Making Labor Less Expensive Helps Firms Hire

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.

A Successful Argument For A Government Manufacturing Policy Has To Go Beyond The Feeling That It's Better To Produce 'real Things' Than Services. American Consumers Value Health Care And Haircuts As Much As Washing Machines And Hair Dryers.

Tax Increases Appear To Have A Very Large Sustained And Highly Significant Negative Impact On Output.

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

What I Desire To Point Out Is That I Wish The Law Was Not So, But That Being The Law, I Must Follow It.