This debate at the New York Times is worth reading and following. It gives an insight into the way that some top economists are viewing the problems that ail the banking system, and the likelihood of the Geithner plan solving those problems. The participants are Krugman, DeLong, Thoma, and Johnson, all of whom maintain solid […]

I found this very clear explanation of the various alternatives for dealing with the toxic assets that litter the banks. It is by Mark Thoma of the University of Oregon:Economist’s View: Government Intervention in the Market for Toxic Cars The key point to keep in mind is the objective. We are trying to rebuild the […]

At the end of last week the Congressional Budget Office released analysis of the impact Obama’s proposed budget would have on the Federal Deficit. the headlines blared comments about $2 trillion deficits. Here’s the CBO report: Director’s Blog Archive – Preliminary Analysis of the President’s Budget The issue to bear in mind when thinking about […]