Large primary deficits make for a concerning fiscal outlook| Oxford Economics
The Republican Party once preached a creed of limited government and balanced budgets. With state control, tariffs, and deficits all rising, that ethical restraint appears to be long gone.| The Daily Economy
Understanding the dollars behind education Ask just about anyone who funds public schools, and you’re likely to hear the same answer: “Taxpayers.” That’s true—but not the whole story. Which taxpayers? … The post Who Pays for Public Schools? appeared first on EdChoice.| EdChoice
Spending on imports is not included in GDP. But the impact of tariffs, which reduce imports, can be seen clearly in new GDP data.| The Daily Economy
Could Idaho’s government run out of money? That might be a reasonable worry based on your first reading of a recent article highlighting how Idaho’s General Fund revenue was $141 million behind legislative projections for Fiscal Year 2025 (FY25, ending June 30, 2025). We are told to be concerned because Idaho taxes won’t catch up. […]| Idaho Freedom
This is the second installment in the Notes on the Crises series on the IRS. While the first essay traced how the agency has become a political target and potential tool of authoritarianism, this piece investigates how DOGE’s so-called tech modernization efforts may further entrench those risks.| Notes on the Crises
How Trump, DOGE, and Project 2025 Are Turning the IRS Into a Tool of Authoritarian Rule Editor’s Introduction: Hello readers, it's Nathan Tankus and I am very happy to bring to you the first in a long multi-part series on the IRS spearheaded by Anisha Steephen.| Notes on the Crises
A black swan is a crisis that comes out of nowhere. A gray rhino, by contrast, is a problem we have known about for a long time, but can’t or won’t stop, that will at some point crash i…| Economist Writing Every Day
No, Sir Winston will not interrupt his first million years to comment on the national debt. And I’m not going to suggest what he would think about it. Heaven forbid. I just sifted through Churchill by Himself for applicable quotations to answer your question. Chronological order. Draw your own conclusions. The post Squandermania: Churchill on Debt Limits appeared first on The Churchill Project - Hillsdale College.| The Churchill Project – Hillsdale College
Monetary policy is a primary lever for stimulating consumption and economic growth. However, when central banks hit their limits—whether it’s the lower bound on interest rates, political constraints, or other barriers—fiscal policy must often assume a greater role. But how much fiscal stimulus is needed to offset reduced monetary accommodation? In new research (link), co-authors […]| Rangvid’s Blog
Given recent events, I felt it was finally time to come back and publish this piece. Most of my writing was going to be devoted to piercing the ideology of central bank independence so that the Federal Reserve would be treated like an independent administrative agency like any other.| Notes on the Crises
A look at shifts in households’ public policy expectations following the 2024 presidential election.| Liberty Street Economics
Abstract An early analysis of the imperialist implications of the surge of global commodity prices was conducted in 2014 by Jonathan Nitzan and Shimshon Bichler. However, their analysis did not consider how the US monetary and fiscal expansionist policies have contributed to the rise of global commodity prices. This article fills this gap. Arguably, under […] The post Kim, ‘Monetary Expansionism, Global Commodity Prices, and Global Inequality’ appeared first on Capital As Power.| Capital As Power
I have a confession to make. Two months ago I tried to crash the stock market. Let me explain.| Notes on the Crises
It has been a little more than three weeks since my last piece, simultaneously published by Notes On The Crises and Rolling Stone, assessing the extremely alarming implications of the Federal Government taking 80.5 million dollars right out of New York City’s bank account.| Notes on the Crises
My new book is out! In the book, How Low Interest Rates Change the World, I argue that forty years of declining interest rates from 1980 to 2020 fundamentally reshaped the world, and I speculate on what may lie ahead.| Rangvid’s Blog
Each spring, China releases a government budget report that provides valuable insights into the country’s spending priorities and overall fiscal health. Yet these budgets can be difficult to parse, and the topline figures only tell part of the story. This ChinaPower feature untangles the details behind China’s government budget. The post Making Sense of China’s Government Budget appeared first on ChinaPower Project.| ChinaPower Project
Among the leading fantasies of the moment are that federal employment and spending are “out of control,” so drastic action is needed to put things back in order. These are lies. Some people who utt…| LBO News from Doug Henwood
Notes on the Crises pivoted on February 1st into around the clock coverage of the Trump-Musk Treasury Payments Crisis of 2025 Read Part 0, Part 1, Part 2, Part 3, Part 4, Part 5 & Part 6 If you are a current or former career Bureau of the Fiscal Service Employee,| Notes on the Crises
UPDATE 4:21 PM: MARKO ELEZ HAS RESIGNED. WALL STREET JOURNAL CLAIMS IT WAS OVER "RACIST POSTS". OBVIOUSLY NOT TRUE- WIRED, TALKING POINTS MEMO AND I GOT HIM. NEED TO REST, MORE TOMORROW Notes on the Crises pivoted over the weekend into around the clock coverage of the Trump-Musk Treasury| Notes on the Crises
Notes on the Crises pivoted over the weekend into around the clock coverage of the Trump-Musk Treasury Payments Crisis of 2025 Read Part 0, Part 1, Part 2, Part 3 & Part 4 If you are a current or former career Bureau of the Fiscal Service Employee, especially if you’re| Notes on the Crises
If you are a current or former career Bureau of the Fiscal Service Employee, especially if you’re a legacy IT programmer with years of experience and especially if you are a COBOL programmer currently working on the PAM, SPS or any other adjacent team, contact me over email or| Notes on the Crises
If you are a current or former career Bureau of the Fiscal Service Employee, especially if you’re a legacy IT programmer with years of experience and especially if you are a COBOL programmer currently working on the PAM, SPS or any other adjacent team, contact me over email or| Notes on the Crises
This is a free piece of Notes on the Crises. Reader support which makes my Freedom of Information Act project, archival research and general writing possible (including my #MonetaryPolicy201 series). Monday is the last day paid subscriptions are 50% off so take advantage while you still can Please recommend an| Notes on the Crises
2024 witnessed soaring stock markets, falling but persistent inflation, easing of monetary policy, and large fiscal deficits and an awakening of bond vigilantes in some countries. In this review of the past year, I reflect on five key lessons we learned in 2024 about economic and financial trends in the US and Europe.| Rangvid’s Blog
Since the 2007 financial crisis, the US has borrowed significantly more than Europe to fund higher public spending, which has contributed to faster economic growth in the US. But what about the future? Will the US continue to outpace Europe in borrowing?| Rangvid’s Blog
Energy security has taken on new importance in wake of Russia’s invasion of Ukraine. We can use existing tools to confront these challenges without sacrificing our climate goals.| Employ America
INTERVIEW ON THE PRICE OF BUSINESS SHOW, MEDIA PARTNER OF THIS SITE. Recently Kevin Price, Host of the nationally syndicated Price of Business Show, interviewed Honorable David M. Walker. https://soundcloud.com/user-759550640/david-walker-former-comptroller-general-of-us-on-harriss-fiscal-policy Price and the Hon. David Walker, discuss Kamala Harris's Fiscal Views Sadly, the former Comptroller General of the United States says he doesn't expect much difference between Harris and Biden. Furthe...| USA Business Radio
It is the stated goal of the Canadian federal government to foster “a strong and inclusive labour market that provides every Canadian with opportunities for a good quality of life.” The legacy of COVID has, however, led to policy incoherence, with some significant reforms directly putting this goal into question. The federal government has repeatedly … Continue reading What will COVID Mean for the Future of Fiscal and Social Policy?| Economics for public policy
Local governments in the United States spend trillions of dollars each year delivering essential services and infrastructure, with enormous implications for our economy and quality of life. Chris Berry and Justin Marlowe examine the links between municipal governance structures and fiscal outcomes, revealing the state of municipal finances today.| ProMarket
Explore recent Fiscal Monitor data to better understand recent developments in public finances and see where we may be headed.| Finances of the Nation -
Why are Democrats throwing away a shot at writing their own budget bill in January?| The Baseline Scenario
Rob Calvert Jump and Jo Michell Just over a year ago, ahead of Jeremy Hunt’s first Autumn Statement, we published a report on how UK public finances are managed and discussed. At the time, th…| Critical Macro Finance
Nathan Tankus covers his latest FOIA finding from the Federal Reserve regarding its response to Treasury debt ceiling struggles in 1968| Notes on the Crises
This post summarizes the latest Fiscal Monitor data to help Canadians better understand recent developments in public finances. In addition, we use the monthly data to construct projections for total federal revenue, expenses and the budget balance by the end of the fiscal year.| Finances of the Nation -
This post summarizes recent developments in the Fiscal Monitor data to help Canadians better understand recent developments in public finances. In addition, we use the monthly data to construct projections for total federal revenue, expenses and the budget balance by the end of the fiscal year.| Finances of the Nation -
The US economy has proved remarkably resilient during this period of monetary tightening. One important reason is that households had large savings left over from the pandemic when the tightening began. I analyse why household savings accumulated during the pandemic and when they will be depleted. When this happens, households will be less resilient, which may have a negative impact on consumption and economic activity. I also analyse how excess savings are related to the flare-up and subsequ...| Rangvid’s Blog
