James Pethokoukis

The Fed as a growth driver

September 28, 2009

Does the Obama administration care more about creating wealth or redistributing wealth? Maybe the strategy is for the WH to worry about the latter and let the Fed take care of the former. Scott Grannis, the Calfia Beach Pundit, makes an interesting observation (bold is mine):

Climate change: 3.6 degrees or $46 trillion

September 28, 2009

They may not know all the stats and numbers, but people instinctively don’t seem to want to pay a lot of dough to limit carbon emissions. Not even close.  In fact, you can find plenty of climate experts who doubt they ever will, particularly in India and China. Betting on mitigation and technology seems the more realistic route. A bit from Bjorn Lomborg:

Hey, Ron Paul, end the Fed … as financial regulator

September 28, 2009

If not for unprecedented actions by the Ben Bernanke-led Federal Reserve, the United States economy might be mired in a depression.

Is Obama planning a VAT surprise for America?

September 28, 2009

So John Podesta, co-chairman of Obama’s presidential transition team, says a value-added tax is “more plausible today” than ever, adding that “there’s going to have to be revenue in this budget.” A few thoughts: