Econ Comments & Analysis
WSJ | Bernanke's Cliffhanger
Everyone is suddenly waking up to the horrors of the "fiscal cliff" that arrives on January 1, 2013, but the real clear and present danger keeps getting misdiagnosed. It's the taxes, not the spending.
Blogs
WSJ | Bernanke Comments on ‘Austerity’ Policies
Rep. Maurice Hinchey (D., N.Y.) sounded a theme that is increasingly popular among Democrats: the idea that Republicans are pursuing “austerity” policies similar to those being pushed in Europe.
The American | Bernanke, the U.S. debt, and one of my favorite charts
From Fed Chairman Ben Bernanke’s congressional testimony today: “Fiscal policy must be placed on a sustainable path that eventually results in a stable or declining ratio of federal debt to GDP.”
WSJ | Consumer Debt Growth Slows
U.S. consumer credit grew at a slower pace than expected in April while March figures were revised downwards, the latest indications of headwinds facing the U.S. economy.
