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What strongly suboptimal fiscal policy means for the inflation target and monetary policy

Brad DeLong, professor of economics | August 8, 2015

Over at Equitable Growth: Jared Bernstein: Optimal Fiscal Policy: “I testified in the House Budget Committee this AM… …[with Ryan Silvey from Missouri, John B. Taylor from Stanford, and Chris Edwards from Cato], and have many excellent war stories to share. But no time to do so now… Well! Jared, where are the war stories? We … Continue reading »

Keystone Pipeline and the Carbon Tax: A shotgun marriage that can work

David Zilberman, professor, agriculture and resource economics | January 26, 2015

We recently learned that Senators Pat Toomey (R-Pa.) and Dianne Feinstein (D-Calif.) suggested amending a bill that approves the building of the Keystone pipeline and abolishes the corn ethanol mandate. This is a very unwise proposal. If Congress needs a face-saving way to approve the Keystone pipeline, it should be done in a way that … Continue reading »

Reaching across the aisle?

Dan Farber, professor of law | November 18, 2014

The safest prediction is that our Democratic President and Republican Congress will not in fact be able to work together.  Their present gestures toward cooperation may mean nothing more than a willingness to accept the other side’s surrender. But hope springs eternal.  Are there areas where common ground exists?  That seems nearly impossible on some … Continue reading »

Whatever happened to K Street?

Dan Farber, professor of law | November 7, 2011

Yet another core sector of the American economy seems to be in trouble.  After years of consistent growth, lobbying seems to be on the skids.  According to figures compiled by the Center for Responsive Politics, lobbying expenditures doubled from 2001 to 2008, reaching $3.3 billion that year.  Expenditures in 2009 and 2010 stabilized at around … Continue reading »

The President’s speech

Robin Lakoff, professor emerita of linguistics | January 26, 2011

I thought President Obama’s State of the Union address was a very good speech: well written and well-delivered. It remains to be seen, of course, whether it will have its intended effect or indeed any effect; but State of the Union speeches seldom have lasting political effects. The “prom night” seating arrangement may well have … Continue reading »