Rocking the boat on the MPC
Someone gave a deeply subversive speech in the north of England today and it wasn’t Ed Miliband. The MPC member, Adam Posen, has raised eyebrows at the Bank with some of his past speeches. But speaking to business people in Hull this afternoon, he lobbed several hand grenades into the debate over UK monetary policy, [...]
Lire la suiteThumbs up from the IMF
It couldn’t be better timing for George Osborne. On the day that Labour’s old and new guard debate just how outraged to be about the government’s deficit plans, the IMF has given them a resounding thumbs up. IMF staff come over to London every year to give the country an economic health check. Voici [...]
Lire la suiteAnd Then There Were None
According to Spanish Prime Minister José Luis Rodríguez Zapatero speaking in an interview with the Wall Street Journal last Tuesday the European sovereign debt crisis is over. “I believe that the debt crisis affecting Spain, and the euro zone in general, has passed,” M.. Zapatero said. This is excellent news, but it comes with just [...]
Lire la suiteAnd Then There Were None
According to Spanish Prime Minister José Luis Rodríguez Zapatero speaking in an interview with the Wall Street Journal last Tuesday the European sovereign debt crisis is over. “I believe that the debt crisis affecting Spain, and the euro zone in general, has passed,” M.. Zapatero said. This is excellent news, but it comes with just [...]
Lire la suiteArt and Culture as an Local Economic Development Strategy
USA Today has an interesting article about how Grand Rapids, Michigan has gotten a boost to its economy from a modest arts prize awarded each year by a private donor. This raises the issue of whether some communities may use similar methods to more systematically provide economic development. A local government could adopt something like [...]
Lire la suiteLes économistes de la santé Ne croyez pas dans le commerce international
Princeton University Professor Uwe Reinhardt does not believe that it is possible to keep per person health care costs from rising from twice the average in the countries with longer life expectancies than the United States to more than four times the average in countries with longer life expectancies. Of course there are obvious ways [...]
Lire la suiteRoss Douthat Claims That "Everybody Knows" Something That Is Not True
That’s right NYT columnist Ross Douthat told readers today that: “And as everybody knows, the only way to really bring the budget into balance is to reform (i, couper) Medicare and Social Security.” Of course everybody who knows anything about the budget knows full well that this is not true. The budget problem is almost [...]
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