Many Of My Students Assume That Government

The Goal Of Long-run Economic Growth Without Asset Price Bubbles Is Not Only Achievable, But Is Something We Should Expect If We Put A Sound Regulatory Framework In Place And If Policymakers Remain Vigilant.

You Care About The Deficit Because It Allows You To Do Things You Need To Do To Help People Who Are Suffering.

As A Former Member Of President Obama's Economic Team, I Have A Soft Spot For The Fiscal Stimulus Legislation He Signed Just A Month After His Inauguration.

If You Look At The Studies Coming Out Of The Congressional Budget Office, The Number One Thing That's Going To Blow A Hole In The Deficit As We Go Forward 20, 30 Years Is Government Spending On Healthcare.

Tax Increases Appear To Have A Very Large Sustained And Highly Significant Negative Impact On Output. Since Most Of Our Exogenous Tax Changes Are In Fact Reductions, The More Intuitive Way To Express This Result Is That Tax Cuts Have Very Large And Persistent Positive Output Effects