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Ezra Klein: October 17, 2010 - October 23, 2010

Reconciliation

Recap: What Ben Bernanke needs to tell Congress; some thoughts on Juan Williams; and a new idea on medical-malpractice reform. Elsewhere: 1) A good Brookings panel on accelerating health innovation. 2) This is where inventions come from. 3) Mad Men...

By Ezra Klein  | October 22, 2010; 5:57 PM ET  |  Permalink  |  Comments
 
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The growth solution

I think Ross Douthat gets me slightly wrong here: The point of focusing on growth -- both growth of the economy and growth of the debt -- is that it gets you focusing on the right solutions. We don't have...

By Ezra Klein  | October 22, 2010; 5:06 PM ET  |  Permalink  |  Comments
Categories:  Health Reform  
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A new idea on medical malpractice reform

I meant to write about this the other day, but Peter Orszag's proposal for medical-malpractice reform is pretty clever. As I read it, in fact, it's not primarily a malpractice-reform proposal at all. It's a proposal for spreading evidence-based medicine...

By Ezra Klein  | October 22, 2010; 4:43 PM ET  |  Permalink  |  Comments
Categories:  Health Reform  
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How to make a penny

All this, incidentally, costs two cents per penny. (Picture from Encyclopedia Britannica, and via Austin Frakt.)...

By Ezra Klein  | October 22, 2010; 3:36 PM ET  |  Permalink  |  Comments
 
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What life will look like if Republicans win the House, Part II

Despite 10 percent unemployment, continued job losses and a sharp rise on long-term joblessness, Republicans have, in recent months, begun opposing the periodic extensions in unemployment benefits that Congress needs to pass to keep the program running. The most recent...

By Ezra Klein  | October 22, 2010; 3:36 PM ET  |  Permalink  |  Comments
Categories:  2010 Midterms  
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What life will look like if Republicans win the House

Just received this statement from Rep. Darrell Issa's office: With NPR benefitting from the generosity of people like MoveOn.org financier George Soros, it’s obvious that NPR is now a self-sustaining entity that no longer needs to rely on federal funds....

By Ezra Klein  | October 22, 2010; 3:00 PM ET  |  Permalink  |  Comments
 
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Column: What Ben Bernanke needs to tell Congress

The worst word in Washington is "message." Whenever anything goes wrong, politicians begin blaming their messaging operations, as if a better-chosen sound bite by a more silver-tongued aide would have spared them the consequences of their actions. It's almost...

By Ezra Klein  | October 22, 2010; 2:33 PM ET  |  Permalink  |  Comments
Categories:  Federal Reserve  
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Bill Clinton can't save you

People remember that Bill Clinton, for all his political talent, lost 54 seats in his first midterm election, at a time when unemployment was three percentage points lower than it is right now, right? That isn't to dispute his popularity...

By Ezra Klein  | October 22, 2010; 2:21 PM ET  |  Permalink  |  Comments
 
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Guilt by corporate association, cont'd

Tim Carney responds to my critique of his guilt-by-corporate-association arguments. And it's a response worth reading. "I do this for a few reasons," he says. First, "combating false conventional wisdom and Democratic dishonesty," by which he means showing that corporations...

By Ezra Klein  | October 22, 2010; 2:02 PM ET  |  Permalink  |  Comments
 
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Lunch break

The president of the United States contributes to Dan Savage's "It Gets Better" project:...

By Ezra Klein  | October 22, 2010; 1:05 PM ET  |  Permalink  |  Comments
 
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Does confidence matter?

Like Paul Krugman, I think Britain's decision to pair a sharp economic contraction that's outside its control with a sharp contraction in the part of the economy that's in its control (the public sector) will be a disaster. But it'll...

By Ezra Klein  | October 22, 2010; 1:02 PM ET  |  Permalink  |  Comments
 
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The conehead economy in one graph

You occasionally hear people say that the average American's consumption has continued growing over this period (though a lot of that was due to an unsustainable, and ultimately catastrophic, credit bubble), or that the way we measure inflation understates...

By Ezra Klein  | October 22, 2010; 11:09 AM ET  |  Permalink  |  Comments
Categories:  Charts and Graphs, Inequality  
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China's Ben Bernanke

The next round of quantitative easing will probably see an arm of the American government purchasing Treasury bonds in order to lower interest rates. In recent years, the main mechanism China has used to hold its currency down has been...

By Ezra Klein  | October 22, 2010; 10:28 AM ET  |  Permalink  |  Comments
Categories:  Federal Reserve  
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Picture of the day

Photo credit: Sylvester Cann....

By Ezra Klein  | October 22, 2010; 10:23 AM ET  |  Permalink  |  Comments
 
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The management of Juan Williams

Whether NPR should or should not have fired Juan Williams, they shouldn't have done it so quickly. Media organizations -- in fact, all organizations -- need to wait out these firestorms before they make these decisions. This was true for...

By Ezra Klein  | October 22, 2010; 9:56 AM ET  |  Permalink  |  Comments
 
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Wonkbook: Foreclosure mess tests Dodd-Frank; WH wants global currency accord; Fannie and Freddie to require hundreds of billions more

No one thought the Dodd-Frank financial-regulation bill would get a test run so quickly. But as the potential problems in the foreclosure market grow, they're intersecting with the few portions of the bill that are already up-and-running -- and...

By Ezra Klein  | October 22, 2010; 6:38 AM ET  |  Permalink  |  Comments
Categories:  Wonkbook  
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Reconciliation

Recap: The tax cut that failed (and the White House's response); Joe Stiglitz doubts Fed action; and the problem with guilt by corporate association. 1) I like this Turbovote idea ("make voting as easy as Netflix!"), though I got a...

By Ezra Klein  | October 21, 2010; 6:32 PM ET  |  Permalink  |  Comments
 
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What Massachusetts tells us about employers and health-care reform

Tennessee Gov. Phil Bredesen has long been a controversial figure in health-policy circles, and today he took to the Wall Street Journal to argue that the new health-reform law will, contrary to the Congressional Budget Office's expectations, unravel the employer-based...

By Ezra Klein  | October 21, 2010; 5:30 PM ET  |  Permalink  |  Comments
 
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Guilt by corporate association

"By every measure, we are now primarily a streaming company that also offers DVD-by-mail,” said Netflix co-founder Reed Hastings. That's left the company with some new concerns. A DVD-by-mail business needs to worry about postage rates. An online-streaming business needs...

By Ezra Klein  | October 21, 2010; 4:50 PM ET  |  Permalink  |  Comments
 
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'This is what makes writing about policy so frustrating'

Jon Cohn doesn't understand why the individual mandate has become so controversial. After all, in June of 2008, Sen. Chuck Grassley said, "I believe that there is a bipartisan consensus to have individual mandate." And Grassley wasn't alone. Now it's...

By Ezra Klein  | October 21, 2010; 3:18 PM ET  |  Permalink  |  Comments
Categories:  Health Reform  
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Stiglitz: We need more stimulus, not quantitative easing

I'll have a column this weekend on what Fed Chairman Ben Bernanke needs to do to make a second round of quantitative easing work. As part of my reporting for the column, I called Nobel Prize-winning economist Joseph Stiglitz,...

By Ezra Klein  | October 21, 2010; 3:05 PM ET  |  Permalink  |  Comments
Categories:  Economic Policy, Interviews  
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The tax cut that failed, cont'd

Earlier today, I called the Making Work Pay tax cut "the tax cut that failed." The White House, you'll be surprised to learn, doesn't agree, and they make their case here. Economic adviser Jared Bernstein also points out that the...

By Ezra Klein  | October 21, 2010; 2:21 PM ET  |  Permalink  |  Comments
 
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Lunch break

The power of cartoons:...

By Ezra Klein  | October 21, 2010; 12:27 PM ET  |  Permalink  |  Comments
 
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Blogs vs. articles

Farhad Manjoo's piece on the collapsing distinction between blog posts and Web articles (or even normal articles) hasn't attracted as much bloggy navel-gazing as it deserves, so let me try to add some. I write both blog posts and articles....

By Ezra Klein  | October 21, 2010; 12:01 PM ET  |  Permalink  |  Comments
Categories:  Journalism  
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Why we should stop talking about the minimum wage -- or maybe why we shouldn't

Barbara Kiviat notes that the minimum wage doesn't help that many workers or affect that many employers. So why is it so central to our economic thinking? Talking about the minimum wage — whether you want to increase it or...

By Ezra Klein  | October 21, 2010; 11:16 AM ET  |  Permalink  |  Comments
 
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Tom Toles is worth a thousand words

By Ezra Klein  | October 21, 2010; 10:19 AM ET  |  Permalink  |  Comments
 
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Can we cut our way to growth?

Dean Baker has a new paper examining "The Myth of Expansionary Fiscal Authority" -- the idea that you can cut your way to growth. The problem, he says, isn't that it's completely impossible, but that the factors that have made...

By Ezra Klein  | October 21, 2010; 10:00 AM ET  |  Permalink  |  Comments
Categories:  Economics  
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The tax cut that failed

This is a great opening line by Michael Cooper: "What if a president cut Americans’ income taxes by $116 billion and nobody noticed?" It happened, of course. But the nobody noticing was by design. The Making Work Pay tax credit...

By Ezra Klein  | October 21, 2010; 9:35 AM ET  |  Permalink  |  Comments
Categories:  Stimulus, Taxes  
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Start your morning with some amazing

Ninja biker gets hit by truck, gracefully flips to his feet and literally brushes his shoulder off: (Via Gizmodo.)...

By Ezra Klein  | October 21, 2010; 9:15 AM ET  |  Permalink  |  Comments
 
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The government's pretty-good investment, cont'd

One of the working theories in Washington is that if voters knew that the government -- and thus the taxpayers -- were likely to make a profit on TARP, they'd like it better. Not so, says Stan Collender: Voters think...

By Ezra Klein  | October 21, 2010; 9:00 AM ET  |  Permalink  |  Comments
Categories:  Budget  
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Wonkbook: Financial portion of TARP makes $25 billion; Fidelity abandoning shoddy mortgages; Case for QE2 gets stronger, weaker; Orszag on malpractice

The $309 billion the government pumped into the banks and AIG has, so far, earned the government -- and taxpayers -- $25.2 billion. That's an 8.2 percent return over two years -- better than you would've gotten by investing...

By Ezra Klein  | October 21, 2010; 6:46 AM ET  |  Permalink  |  Comments
Categories:  Wonkbook  
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Reconciliation

Recap: The individual mandate's problem is not the Constitution; the case for and against a foreclosure moratorium; and three ways the foreclosure mess could play out. Elsewhere: 1) Did "Mad men" jump the shark? 2) Remind me to respond to...

By Ezra Klein  | October 20, 2010; 6:24 PM ET  |  Permalink  |  Comments
 
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The administration's foreclosure policy -- for now

Earlier today, HUD Secretary Shaun Donovan joined Treasury's Michael Barr to brief reporters on the administration's response to the foreclosure mess. And the answer, basically, was that "it's under review." A variety of agencies overseeing a variety of sectors...

By Ezra Klein  | October 20, 2010; 5:38 PM ET  |  Permalink  |  Comments
Categories:  Housing Crisis  
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The case for a foreclosure moratorium

John Taylor is president and chief executive of the National Community Reinvestment Coalition, and he's among those calling for a foreclosure moratorium -- and not just because the paperwork was awry. We spoke this afternoon. Ezra Klein: Why do...

By Ezra Klein  | October 20, 2010; 5:22 PM ET  |  Permalink  |  Comments
Categories:  Housing Crisis, Interviews  
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The case against a foreclosure moratorium

Anne Kim is director of Third Way’s domestic-policy program, and Jason Gold is a senior fellow for housing and finance at the think tank. They’ve co-written a paper on why a foreclosure moratorium would be a bad idea. We spoke...

By Ezra Klein  | October 20, 2010; 5:10 PM ET  |  Permalink  |  Comments
Categories:  Housing Crisis, Interviews  
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The culture of Coates

Ta-Nehisi Coates responds to talk about the "culture of poverty": If you are a young person living in an environment where violence is frequent and random, the willingness to meet any hint of violence with yet more violence is a...

By Ezra Klein  | October 20, 2010; 3:36 PM ET  |  Permalink  |  Comments
 
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Three options for the mortgage mess

The news that the largest bond fund in the world, the largest money manager in the world and the New York Federal Reserve are demanding that Bank of America repurchase $47 billion in mortgage bonds is scary stuff. As Daniel...

By Ezra Klein  | October 20, 2010; 2:43 PM ET  |  Permalink  |  Comments
Categories:  Housing Crisis  
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Lunch Break

Ferran Adria, Jose Andres and Harold McGhee lecture Harvard students on the science of cooking. Skip the first 30 minutes, which are about class logistics....

By Ezra Klein  | October 20, 2010; 12:34 PM ET  |  Permalink  |  Comments
 
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The individual mandate's problem is not the Constitution

Here are some of the Republican senators who co-sponsored an individual mandate for health care when it was included in John Chafee's 1993 bill and are still serving in the upper chamber: Bob Bennett, Kit Bond, Chuck Grassley, Orrin...

By Ezra Klein  | October 20, 2010; 11:42 AM ET  |  Permalink  |  Comments
Categories:  Health Reform  
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The scariest thing I've read today

Are you seriously trying to tell me that the Koch brothers think the way to radicalize "private equity and hedge fund executives like John Childs, Cliff Asness, Steve Schwarzman and Ken Griffin; Phil Anschutz, the entertainment and media mogul...

By Ezra Klein  | October 20, 2010; 11:01 AM ET  |  Permalink  |  Comments
 
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Markets in things that don't sound true

From XKCD:...

By Ezra Klein  | October 20, 2010; 10:40 AM ET  |  Permalink  |  Comments
 
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The government's pretty-good investment

Bloomberg reports that taxpayers have made $25 billion off the $309 billion they loaned the banks and AIG to keep them afloat: The U.S. government’s bailout of financial firms through the Troubled Asset Relief Program provided taxpayers with higher returns...

By Ezra Klein  | October 20, 2010; 10:31 AM ET  |  Permalink  |  Comments
Categories:  Financial Regulation  
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A world without suckers

Michael Lewis notes that after fighting hard to make sure their proprietary-trading desks survived FinReg, the big banks are closing those desks down. That seems a bit odd, no? But fear not. "There are any number of explanations why Wall...

By Ezra Klein  | October 20, 2010; 10:00 AM ET  |  Permalink  |  Comments
Categories:  Financial Regulation  
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Zuckerberg on 'The Social Network'

Mark Zuckerberg's response to "The Social Network" is quite perfect, and gets at some broader problems in both the fictional and the factual media: As he says, it's really peculiar that the movie was obsessive about accurately portraying his T-shirts...

By Ezra Klein  | October 20, 2010; 9:33 AM ET  |  Permalink  |  Comments
Categories:  Journalism, Tech  
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Americans less satisfied than in any other Gallup midterm poll, ever

"Gallup finds 21% of Americans satisfied with the way things are going in the United States at this time. If that figure does not improve considerably in the next two weeks, it would be the lowest level of U.S. satisfaction...

By Ezra Klein  | October 20, 2010; 9:00 AM ET  |  Permalink  |  Comments
Categories:  2010 Midterms, Polls  
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Wonkbook: Foreclosure mess gets criminal; liberal Dems rally behind Social Security; Arne Duncan's international school reform

The foreclosure mess just stopped being polite and started getting real. First, the Financial Fraud Enforcement Task Force is launching a criminal probe into whether banks and other companies misled federal authorities and violated mail or wire fraud statutes....

By Ezra Klein  | October 20, 2010; 6:45 AM ET  |  Permalink  |  Comments
Categories:  Wonkbook  
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Reconciliation

Recap: Jared Bernstein on "shovel-ready programs"; the curious resilience of monetary policy; and I became an attack ad. Elsewhere: 1) The Marty Peretz theory of organizations. 2) Jack Conway ahead in Kentucky poll, may be benefiting from 'Aqua Buddha' ad....

By Ezra Klein  | October 19, 2010; 7:06 PM ET  |  Permalink  |  Comments
 
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I, attack ad

It was pretty early in the morning, but as soon as I told Joe Scarborough that Sen. Michael Bennet was one of the senators the White House seemed to regard most warmly, I had a feeling I'd end up...

By Ezra Klein  | October 19, 2010; 5:20 PM ET  |  Permalink  |  Comments
Categories:  2010 Midterms  
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Why isn't monetary policy discredited?

In February 2009, President Obama signed a $787 billion stimulus bill into law. In March 2009, Federal Reserve Chairman Ben Bernanke announced a $1.2 trillion quantitative easing plan. Together, the two policies probably arrested the economy's slide and helped...

By Ezra Klein  | October 19, 2010; 4:20 PM ET  |  Permalink  |  Comments
Categories:  Federal Reserve  
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Yet more on 'hardball'

This didn't really fit in the previous post, but one more point on "hardball," particularly as it relates to the Jack Conway ad that got this argument started. There's a question as to whether politicians should play hardball and...

By Ezra Klein  | October 19, 2010; 3:18 PM ET  |  Permalink  |  Comments
Categories:  2010 Midterms  
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More on 'hardball'

Jonathan Bernstein thinks that the Democratic tendency to believe Republicans are far more ruthless and organized than they are is mirrored among Republicans: Conservative activists believe the exact opposite -- they believe that Republican pols are a bunch of wimpy,...

By Ezra Klein  | October 19, 2010; 3:03 PM ET  |  Permalink  |  Comments
 
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Shovel-ready programs, cont'd

Bruce Bartlett lists five reasons public-works programs aren't effective for stimulus, and notes that we've known this since 1980. Here's the list: ● Public works programs cannot be triggered and targeted in a sufficiently timely manner to compensate for cyclical...

By Ezra Klein  | October 19, 2010; 2:00 PM ET  |  Permalink  |  Comments
Categories:  Stimulus  
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Lunch Break

The brain in your gut:...

By Ezra Klein  | October 19, 2010; 1:37 PM ET  |  Permalink  |  Comments
 
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10 things we think we know, but really don't

Towards the end of Hans Noel's paper on “Ten Things Political Scientists Know That You Don't,” he offers a list of 10 things that the public thinks it knows but political scientists haven't been able to prove. They are: 1....

By Ezra Klein  | October 19, 2010; 12:49 PM ET  |  Permalink  |  Comments
Categories:  Political Science  
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Headline hyperbole

"Kinsley curb-stomps Mankiw," reads the headline on Jon Chait's latest post. Just for the record, this is a curb stomp. I think I saw that movie 10 years ago, and I've never gotten the image out of my head. Kinsley,...

By Ezra Klein  | October 19, 2010; 12:34 PM ET  |  Permalink  |  Comments
 
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Why does Obama keep telling reporters there are 'no shovel-ready projects'?

Perhaps I should've written this post before interviewing Jared Bernstein, the vice president's chief economist, on the same subject. But if you read that interview closely, you'll see a White House that doesn't exactly know what to do with...

By Ezra Klein  | October 19, 2010; 11:50 AM ET  |  Permalink  |  Comments
Categories:  2010 Midterms, Stimulus  
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'The Warmth of Other Suns'

I'm reading “The Warmth of Other Suns” right now, Isabel Wilkerson's beautiful, epic narrative following the migration of African Americans from the South to the North. It's easily the best book I've read in 2010. It's the sort of book...

By Ezra Klein  | October 19, 2010; 10:53 AM ET  |  Permalink  |  Comments
Categories:  Books  
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Stiglitz vs. the Fed

Nobel Prize-winning economist Joe Stiglitz does not think quantitative easing -- or further monetary policy in general -- is likely to work: It should be obvious that monetary policy has not worked to get the economy out of its current...

By Ezra Klein  | October 19, 2010; 10:24 AM ET  |  Permalink  |  Comments
Categories:  Federal Reserve  
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Are there 'shovel-ready projects?' An interview with Jared Bernstein.

In his interview with Peter Baker, President Obama said "there’s no such thing as shovel-ready projects.” Apparently, he said much the same to David Brooks earlier in the year. On Monday, I called the White House to ask what,...

By Ezra Klein  | October 19, 2010; 10:06 AM ET  |  Permalink  |  Comments
 
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Wonkbook: BoA restarts foreclosures; tax cut goes unnoticed; Sietsema's DC dining guid

Bank of America is getting back into the foreclosure game, restarting operations in 23 states and promising to get things running in the rest fairly soon. Whether the judges will accept the revised paperwork is unclear. Same goes for...

By Ezra Klein  | October 19, 2010; 6:44 AM ET  |  Permalink  |  Comments
Categories:  Wonkbook  
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Reconciliation

Recap: The five people Obama should hire now; why we need to stop treating the deficit like a second-grad math problem; and my case for Don Draper's decisions. Elsewhere: 1) The principles behind this AEI paper on controlling health-care costs...

By Ezra Klein  | October 18, 2010; 6:04 PM ET  |  Permalink  |  Comments
 
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Was the 'War on Terror' a win for Republicans?

In my earlier thread asking where the GOP's electoral hardball had gotten it, the Iraq War keeps coming up. Commenter Hopeful9, for instance, writes: The official policy of the country is eternal war "on terror", endless occupation of two Middle...

By Ezra Klein  | October 18, 2010; 5:20 PM ET  |  Permalink  |  Comments
 
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Markets for everything -- including creating new markets

China wants a dynamic, innovative economy. And that means patents. So China wants its citizens to apply for lots of patents. And so: Professors who do so are more likely to win tenure. Workers and students who file patents are...

By Ezra Klein  | October 18, 2010; 5:07 PM ET  |  Permalink  |  Comments
Categories:  China  
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Is Don Draper right?

My productivity is usually lower on Mondays, as I spend a fair portion of the day reading commentaries on the previous night's episode of "Mad Men." Last night, we had the season finale. And I think a lot of...

By Ezra Klein  | October 18, 2010; 4:25 PM ET  |  Permalink  |  Comments
 
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Why the Fed's strategy won't work

Aside from the last line, which suffers from some serious cult-of-the-presidency thinking, L. Randall Wray's pessimistic take on the proposed asset-purchasing program is worth reading....

By Ezra Klein  | October 18, 2010; 3:23 PM ET  |  Permalink  |  Comments
Categories:  Federal Reserve  
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Dissents: Jack Conway's Aqua-Buddha ad

Harvard's Theda Skocpol defends Jack Conway's controversial new ad (which you can watch, and read my take on, here): I have a real problem with all the prissy condemnations coming from liberal commentators about Conway's ad on Rand Paul's...

By Ezra Klein  | October 18, 2010; 2:59 PM ET  |  Permalink  |  Comments
Categories:  2010 Midterms  
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It's a hard-knock life

These comments from Warren Buffett and Jay-Z on the role that luck played in their professional lives shouldn't be missed: Interestingly, Buffett's comments -- he says that he'd work for seashells, and that the policy and cultural context mattered as...

By Ezra Klein  | October 18, 2010; 2:35 PM ET  |  Permalink  |  Comments
 
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Information is money

Tim Fernholz wishes conservatives would spend more time thinking through the imbalance in information that's at the heart of most financial transactions: Consumers are almost always suffering from a major asymmetry in information when they purchase financial products, for reasons...

By Ezra Klein  | October 18, 2010; 1:50 PM ET  |  Permalink  |  Comments
Categories:  Financial Regulation  
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Revenge of the nerds

During the campaign, Barack Obama argued that we don't do enough to honor intellectual achievements among children. "If you win the NCAA championship, you come to the White House," he said. "Well, if you're a young person and you produce...

By Ezra Klein  | October 18, 2010; 1:11 PM ET  |  Permalink  |  Comments
 
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Lunch Break

Kids cover 'Kids':...

By Ezra Klein  | October 18, 2010; 12:45 PM ET  |  Permalink  |  Comments
 
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How good is your school?

A bunch of different organizations have come together to produce this site, where you can plug in the school you went to, the school your child goes to or any other school, and compare its graduation rates and the school...

By Ezra Klein  | October 18, 2010; 12:31 PM ET  |  Permalink  |  Comments
Categories:  Education  
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What Rand Paul could learn from Jack Conway's ugly ad

Jon Chait calls this "the ugliest, most illiberal political ad of the year," and he's right. Also, it's from a Democrat: Jack Conway embarrasses himself by indulging in this sort of demagoguery. Though you do wonder if being on the...

By Ezra Klein  | October 18, 2010; 11:25 AM ET  |  Permalink  |  Comments
Categories:  2010 Midterms  
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Tom Toles is worth a thousand words

By Ezra Klein  | October 18, 2010; 11:00 AM ET  |  Permalink  |  Comments
 
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How we misunderstand our deficit problem -- and the solution

Gallup's survey of voter preferences for closing the entitlement gap is incomplete. It suggests the options on entitlements are like a second-grade arithmetic problem: You can either add stuff (tax increases) or subtract stuff (benefit cuts). What's missing is...

By Ezra Klein  | October 18, 2010; 10:30 AM ET  |  Permalink  |  Comments
Categories:  Budget  
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The scariest sentence I've read today

With one exception, none of the Republicans running for the Senate — including the 20 or so with a serious chance of winning — accept the scientific consensus that humans are largely responsible for global warming. More here....

By Ezra Klein  | October 18, 2010; 10:18 AM ET  |  Permalink  |  Comments
 
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Column: The five people Obama should hire now

First, Peter Orszag turned in his ID card. Then Christina Romer went. In short order, Larry Summers and Rahm Emanuel announced their exits. Jim Jones is gone, too. A lot of people are leaving the White House these days....

By Ezra Klein  | October 18, 2010; 9:50 AM ET  |  Permalink  |  Comments
Categories:  Obama administration  
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Americans prefer tax increases to benefit cuts

In Washington, the fiscal commission -- and the elite consensus -- favors sharp spending cuts over tax increases as a way to plug the entitlement hole. In the country, the preference is just the opposite: Interestingly, this holds true for...

By Ezra Klein  | October 18, 2010; 9:05 AM ET  |  Permalink  |  Comments
Categories:  Budget, Charts and Graphs  
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Wonkbook: Bernanke moves; WH opposes foreclosure moratorium; foreign money does enter campaigns

It's not paranoid if they're really out to get you, and it's not pessimism if you're, well, right. For months, a fairly small group of bears have been calling for Ben Bernanke and the Federal Reserve to accept the...

By Ezra Klein  | October 18, 2010; 6:39 AM ET  |  Permalink  |  Comments
Categories:  Wonkbook  
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