Monthly Archives: October 2012

Four Magic Tricks for Aspiring Fiscal Conservatives

Politicians who advertise themselves as “fiscal conservatives” sometimes campaign on crowd-pleasing pledges to cut taxes while simultaneously reducing budget deficits.  These are difficult promises to deliver on in practice, since the budget deficit equals government spending minus tax revenue. Aspiring … Continue reading

Posted in 2008 presidential election, 2012 presidential election, Budget, Conservatives and Liberals, Laffer Curve | Tagged , , , , | Comments Off

What Did the Debates Tell Us About What the Candidates Will Do If Elected?

Every pundit agrees that President Obama did badly in the first debate.  But I can’t help wondering whether he (and VP Joe Biden) would have been able to come out swinging as freely as they have in the subsequent debates, … Continue reading

Posted in 2012 presidential election, Budget, Euro, Obama Administration | Comments Off

Economists Polled On Pre-Election Economy

A survey of economists is published in the November 2012 issue of Foreign Policy.  One question was whether we thought that the US unemployment rate would dip below 8.0% before the election.   When the FPconducted the poll at the end of the summer, … Continue reading

Posted in 2012 presidential election, China, Emerging markets, Euro, Financial Crisis, Investing, Labor Market, Obama Administration, Recession | Tagged , , , , , , , , | Comments Off

Sinners, Red States, Blue States

Mitt Romney, presidential candidate, said in now-infamous comments that 47% of the American electorate is dependent on the federal government, that he will never be able to teach them to take personal responsibility for their lives, and that they are … Continue reading

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