The Great Debate

Ryan and the code words of race

By Suzanne Garment
April 10, 2014

It’s official. The House of Representatives has passed the federal budget for fiscal years 2015 through 2023 that was submitted by the House Budget Committee — a.k.a. the Ryan budget, after the Budget Committee’s chairman, Representative Paul Ryan (R-Wis.) — and the troops are on the march.

from MacroScope:

Political economy and the euro

February 8, 2010

The reality of  'political economy'  is something that irritates many economists -- the "purists", if you like. The political element is impossible to model;  it often flies in the face of  textbook economics;  and democratic decision-making and backroom horse trading can be notoriously difficult to predict and painfully slow.  And political economy is all pervasive in 2010 -- Barack Obama's proposals to rein in the banks is rooted in public outrage; reading China's monetary and currency policies is like Kremlinology; capital curbs being introduced in Brazil and elsewhere aim to prevent market overshoot; and British budgetary policies are becoming the political football ahead of this spring's UK election. The list is long, the outcomes uncertain, the market risk high.

Who lost the dollar?

October 12, 2009

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

from Rolfe Winkler:

Krugman and the pied pipers of debt

September 30, 2009

Investors are celebrating an incipient "recovery," but the interventions responsible are sowing the seeds of a more violent contraction down the road. The problem, quite simply, is debt. We've accumulated record amounts, yet many economists tell us we need more.