Alan Greenspan Is Still Trying to Justify His Bad Decisions
December 16, 2013

Alan Greenspan went from pragmatic central banker to ideologue. In his memoir, he poses as the former but writes like the latter.

Boehner's Deficit Blather
August 09, 2010

If you're advocating permanent extension of the Bush tax cuts, and you get asked about the impact on the budget, you have a few options. The first is to insist that deficits don't matter. The second is to argue that tax cuts cause revenues to rise. #1 is tricky given that pretty much everybody who favors the Bush tax cuts has spent the last year and a half painting the national debt as a danger likely to destroy the American way of life. #2 is starting to draw intense skepticism from the national press crops. That leaves you with option three -- blather incoherently: MR.

Worth Reading
December 14, 2009

Former Fed staffer criticizes both Greenspan and Volcker. Links roundup on Paul Samuelson's death. Fama and French on whether stocks are more volatile in the long run. Columbia Prof. Charlie Calomiris's bank is taken over by the Feds. Why elder care involves women taking care of other women.

Worth Reading
October 01, 2009

Greenspan says taxes must rise. Bernanke backs council of regulators proposal. Gwyneth Paltrow offers some investment advice. Fiscal multipliers in U.S. have dropped sharply since 1980. Leonhardt: Let's stop arguing about the opt-out revolution.

Right Said Fed
September 25, 2009

Of all the exhibits at the Congressional Black Caucus’s annual conference, which started Wednesday and will run into the weekend, the one I least expected was tucked in the back corner, behind rows of booths hawking Coca Cola and wood carvings, silk suits and ornate hats, and a cornucopia of Obama kitsch. The booth promoted the Federal Reserve. When I first saw it, I thought it might be a part of Ben Bernanke’s recent charm offensive, an effort to demystify the central bank and ease fears about its reach into the financial markets over the past year.