On Wednesday, the World Economic Forum will gather on a pretty mountain in the Swiss village of Davos. Immortalized as the
…
macroeconomics
Is India’s Government Killing its Economic Miracle?
In a recent special issue of TIME, I argued that India would eventually overtake China as the world’s premier emerging market. It’s a prediction that often produces snickers. How, skeptics ask, can India’s fractious …
What if Tax Rates Were Set by Lottery?
One of the big reasons people argue against raising taxes for the richest Americans is that higher taxes make people less inclined to work. The result is that raising taxes at some point doesn’t raise any more tax income for the government. This is in effect the famous Laffer Curve.
I’m not sure I believe that. I think people, …
How Much Ammo Does the Fed Have Left?
Fed chairman Ben Bernanke needs your help. Bernanke is looking for a word that means longer than extended to tell people how long he plans to keep interest rates low. And what he is looking for is a word that means a really, really long time–really, really. Superextended. Overextended. Superduper-extended.
So this is what the economic …
Officiating the Krugman vs. Chicago debate
My throwaway line that some people at the University of Chicago “reeeeaaaally didn’t like Paul Krugman’s article about the state of macroeconomics” has gotten so much traffic, thanks to a link from Krugman, that I feel obliged to go a bit deeper. My observation was occasioned by a conversation with a couple of mild-mannered, open-minded …