The Other Cliff — Regulations

To summarize, there is more to fiscal policy than G, TA, and TR (government spending, taxes, and transfer payments for those a little rusty on their macroeconomics). Government regulations also have a significant impact on the economy. Continue Reading →

The Obama Administration’s Changes in Welfare Work Requirements

Going to school is not the meaning of “work” in the original Clinton program. Some aspects of the Obama rules seem to say that the government will be the employer of last resort (perhaps first resort). Going to various rehabilitation programs is a good idea, but again does not fall under the usual definition of work. Continue Reading →