Archive for December 2010

It’s the Fed, not the TARP

Mary Bottari has a good post on the Federal Reserve Bank’s role in the ongoing financial bailout. The media and voters have focused on the Troubled Asset Relief Program (TARP) legislation passed in a hurry late in 2008. But, as Bottari emphasizes, the TARP is only a minor part of the federal bailout of the […]

Taxes, transfers, and inequality

In an earlier post reacting to a Casey Mulligan piece at the Economix blog, I argued that we what we ought to care about is the progressivity of national tax-and-transfer systems, not just the progressivity of national tax systems on their own. I should have known that the hardest-working-person in the comparative political economy of […]

Stubborn joblessness

The Washington Post: “The U.S. unemployment rate has roughly doubled since the recession began in late 2007 and has hovered around 10 percent for more than a year.”

College conundrum

Heather Boushey and I have a new paper out today at the Center for American Progress: “The College Conundrum: Why the Benefits of a College Education May Not Be So Clear, Especially to Men” (pdf). We identify two “college conundrums.” First, given the large average increase over the last three decades in the financial returns […]

Casey Mulligan on Big Government

University of Chicago economist Casey Mulligan has a post on the New York Times Economix blog today comparing the US and French tax systems. He argues, correctly, that the US tax system is almost certainly more progressive than the French tax system. Our tax system is more progressive than most European systems because we raise […]

Idiocracy

David Roberts (@drgrist) tweets: “Two men who reject Nat’l Science Academy findings on climate change vie to lead House Science committee. http://politi.co/fYfMuj Idiocracy.”