Quote of the Day

Paul Ryan has a bold new plan for preventing people from being shot on Fifth Avenue. A staunch supporter of people not being shot on Fifth A...

Government Reopened

The federal government is reopened. The deal involves a three week continuing resolution in exchange for six years of CHIP (children's ...

Our Nation's Eroding Credit

For decades, economists used the interest rates on U.S. Treasury bonds as the operational definition of a risk free return for investors in ...

Problems That Can Be Solved With Money

Not all problems can be solved with money. But, given a choice between a regulatory/statutory solution and an money solution, solving a prob...

H.R. 1 As Economic Policy Part 1 Considering The Bill As A Whole

The new Republican tax bill in 2017, H.R. 1, has been passed by Congress. In a series of posts, I will look at the likely economic impact on...

India Doesn't Have Enough Civil Servants

Lately, there has been renewed interest in India’s lack of state capacity. One hardly need explain the dysfunction arising from this problem...

Local Government Involves Real Money

The annual budget of the City and County of Denver is larger than the annual budgets of 90 countries (counting autonomous dependencies sep...