In a July 7 commentary, Stanford economist John Taylor discussed the failure of George W. Bush’s Keynesian economic policies.
In a July 6 commentary, Harvard economist Ken Rogoff suggested that the current level of high income inequality is likely to return to a more moderate trend in coming years.
A July 6 Gallup poll found that consumers continue to be very careful about their spending on incidentals.
A July 6 report from Macroeconomic Advisers forecasts a sharp rise in interest rates over the next decade as federal deficits begin to severely impact the economy. It puts the rate on the Treasury’s 10-year bond at 9 percent in 2021 versus 3 percent today.
A July 5 McClatchy-Marist poll found that 75 percent of people believe the economy is still in recession versus 20 percent who don’t.
In a July 3 commentary, Stanford economist John Taylor argues that a larger stimulus package would not have worked better.
On July 1, the Council of Economic Advisers issued its quarterly report on the economic impact of the Recovery Act.
On July 1, the Congressional Research Service published a report on job creation in the manufacturing sector. It notes that the number of jobs in manufacturing has fallen 31 percent over the last decade.
On June 30, the Census Bureau reported that the number of businesses in the U.S. with paid employees has fallen two years in a row.
A June 30 paper from the Institute for the Study of Labor examined Germany’s short-time work program. It found that while it reduced unemployment, it may have been for reasons specific to Germany.
In a June 29 commentary, Princeton economist Alan Blinder expressed concern that fiscal contraction could weaken the economy.
Bruce Bartlett is an American historian and columnist who focuses on the intersection between politics and economics. He blogs daily and writes a weekly column at The Fiscal Times. Bartlett has written for Forbes Magazine and Creators Syndicate, and his work is informed by many years in government, including as a senior policy analyst in the Reagan White House. He is the author of seven books including the New York Times best-seller, Imposter: How George W. Bush Bankrupted America and Betrayed the Reagan Legacy (Doubleday, 2006).
