Over at Economix, Casey Mulligan has a nice illustration of Austan Goolsbee’s approach to economic planning. In essence, targeted means of stimulating investment (say, with New Homebuyer tax credits) don’t work to increase investment, and thereby employment, in the short-run. Rather these types of subsidies have drive up prices for current asset owners�constituting windfall…
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In a great post over at Economix, Ed Glaeser makes the point that the absence of disastrous housing regulation explains why states like Arizona and Texas have the highest growth rates in population. “The future shape of America is being driven not by quality of life or economic success but by the obscure rules…
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Not everyone has the stomach for perusing the national income and product accounts, but one who does can learn a great deal about what ails the present economy and about its prospects for returning to a healthier condition. (I draw the data I discuss here from Table B-2, Real Gross Domestic Product, 1960-2009, in…
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