News
WSJ | Hard Times Spread for Cities
Fiscal woes that have caused high-profile bankruptcies in California are surfacing across the country as municipalities struggle with uneven growth and escalating health and pension costs following the worst recession since the 1930s.
Bloomberg | IMF Says Bailouts Iceland-Style Hold Lessons in Crisis Times
Iceland holds some key lessons for nations trying to survive bailouts after the island’s approach to its rescue led to a “surprisingly” strong recovery, the International Monetary Fund’s mission chief to the country said.
Econ Comments & Analysis
CNN Money | Opinion: Finally, a serious fiscal debate. Maybe
Thank you, Mitt Romney. Your choice of House Budget Chairman Paul Ryan as your running mate might kick off the kind of serious fiscal debate the nation needs.
Blogs
Heritage Foundation | The Results Are In: Chinese Stimulus Fails
In the U.S., the unemployment rate is still over 8 percent. In the second quarter of 2012, official Chinese GDP growth slipped to 7.6 percent, the lowest in three years.
Think Markets | Student Debt Bubble Side Effect
Federal policy is to encourage people to go to college. For this purpose, the government backstops student loans—with the result that total student debt outstanding surpassed $1 trillion in late 2011.
AEI | Why it is hard to do fiscal stimulus
Embedded in the Obama stimulus plan was this idea: Give people a temporary increase in their income and they will spend that money — at least some of it — boosting the economy. But as many predicted, the temporary tax cuts didn’t provide much bank for the buck.
Coordination Problem | Did It, or Didn't It ...
Work ... fiscal stimulus that is. Many studies have been released that claim the fiscal stimulus programs that have been pursued in the US since 2008 have not worked. I tend to side with those studies because of my priors.
