Fiscal Cliff – Fiscal Slope – Fiscal Escalator – Fiscal (Insert here) – Does it Matter? 2

By Daniel McKay
Fiscal Cliff - Fiscal Slope - Fiscal Escalator - Fiscal (Insert here) - Does it Matter?
If you have been following the blogs of Paul Krugman, Simon Johnson, or the aggregator Economistsview like me, you’ve probably seen multiple posts about the fiscal cliff, fiscal bomb, fiscal slope etc. The general consensus is that our budget adjustment scheduled to be taken at the beginning of January will be more gradual and hurt less ...

Political Posturing in the Fiscal Cliff Deal – Another Look 1

By Daniel McKay
Political Posturing in the Fiscal Cliff Deal - Another Look
Both the Democrats and Republicans drew lines in the sand in recent days about what their side is willing to give in the debt deal. With these lines drawn, we are beginning to see what the battle will look like, and our predictions are being recognized. Obama and Democrats came out early and said that ...

Water In The Ears? Austerity With Slow Growth Is LUDICROUS 8

By Daniel McKay
Water In The Ears? Austerity With Slow Growth Is LUDICROUS
People and Politicians really don’t get it, austerity is something you should do when the economy is booming – not when it is weak. Despite overwhelming economic evidence that austerity slows down economies – you hear people, and even more scary, politicians, preach we take a dose of Hoover’s medicine. It’s important to understand that what we’re ...