News
Politico | Uncertain future for farm policy
The farm bill collapsed in the House on Thursday, the victim of continued divisions over food stamp cuts and the shape of future agriculture subsidies.
Econ Comments & Analysis
Fortune | E-commerce and the global battle for Internet economics
In the next five years, ecommerce competition could determine the world's most valuable company.
Forbes | With Gulliver Asleep, The Lilliputians Are Almost Done Smothering The U.S. Economy
Just as Swift’s fictitious Lemuel Gulliver’s strength wasn’t enough to overcome the cumulative effect of myriad tethers, so the American economy’s tremendous strength and energy have been progressively overcome and subdued by innumerable government (and its partner in crime, the Federal Reserve) interferences with the market economy. Taken individually, each intervention has been a minor nuisance in the economy; taken collectively, though, they have been subduing the American Gulliver.
Washington Times | Government gone wild
With each passing week comes more proof that President Obama’s government is out of control. The past couple of months alone have produced a long list of scandals
AEI | Overzealous intervention dooms the market
Those who want government guarantees for mortgages see them as a path to encourage homeownership and market stability, but instead guarantees pose needless risks to homeowners and taxpayers. Government guarantees suffer from three flaws: the inability and unwillingness to price for risk, asset allocation distortions, and the politicization of lending.
Blogs
WSJ | Boehner: Government ‘Arrogance’ Hurts Economy
House Speaker John Boehner (R., Ohio), told a business group Thursday that the political controversies surrounding the Obama administration — from problems at the Internal Revenue Service to surveillance of journalists by the Justice Department — are symptomatic of a government “arrogance” that is hurting the economy.
Politico | Fixing the fragile U.S. economy
It's hard for many Americans to look at the economic news of the last few days and not worry about the stability of the American economy. The Wall Street Journal asks this morning whether the drop in markets this week proves that investors are addicted to central bankers' policy of easy money. The question answers itself.
Fortune | Why Europe is a disaster zone for car companies
From cantankerous unions to soft demand, car makers of all stripes are finding the continent a vexing place to do business.
WSJ | Well Being Rises in Every State but Michigan
Michigan is the only state in the U.S. where the average resident’s well-being has declined from 2000 to 2010, according to a Measure of America report published by the Social Science Research Council.
Neighborhood Effects | Does economic freedom matter among wealthy countries?
In other words, at low levels of government spending, additional spending may be able to increase growth by financing things like property protection and public goods. But at higher levels of government spending, marginal increases in government size detract from growth as taxes become more distortionary and as government becomes less effective.
Friday, June 21, 2013
Health Care
News
National Journal | Time Is Running Short for Big Obamacare Push
The president's allies are mounting a multi-million dollar campaign to sell the health care law. Is anyone paying attention?
CNN Money | The marketing of Obamacare exchanges begins
In a little more than 100 days, Obamacare health insurance exchanges in each state will open for enrollment. But a lot of Americans don't know that.
Econ Comments & Analysis
WSJ | John Kerry's ObamaCare Boondoggle
A bipartisan backlash is growing against another section of President Obama's health-care law. The president can blame this latest embarrassment on none other than Secretary of State John Kerry.
Blogs
CATO | No Obamacare Exchange in 36 Mississippi Counties?
My reading of the statute is that this should have little effect on the penalties that Mississippians face under Obamacare, since the state’s refusal to establish an exchange has already exempted 128,000 residents from penalties under the individual mandate, and all Mississippi employers from penalties under the employer mandate.
National Journal | Time Is Running Short for Big Obamacare Push
The president's allies are mounting a multi-million dollar campaign to sell the health care law. Is anyone paying attention?
CNN Money | The marketing of Obamacare exchanges begins
In a little more than 100 days, Obamacare health insurance exchanges in each state will open for enrollment. But a lot of Americans don't know that.
Econ Comments & Analysis
WSJ | John Kerry's ObamaCare Boondoggle
A bipartisan backlash is growing against another section of President Obama's health-care law. The president can blame this latest embarrassment on none other than Secretary of State John Kerry.
Blogs
CATO | No Obamacare Exchange in 36 Mississippi Counties?
My reading of the statute is that this should have little effect on the penalties that Mississippians face under Obamacare, since the state’s refusal to establish an exchange has already exempted 128,000 residents from penalties under the individual mandate, and all Mississippi employers from penalties under the employer mandate.
Monetary
News
Bloomberg | Fed Seen by Economists Trimming QE in September, 2014 End
The Federal Reserve (TREFTOTL) will trim its monthly bond purchases to $65 billion in September and end buying in June 2014, according to the plurality of estimates by economists in a Bloomberg survey.
Econ Comments & Analysis
WSJ | Central Banks and the Borrowing Addiction
Have financial markets become a giant crack house? Investors have certainly been acting like a bunch of junkies lately.
Real Clear Markets | Shades of 1935 In the FOMC's 'Tapering'?
The volume of scholarship dedicated to solving the economic riddle of the Great Depression is simply astounding. There has been so much academic and intellectual energy devoted to the economic circumstances of the decade of the 1930's that it easily surpasses even the hold the era still has on the popular imagination even eight decades on.
Washington Times | Paper tiger
The Federal Reserve served notice this week that it will begin scaling back its costly economic stimulus program this year that has been propping up the chronically weak Obama economy.
WSJ | Monetary Withdrawal Symptoms
Markets are always worth listening to, but sometimes they are also hard to figure. We'll admit to putting Thursday's global stock-market and commodities rout in that category. Chairman Ben Bernanke declared on Wednesday that eventually the Federal Reserve will stop its extraordinary bond purchases, and investors acted Thursday as if it that were a shocker.
Blogs
Economist | China's Volcker shock
If you fix the price of something, the quantity demanded may vary a lot. If instead you fix the thing's quantity, then prices will jump around. Most central banks now peg the interest rate at which banks can borrow reserves.
Bloomberg | Fed Seen by Economists Trimming QE in September, 2014 End
The Federal Reserve (TREFTOTL) will trim its monthly bond purchases to $65 billion in September and end buying in June 2014, according to the plurality of estimates by economists in a Bloomberg survey.
Econ Comments & Analysis
WSJ | Central Banks and the Borrowing Addiction
Have financial markets become a giant crack house? Investors have certainly been acting like a bunch of junkies lately.
Real Clear Markets | Shades of 1935 In the FOMC's 'Tapering'?
The volume of scholarship dedicated to solving the economic riddle of the Great Depression is simply astounding. There has been so much academic and intellectual energy devoted to the economic circumstances of the decade of the 1930's that it easily surpasses even the hold the era still has on the popular imagination even eight decades on.
Washington Times | Paper tiger
The Federal Reserve served notice this week that it will begin scaling back its costly economic stimulus program this year that has been propping up the chronically weak Obama economy.
WSJ | Monetary Withdrawal Symptoms
Markets are always worth listening to, but sometimes they are also hard to figure. We'll admit to putting Thursday's global stock-market and commodities rout in that category. Chairman Ben Bernanke declared on Wednesday that eventually the Federal Reserve will stop its extraordinary bond purchases, and investors acted Thursday as if it that were a shocker.
Blogs
Economist | China's Volcker shock
If you fix the price of something, the quantity demanded may vary a lot. If instead you fix the thing's quantity, then prices will jump around. Most central banks now peg the interest rate at which banks can borrow reserves.
Taxes
News
Politico | Federal report backs carbon tax for climate goals
A federal report is endorsing a carbon tax as a far better method to combat climate change than the current web of energy tax provisions.
FOX Business | How to Amend Your Income Tax Return
It happens all the time: You file your taxes only to later receive an important document listing a transaction that should have been included on the return. Or perhaps you realize that you forgot to take a deduction and you want to amend your income tax return to include the new information and either pay more tax or enjoy a refund.
Politico | Federal report backs carbon tax for climate goals
A federal report is endorsing a carbon tax as a far better method to combat climate change than the current web of energy tax provisions.
FOX Business | How to Amend Your Income Tax Return
It happens all the time: You file your taxes only to later receive an important document listing a transaction that should have been included on the return. Or perhaps you realize that you forgot to take a deduction and you want to amend your income tax return to include the new information and either pay more tax or enjoy a refund.
Employment
Blogs
The Volokh Conspiracy | “An Employment Puzzle”: Merritt on Washington & Lee’s Placement Results
Over at The Law School Cafe, Deborah Merritt has a very interesting post on the placement results for graduates of Washington & Lee’s law school, which adopted a much-discussed practice-oriented program for the 3L year.
The Volokh Conspiracy | “An Employment Puzzle”: Merritt on Washington & Lee’s Placement Results
Over at The Law School Cafe, Deborah Merritt has a very interesting post on the placement results for graduates of Washington & Lee’s law school, which adopted a much-discussed practice-oriented program for the 3L year.
Budget
News
FOX Business | EU Bail Fund Conditions Get Complicated
The European Union sought on Friday to forge rules to force losses on large savers when banks fail, a divisive reform that will shape how the euro zone deals with its sickly lenders.
FOX Business | EU Bail Fund Conditions Get Complicated
The European Union sought on Friday to forge rules to force losses on large savers when banks fail, a divisive reform that will shape how the euro zone deals with its sickly lenders.
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