One of the unpleasant things I do as a consultant is recommend that pharmaceutical firms halt the production of uneconomical new medicines. I'm a drug killer.
If American voters hand Barack Obama the presidency and a filibuster-proof Democratic Congress, I'll be doing a lot more of this unhappy work.
Say a biotech company is developing a new drug for breast cancer. My consulting firm, Objective Insights, looks at... More
Flat Tax, Free Tax Proponents Praise Bulgaria, Blast America »More updates
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By M. JAY WELLS | Posted Wednesday, October 29, 2008
On the eve of what may be the most important election of our time, the financial catastrophe that many believe will most... More
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Miami Ice: Broker Zalewski says it will be years before the market thaws Jeffery Salter/Redux
On the 79th Street Causeway that connects inner Miami to the city's beaches, a colony of giant turkey vultures sits ominously on a radio tower, staring at the downtown skyline. Migratory... More
Where Has All the Income Gone? Middle American incomes rise substantially even while inequality increases Terry J. Fitzgerald - Senior Economist September 2008
Almost all the benefits of economic growth since [the 1970s] have gone to a small number of people at the very top. —Robert Reich, Financial Times, Jan. 29, 2008
Since the mid-1970s, however, income... More
THE CHOICE you'll have," said Barack Obama during last week's debate, as he told voters what to expect if John McCain's health-insurance proposal becomes law, "is having your employer no longer provide you healthcare.
"Don't take my word for it," he added. "The US Chamber of Commerce, which generally doesn't support a lot of Democrats, said that this plan could lead to the unraveling of the employer-based healthcare... More
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"SPECIAL PREVIEW:Speculators, Politicians, and Financial Disasters"
Fueled by easy credit, the real-estate market had been rising swiftly for some years. Members of Congress were determined to assure the continuation... More
Random Observations for Students of Economics
I am a professor of economics at Harvard University, where I teach introductory economics (ec 10) among other... More
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There used to be a reliable pecking order of professions that were held in public disregard. Bankers attracted little sympathy but retained a certain mystique. Politicians and journalists were still less respected. Estate agents came beneath the lot. The past few weeks have overturned the... More
In Honor of Paul Krugman:
Winner of the 1991 John Bates Clark Medal*
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Paul Krugman is the winner of the 1991 John Bates Clark Medal, given every two years to "that American economist under forty who is adjudged to have made a significant contribution to economic thought and knowledge." He obtained his B.A. from Yale in 19 74, and his doctorate in 1977 from M. I. T. He returned to... More
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We have heard much in the press lately about the American taxpayer being forced to rescue the sharpies on Wall Street from their own greed and irresponsibility. Anti-bailout sentiment cuts "across class lines"� on Main Street because "the taxpayers are on the hook for the bad judgment of others,"� as the Washington Post put it.
Now for a reality check. Many Americans probably won't pay a cent of the... More
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The Federal Reserve... More
The immense rescue legislation Congress just passed marks a historic watershed--not just for America, but also for the world. I have traveled extensively in East Asia this past month and watched the reaction of executives, government officials, journalists and academics to the unraveling of financial markets in the U.S. and the responses by governments.
Critics from both ends of the political spectrum proclaimed the... More
(Fortune Magazine) -- The heads-down, can-do entrepreneurs, and libertarian-minded financiers who populate the tech industry aren't typically the sorts to long for a government handout. But in the wake of the Treasury Department's $700-billion-plus rescue plan, Peter Thiel speaks for many when he asks a simple question: "What happened to the dot-com bailout?"
Thiel's not serious - at least not entirely. As founder... More
Flat Tax, Free Tax Proponents Praise Bulgaria, Blast America »More updates
Hear exclusive interview with SEC Chairman Chris Cox
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By INVESTOR'S BUSINESS DAILY | Posted Monday, October 06, 2008 4:20 PM PT
Financial Rescue: Democrats created the mortgage crisis by forcing banks to give loans to... More
Home About Us Manhattan Institute for Policy Research Empire Center for New York State Policy Fiscal Watch Memos Articles Categories Budgets Governor Paterson Infrastructure Mayor Bloomberg New York City New York State ... More
In the early 1990s I attended a conference designed to teach journalists the tools of an emerging field known as computer-assisted investigative reporting. One of the hottest sessions of the conference explained how journalists could replicate stories that other papers had done locally using computer tools, including one especially popular project to determine if banks in your community were discriminating against minority borrowers... More
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Jon is the elected Vice Chairman, South of the California Republican Party.
What is the latest on CA's political blog sites?
The California Voter Foundation�s new California Online Voter Guide is Our Site of the Day (Source: CA Progress Report)
OC Pulse poll: Palin debated better than voters expected (Source: OC Register... More
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A running cliché of the... More