* BOJ changes policy target to base money from interest rates * Combines bond-buying schemes, targets JGBs across curve * BOJ to double JGB,...
It is very basic economics 101. Just cutting spending doesn't reduce debt without also investing in future growth.
Steering the Republican Party away from its accustomed negativism is an ancient endeavor. Henry Simons, a founder of the ardently free enterprise Chicago School, tried unsuccessfully to do so in the 1930s.
It happened again the other day: I was being interviewed by my introductory journalism class when I was asked 'The Question.'
An injection of money into the pockets of consumers would actually be good for the economy, but QE3 won't do it. The Fed could give production and employment a bigger boost by using its lender-of-last-resort status in more direct ways than the current version of QE.
* G20 deputies eye global economy with concern * Delegates say "currency wars" not big issue * Urge governments to do mo...
If you are corporation or stock analyst, then you are likely to say that the economy is doing pretty well. But if you ask the average employee, then you are worried that your job may be on the chopping block. So why is there such a disparity?
Wal-Mart should be standing on a soap box denouncing the Republican Party for proposing exactly the policies Republicans championed in the 1930s.
Slightly better economic growth and stronger housing sales nudged the stock market higher Wednesday. The Dow Jones industrial average managed a four-p...
A short new book by Robert Pollin, Back to Full Employment, offers some much-needed clarity as we head into the election season with unemployment still hovering unacceptably at over 8 percent.
A new book by an award-winning journalist, Timothy Noah, draws on a broad range of social science research to illuminate the magnitude and causes of the growing income disparity between the most affluent segment of American society and everyone else.
Those decrying the adverse economic consequences of looming budget cuts are often the very same people who claim that the 2009 fiscal stimulus didn't add jobs.
The recovery's been weak these last few years. But if the federal government hadn't reacted to the financial crisis the way it did, things would have ...
Mitt Romney is set to campaign at Otterbein College on Friday for an event that his campaign is describing as a roundtable with graduating students. A...
I've pretty much stopped exhorting policy makers to engage in deficit-financed fiscal stimulus, not because we no longer need it -- we do -- but because it feels like a waste of time. With the fading of the Recovery Act along with state and local budget cuts, U.S. fiscal policy has turned contractionary. Yes, the economy is getting better, and pretty consistently at that. But it's still a slog, and gas prices are pushing the other way, among other factors. So I'm going to briefly drag the idea of stimulus out of hiding for two reasons. First, there's been a spate of research on the bang from fiscal stimulus in certain situations. And second, because Europe is providing such a sad, natural experiment of this forgotten thesis.
The essence of the euro crisis is that members cannot devalue or control their own monetary policy. But the European Central Bank could have done so. If it had recognized its obligations, the crisis would not have been nearly as great.
With all the rhetoric and finger-pointing between Republicans and Democrats, conservatives and liberals, the 1% and the 99%, all have been part of the problem and no one has mustered the courage to tell it like it is.
Romney opposes the stimulus, but he needs to state legitimate reasons for doing so, rather than misrepresenting the experience of Springs Fabrication.
President Obama is one of the most anti-small business presidents in U.S. history and his policies have devastated the middle class economy. His policies have forced millions of small businesses to close their doors and millions more people to lose their jobs.
It seems reasonable that 12 to 18 months after huge amounts of monetary and fiscal stimulus, we should see evidence of improving data. However, it is very hard to determine clear cause and effect between year-ago stimulus and current economic performance.
Judging by his actions, it seems that Barack Obama is becoming one of the most anti-small business presidents in U.S. history. People need to stop listening to what he says and start watching what he does.
WASHINGTON -- The high political stakes of winning the debate on jobs was on prominent display Wednesday -- and will be again Thursday -- as both part...
Most of the people I know with student loans do not expect to be able to pay them off in less than 30 years. Some of them do not know if they will be able to pay off their student loan debt in their lifetime.
Zuckerman's entire argument rests uneasily on his armchair reading of psychology. Consumers and executives are depressed, anxious, and they will only spend again when they feel better -- not that they are over-leveraged and that aggregate demand is deficient.
Like a cancer that has caused the rest of the economy to get sick, the banking tumor that has grown out of control must be removed or it will eventually kill the whole economy.
