News
Market Watch | Europeans at doorway to fiscal discipline
The European Union debt crisis is coming to a head. At a recent summit, EU members took a major step toward closer integration. Britain vetoed a proposed treaty, but a plan for tougher government budget rules could be implemented through an agreement by the other 26 EU countries.
Econ Comments
AEI | AEI 2011: Building a better budget
In the last two weeks of this year, the AEI 2011 series will highlight the institute's work that has made an impact, made a difference and made headlines over the past year.
Blogs
Cato @ Liberty | Sen. Coburn’s 2011 Wastebook
Yes, the money involved here amounts to pocket change in comparison to the $3.7 trillion the federal government spent last year. But as Coburn asks in the introduction, “Do these initiatives match your understanding of the role of the federal government as outlined by the Enumerated Powers of the U.S. Constitution?”
Econlog | Thomas Sargent on Government Default
How should you judge this decision not to bail out? If the feds had bailed them out, would you have had these balanced-budget amendments? Also, wouldn't you have set up incentives for future profligacy at the state government level and, therefore, future bailouts? Also, wouldn't the feds, because they were bailing out, have exercised stronger control of the states?
Coordination Problem | What's an $800 Billion Stimulus Worth?
Burton Abrams argues that it is worth negative $475 billion.
