The Fed Should Say No to Forward Guidance
At his June 10 press conference, Federal Reserve Chairman Jerome Powell said, “We’re not thinking about raising rates. We’re not even...
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Forget Fiscal Stimulus: Evaluating Infrastructure Spending on its Own Merits
I have never been a big advocate of using fiscal policy to stimulate the economy in the short run. It doesn't work quickly enough when...
Forced Early Retirement in a World with Longer Life Expectancies
For years, I've argued that the biggest single cause of fiscal problems in the world is the failure to adjust retirement ages for changes...