News
Bloomberg | Consumer Sentiment in U.S. Increases to Six-Year High July
Consumer confidence unexpectedly increased in July to the highest level in six years as Americans’ views of their finances improved.
National Journal | The Surprisingly Simple Solution to Underwater Mortgages
Step One: Buy delinquent mortgages. Step Two: Actually work with homeowners to modify loans.
CNN Money | CBO: Cancel spending cuts now, boost economy in short run
The economy could get a modest boost if Congress cancels the across-the-board budget cuts known as the sequester, according to new estimates from the Congressional Budget Office.
Bloomberg | China Cuts Capacity in Some Industries to Reshape Economy
China ordered more than 1,400 companies in 19 industries to cut excess production capacity this year, part of efforts to shift toward slower, more-sustainable economic growth.
AEI | Germany's 5 awkward economic truths
An unfortunate characteristic of modern day electoral campaigns is that they rarely provide the electorate with a frank discussion of the major policy issues.
Econ Comments & Analysis
Forbes | Economic Success Isn't Achieved Just By Working Hard, Mr. President
Like lamenting against your ongoing inability to levitate, as hard as you work at it, you’re going to be lamenting for a long time, Mr. President, if you think the lack of economic progress by the middle class is going to change under your policies. Such will be the case when you fundamentally fail to understand where economic success comes from.
Fiscal Times | Why Detroit’s Economic Ills Are Not Contagious
Don’t believe the hype that Detroit’s filing for bankruptcy last week will trigger a wave of municipal copycats.
Fortune | The rise of the mooching millennial
Until recently, hedge funds and private equity firms drove the U.S. housing market's recovery, buying a shrinking pool of foreclosed and distressed homes to rent. It seemed like a lucrative investment, given that rents were rising while homeownership fell to record lows.
Real Clear Markets | As A Society We're Better Off For Detroit's Collapse
Owing largely to quirks in the inherent physics of electrified communication, largely related to power issues and signal decay, there developed a two-stage system of telephony inside the United States.
Washington Times | Lowered expectations for the Obama economy
In the fifth year of Barack Obama’s presidency, America’s job-starved economy remains weak, insecure and undernourished.
Blogs
Library of Economics | Paul Krugman: The Average Family is Materially Much Better Off
This conclusion is controversial. Some people are upset because any reduction of inflation estimates will reduce Social Security benefits, which are indexed to the CPI. Others are upset because a revision of recent price history would mean abandoning a worldview on which they have staked their reputations.
