Monthly Archives: November 2012

Large-Scale Asset Purchases by Jeremy Stein

Here’s Greg Ip on Jeremy Stein’s recent LSAP speeches (Oct 11, Nov 30): If Mr Stein’s story is right, we should expect to see corporations exploiting the drop in long-term rates to refinance short-term debt and repurchase stock but not boost … Continue reading

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The White House on “Limiting Deductions: The Reality of the Math”

Here’s Jason Furman and Gene Sperling: In his Budget, the President proposes to raise $1.56 trillion in revenue from high-income households, including $1 trillion from the expiration of the Bush high-income and estate tax cuts and additional revenue from limiting tax … Continue reading

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What economic problem keeps Larry Summers up at night?

What about the economy now keeps you in cold sweats at night?  I worry for the medium and long term about where the jobs are going to come from for those with fewer skills. One in five men between 25 … Continue reading

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The Growing Burden of Payroll Taxes

Here’s a column on reforming the payroll tax that I wrote in NYTimes Economix today: Payroll taxes and corporate income taxes accounted for an equal share of federal tax revenue in 1969. By 2009, payroll taxes generated more than six times as much … Continue reading

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Larry Summers has a new website

Larrysummers.com  

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Interesting Paragraph from Ed Glaeser

Economist Matthew Kahn of UCLA has studied the death tolls from natural disasters. He found that where governments are more capable, fewer people die. This makes me worry about the fate of cities in the developing world that are just as subject to natural … Continue reading

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Links for Today: Fiscal Cliff, Effectiveness of Savings Incentives, & Banking

Absolutely everything you need to know about the fiscal cliff from Wonkblog Study Questions Tax Breaks’ Effect on Retirement Savings by Annie Lowrie Banking Must not be Left in the Shadows by Gary Gorton via Mark Thoma  

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