Making Labor Less Expensive Helps Firms Hire

A Natural Way That An Economist Approaches A Problem Is To Say, Here's Where I Think The Economy Is Going; This Is What We Need To Deal With The Problem.

Climate Change And Dependence On Foreign Oil Are Problems That Won't Go Away On Their Own. Tabling Plans To Deal With Them Doesn't Make It Easier For Companies To Plan And Invest; It Makes It Harder.

I Think Something That Forces Financial Institutions To Write Down Underwater Mortgages, I Think, Would Be A Sensible Thing To Do.

Cold-turkey Deficit Reduction Would Cause A Significant Recession. A Recent Analysis By The Congressional Budget Office Estimated That Going Headlong Over The Cliff Would Cause Our Gross Domestic Product, Which Has Been Growing At An Annual Rate Of Around 2 Percent, To Fall At A Rate Of 2.9 Percent In The First Half Of 2013.

Our Estimates Suggest That A Tax Increase Of 1 Percent Of Gdp Reduces Output Over The Next Three Years By Nearly 3 Percent. The Effect Is Highly Significant.