated on the issue at his party’s convention in San Francisco. But surely Americans have become more urbane and sophisticated since then as to what makes for sound economic policy, oui?

Healthcare: Going back to Massachussets?

July 29, 2009

James Pethokoukis – James Pethokoukis is a Reuters columnist. The views expressed are his own —