Question/Comment: Paul, please help me understand who is more correct when it comes to the multiplier as applied to tax cuts, versus increased government spending. Professor Greg Mankiw believes that the stimulus package should have more tax cuts, while Professor … Continue reading
What is the value of art in bad economic times? Brandeis University discovered an answer this week when its president, Jehuda Reinharz, announced plans to close the esteemed Rose Art Museum and sell its collection.
Question/Comment: It’s been said that money flows like water. In an economy with a labor pool as talented as America’s, wouldn’t it be a good time to regulate the market so that as money finds its way back into the … Continue reading
The Democratic-controlled House of Representatives passed President Barack Obama’s $819 billion economic stimulus package by a vote of 244-188 Wednesday, amid continuing signs of the U.S. economic downturn. Continue reading
The Fed has been extraordinarily active in recent months, and there are some calls now to expand its future role as a financial regulator. Analysts examine the Fed’s evolving role. Continue reading
Economists at the International Monetary Fund predict that the global economy will grow by less than one percent in 2009 and Iraqis went to the polls for early voting in provincial elections, with the rest of the country set to vote on Saturday. Jim Lehrer recaps the day’s other headlines. Continue reading
President Barack Obama met Wednesday with business leaders and renewed his calls for Congress’s quick action on passing a new economic stimulus plan. Continue reading