News
Politico | Double trouble: House GOP eyes default, shutdown
House Republicans are seriously entertaining dramatic steps, including default or shutting down the government, to force President Barack Obama to finally cut spending by the end of March.
Econ Comments & Analysis
Forbes | Everything the Hysterics Tell You About Budget Deficits Is Wrong
Other than monetary policy, no area of economic discussion is more confused than the one about government spending and budget deficits. Without defending heavy government spending for even a second, most everything readers are presented with about spending and deficits is embarrassingly wrong.
AEI | Six ways to fix the US economy
As President Obama approaches this legislative season, he has a chance to learn from his successes and failures, and position himself to maximize the chance that sound policies are enacted. To do that, he needs to take 6 steps.
Blogs
Economist | Deminted
“Neither the Treasury Department nor the Federal Reserve believes that the law can or should be used to facilitate the production of platinum coins for the purpose of avoiding an increase in the debt limit," said Anthony Coley, a Treasury spokesman.
The Volokh Conspiracy | What Can Be Done about the Debt Ceiling?
A second approach calls for the Treasury to “prioritize” the payment of bondholders when allocating incoming tax revenues. But prioritization comes at a cost: the very reason we need to borrow is that incoming revenues don’t cover all our spending.
