In fact, it is not at all clear that Yellen would drift from the standard Fed priority of keeping inflation in check.
On the Newsstand:The Fed
Former chair of the Princeton Economics Department will return to deliver Baccalaureate address
The Occupation of Wall Street might not have any concrete goals, but that shouldn't detract from its importance.
Apparently, Obama’s BP Oil Spill performance has been a total disaster. Just check the news. He’s weak, aloof, unemotive, Maureen Down explains. “Mr. President, take command,” David Gergen urges on CNN. James Carville exhorts: “This president needs to tell BP, “I’m your daddy.” And Peggy Noonan, writes, simply, for WSJ: “I don’t see how you politically survive this.” Count me among ... Read More
Sam Barr’s most recent post makes the rather shocking claim that Rand Paul, the Republican nominee for the U.S. Senate seat in Kentucky being vacated by the retiring Jim Bunning, is a racist, or at least that he is not a non-racist. Sam deduces this from the fact that Mr. Paul is not a “consistent libertarian,” that he “picks and ... Read More
As I said yesterday, the Kentucky Senate race between Rand Paul and Jack Conway should be a real battle. Paul is probably not helping himself by insisting, as many libertarian ideologues but few Senate hopefuls do, that the 1964 Civil Rights Act was wrong to ban racial discrimination in private establishments like restaurants and movie theaters. INTERVIEWER: Would you have ... Read More
Peyton has posted a rejoinder to Max, trying to buttress his initial claim that it is “inappropriate for 73 percent of federal income taxes to be paid by 10 percent of the American population.” I am struck by a few things from Peyton’s post, and I want to pull them out and talk about them directly. First, Peyton argues that ... Read More
In his April 11 post, “Weighing In: The Great Tax Debate,” Max Novendstern rebuts my most recent argument that it is inappropriate for 73 percent of federal income taxes to be paid by 10 percent of the American population. Since our disagreement is to at least some extent based on our differing conceptions of fairness, I will offer only a ... Read More
My Harvard Independent column for this week addresses the retirement of John Paul Stevens and the issue of picking his successor. Read the original here. If they made posters of Supreme Court Justices, I’d put John Paul Stevens on my bedroom wall. The man is a progressive hero — first and foremost, for his longevity. In 2006, the liberal radio ... Read More
The Great Tax Debate begins every year in the blogosphere around April 15th. On the line are normative claims, like whether and to what extent we should be distributing resources communally. But the facts are easy to get wrong too. So today I thought I’d lay out some factual correctives to Peyton’s exemplar of the Great Tax Debate form, “Robin ... Read More