A Closer Look at the Debt and Deficit | The Freeman | Ideas On Liberty

Politicians are afraid to rein in runaway spending so that it will match revenues, because they don’t want to offend those who receive the benefits financed by the government—goodies paid for sooner or later by taxpayers.

via A Closer Look at the Debt and Deficit | The Freeman | Ideas On Liberty.

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Economic View – What if a Recovery Is All in Your Head? – NYTimes.com

On crowd psychology, mass behavior and self-fulfilling prophesies:  We are still using that 1930s pattern of thinking. We are instinctively fearful of reckless talk about depressions, and we try to support one another’s confidence. We like the idea that modern scientific economics seems to show that all recessions end in due course.

via Economic View – What if a Recovery Is All in Your Head? – NYTimes.com.

Chicago Fed’s Evans Sees Fed on Hold into Late 2010 – Real Time Economics – WSJ

The Fed has two long-run objectives. One is to keep inflation stable. The other is to keep the economy running at full employment, which means an unemployment rate in the neighborhood of 5% or 6%. The economy is falling short on both goals

via Chicago Fed’s Evans Sees Fed on Hold into Late 2010 – Real Time Economics – WSJ.

TARP’s Capital Purchase Program: In With a Bang, Out With a Whimper – Real Time Economics – WSJ

The Capital Purchase Program allowed the government to directly inject money into firms and has been credited by many as a factor that’s helped stabilize the financial sector. But it’s also become hugely unpopular

via TARP’s Capital Purchase Program: In With a Bang, Out With a Whimper – Real Time Economics – WSJ.

Joblessness Across the U.S.: Unemployment Rates, by State – Real Time Economics – WSJ

Earlier this month, the Labor Department reported that the unemployment for the nation as a whole jumped to 10.2% last month from 9.8% in September. The recent low for the national rate was 4.4% recorded in May 2007. Thirteen states and Washington D.C. have recorded larger jumps in their jobless rates than the national average.

via Joblessness Across the U.S.: Unemployment Rates, by State – Real Time Economics – WSJ.

Is the Global Financial System in a “Doom Loop”? – Improvisations – MIT Sloan Management Review

Baseline Scenario website, wasn’t referring to a specific crisis he sees brewing right at the moment so much as systemic problems with the financial system that make another financial crisis, in his view, inevitable at some point.

via Is the Global Financial System in a “Doom Loop”? – Improvisations – MIT Sloan Management Review.

A Closer Look at Business and Health Insurance Reform | The White House

Finally, the report highlights many other reforms that improve efficiency and quality while reducing costs – such as paying providers based on their performance through Value-Based Purchasing, preventing hospital re-admissions, and an independent commission to consider reforms to make Medicare spending sustainable and fiscally responsible over the long run.

via A Closer Look at Business and Health Insurance Reform | The White House.

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