One of my favorite blogs, The Supply Side, has a great round-up of an NY conference supply-side economics:
The White House perhaps rightly worries, via a Treasury blog posting, that a tax amnesty for U.S. companies repatriating profit might distract from broader reform. (House GOP Majority Leader Eric Cantor recently came out for the idea.) But its economic objection to the idea is confused.
President Barack Obama’s 2012 budget plan is dead on arrival — and rightfully so, it turns out. U.S. fiscal scorekeepers calculate it taking federal debt levels into dangerous territory. Meanwhile, both parties in Congress are showing tentative new signs of embracing fiscal responsibility. But without some leadership from the White House, nothing will get done.
You never know when a black swan will float your way. And when your credit card is nearly maxed out, dealing with emergencies can be tricky. A massive rebuilding effort may stretch Japan to its financial limits. Politicians in Washington should take note of the warning for several reasons:
How will today’s terrible earthquake and tsunami affect Japan’s economy, not to mention those of other global economies? After spending all day reviewing a bunch of academic research, the verdict remains unclear. For instance, simulations run by the Inter-American Development Bank find only the biggest disasters have an impact. Take disasters in the 99th percentile: