Tag Archives: Ford House
Why The CBO’s ‘Mr. Smith’ Has More Work To Do
From budget projections released by the Congressional Budget Office (CBO) last week: CBO now expects that output will fall slightly short of its potential, on average, even after the economy has largely recovered from the recent economic downturn. Translation: We’ve … Continue reading
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Tagged automatic stabilizers, budget projections, business cycle, CBO, CBO baseline scenario, Congressional Budget Office, Ford House, Great Moderation, Jefferson Smith, potential growth, potential output
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An Audacious Plan to Fix the QE Non-Taper and Fiscal Non-Action in One Swift Move
If you’re anything like us, you may have reached the conclusions that: Our elected officials are charting a course to a fiscal disaster. The Fed is repeating past mistakes by setting us up for another bust. After the drama of … Continue reading
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Tagged Austrian business cycle theory, CBO projections, debt ceiling debate, Eccles Building, Fed outlook, Ford House, non-tapering surprise, QE, tapering plan, ZIRP
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