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Archive for March, 2011

A good chunk of the economics blogging community is converging on Kansas City for the Kauffman Foundation’s third annual Economics Bloggers Forum. Folks on my flight included Tyler Cowen, Matt Yglesias, Dean Baker, Ryan Avent, Dan Mitchell, and Mark Perry. In case you want to watch any of the proceedings live on Friday, here’s the [...]

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You may have noticed a flurry of letters lately calling on our elected leaders to do something about America’s growing debt. First up were 64 senators. Then 10 former chairs of the Council of Economic Advisers. And today, 68 budget experts including yours truly. Our message to President Obama and congressional leaders Boehner, Pelosi, Reid, [...]

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Over at ABC News, Devin Dwyer and Luis Martinez report that the first week of the U.S. intervention in Libya has cost at least $600 million. According to their sources, the most costly items include 191 Tomahawk cruise missiles – $269 million F-15E fighter – $60 million+ Fuel for jets and ships Other munitions Other [...]

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Ten former chairs of the President’s Council of Economic Advisers joined together for a call to action on America’s unsustainable budget. In an op-ed at Politico, they write: As former chairmen and chairwomen of the Council of Economic Advisers, who have served in Republican and Democratic administrations, we urge that the Bowles-Simpson report, “The Moment [...]

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President Obama’s Tax Proposals

President Obama’s budget proposal has been overshadowed by the earthquake and tsunami in Japan, a new military action in Libya, and continuing battles over the 2011 budget, not to mention tiger blood and March Madness. But one of these days, Washington will turn its attention back to a core piece of business – budgeting for 2012 and beyond. To help [...]

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What features tiger blood, March madness, federal deficits, and Stephen Covey’s time-management advice? My latest column at CNN Money: America faces trillions of dollars in deficits in coming years. But Congress has been reduced to funding the government three weeks at a time so it can fight over mere billions. Why is Congress spending so [...]

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Earlier today the fine folks at Brookings announced that they have made all past and current issues of Brookings Papers on Economic Activity free. You can find them here. Some specific papers that readers of this blog might enjoy (all from the Spring 2009 volume): Jim Hamilton on the “Causes and Consequences of the Oil [...]

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Wednesday’s housing data showed that the number of single-family homes under construction fell again in February: Ten years ago, America’s home builders were in the midst of constructing 672,000 single-family homes. Five years ago, they were building 990,000 homes. Last year, they were building 304,000. And now that figure is down to 252,000.

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Dilbert Explores the Limits of Bargaining

P.S. Yes, I will return to posting words, not just comics, in the near future. Unless, of course, someone would like to pay me not to …

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Mathematically Annoying Advertising

My favorite online cartoonist is xkcd, a webcomic of romance, sarcasm, math, and language. Today’s entry reveals xkcd’s inner economist: All of these drive me nuts.

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