News
Politico | House to vote on bipartisan budget
Call it the Return of the Jedi or the prodigal son. But the giant omnibus spending bill moving through Congress this week looms largest for the Appropriations Committees after years of being kicked to the curb by party leaders and ignored by a feckless White House.
Econ Comments & Analysis
Bloomberg | Fed Student-Loan Focus Shows Recognition of Growth Risk
Tiffany Roberson works for the state of Texas as a parole officer, teaches part time and is living with her parents after finishing a master’s degree. She’s held off marrying her boyfriend of four years and starting a family because she owes more than $170,000 in federal and private student loans.
CNN Money | Time to get on a spending diet
Now that the season of gluttony has passed, you may be looking back on your bank and credit card statements with a twinge of regret.
Blogs
CATO | Wasteful Federal Aid to the States
In my testimony last week to the House Oversight Committee, I focused on aid-to-state programs as a major source of waste in the federal budget.
Library of Economics | Why are Keynesians so far-sighted?
I recently did a post pointing out that higher interest rates don't reduce AD. Indeed even higher interest rates caused by a decrease in the money supply don't reduce AD. Rather the higher rates raise velocity, but that effect is more than offset by the decrease in the money supply.
