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    Economics / health care, health care costs, health care reform /

    Health Care Debate

    October 13, 2009

    Just a very quick note: today is a watershed for reform of the American health care system. The final committee deliberating on the subject has voted, 14 to 9, to send it’s bill to the floor for a full vote. That means that all five – yes five – such committees have produced a pro-reform […]

    Economics / Federal Reserve Board, inflation, interest rates, John Taylor, monetary policy, stimulus, Taylor Rule /

    Interest Rates … Time For A Raise?

    October 13, 2009

    No. No. No. Not at all. One of the oddest discussions now taking place in economic policy making circles is the one that concerns when, and how fast, interest rates should be raised. I find it odd simply because there is no analytical, theoretical, support anywhere for a raise. It is likely to stay that […]

    Economics / dollar, exports, imports, interest rates, Reagan, trade deficit /

    The Dollar Falls

    October 9, 2009

    A few of you have asked what I think about the recent sharp decline in the value of the dollar. In general it’s a good thing. Let’s have more decline. The problems we have with the dollar stem largely from the flood of money we have created to bail ourselves out of the mess the […]

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