Monthly Archives: June 2012

Look Who Opposes Obamacare, By Fat Margins

The Supreme Court today upheld the Affordable Care Act of 2010, otherwise known as Obamacare.  Judging from the polls, American public opinion appears to be very sharply divided over the legislation.  Some view it as socialism, others as the first … Continue reading

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Could Eurobonds Help Solve The Euro Crisis

Any solution to the euro crisis must meet two objectives.  One is short run and the other is long run.  Unfortunately they tend to conflict. The first necessary objective is to put Greece, Portugal, and other troubled countries back on a … Continue reading

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Nominal GDP Targeting Could Take The Place Of Inflation Targeting

In my preceding blogpost, I argued that the developments of the last five years have sharply pointed up the limitations of Inflation Targeting (IT), much as the currency crises of the 1990s dramatized the vulnerability of exchange rate targeting and … Continue reading

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