Let’s all hope this, at least, does not repeat. It’s a miracle the American Dream has survived this long.

I’ve been doing a lot of thinking – far too much, actually – about this election. I am not going to blog here about the relative merits of each candidate – anyone undecided between these two extremely different candidates at this point hasn’t been paying attention. In fact, this will probably be my last election-related [...]

Greg Mankiw’s new post on his personal work incentives is required reading for anyone who wants to discuss taxes in this election cycle. The idea is simple: our tax system uses marginal rates, meaning one rate applies to the first dollar earned and different rates kick in at different thresholds. (That is, unless you’re so [...]

Not Everyone Should Own a Home. Amen. What the Australians, the Europeans, and those who actually have to make their living in banking all get is that many, many people lack the means and others the responsibility to own their own homes. What was lacking in the run-up to the current bubble was not regulation. [...]

From the New York Times: Dr. Doom – Profile – Nouriel Roubini – Predicting Crisis in the United States Economy. Hat tip: Greg Mankiw.

Ouch. Harvard economics professor Greg Mankiw has the bad news, thanks to Bob Carroll