James Pethokoukis

Kudlow’s insight on Yellen

March 15, 2010

Larry Kudlow isn’t thrilled with the Janet Yellen Fed pick. This is the crux of his beef:

The cure for high unemployment

March 15, 2010

Gary Becker gets straight to the point:

The only real remedy for the long-term (and other) unemployed is to have the economy grow fast, as it did after the severe recession in 1982 when unemployment peaked in December of that year at 10.8%, and then fell rather rapidly. There is no magic bullet to accomplish this, but I do believe it would help a lot if the leaders in Washington did not try to radically transform various aspects of the economy while we are recovering from a serious recession, and thereby magnify the high degree of uncertainty that is typically caused by a recession. Instead, they should be concentrating on fighting the recession, and stimulating long-term economic growth.

Inside Dodd’s financial reform bill

March 15, 2010

A few thought on the Dodd bill:

1) The key to the consumer finance piece is how much influence regulators have in rule creation. Giving some final veto power to the systemic risk council with a two-third vote is a joke. Would never happen.