How To Know China Is Serious About Reforming Mercantilist Regime
quoting John B. Taylor via Asia Times
There is a freneticism animating Beijing’s governing class, a deft feeling of loss that is only explained as failure. Throughout the fiscal crisis and its aftermath that rocked the United States in late 2008, many working families knew of sources of growth outside the state.
Taxes, transfers, progressivity, and redistribution: Part 3
Alan D. Viard and Sita Nataraj Slavov | Tax Notes
Building on their prior work, Alan Viard and Sita Slavov highlight the crucial distinction between low-end, high-end, and overall progressivity of the tax system.
The Politics of Inflation
Irwin Stelzer, Weekly Standard
Growth for Whose Sake? There’s more to life than rising consumption.
2 charts that may change your view of the US economy when it comes to American living standards
James Pethokoukis | AEIdeas
The Fed's monetary policy: Just follow the yellow brick road?
Paul H. Kupiec | AEIdeas
Early last month, Federal Reserve Board Chairman Jerome Powell said he does not see any evidence that the labor market is at risk of overheating and putting inflationary pressure on prices. He does not foresee a need to accelerate the central bank’s quarterly interest-rate increases or to signal the need for a more restrictive future policy rate path. Paul Kupiec discusses why Chairman Powell feels confident in his forecast of exceptionally low unemployment and low inflation. Kupiec argues that if unemployment and inflation conditions in the early 1950s represent the prime of monetary policy, the odds of future Federal Reserve policy disappointments are not insignificant.
Former Reserve Bank of India chief stresses its need for autonomy
BY ASIA TIMES STAFF
Raghuram Rajan feels disagreements between the government and the RBI should not escalate further
Govt And RBI Have To Respect Each Other's Turf, Says Raghuram Rajan
quoting Raghuram Rajan via Business Standard
'The aim of the board is to be Rahul Dravid - sensible, thoughtful and not, with due respect, Navjot Sidhu', says Raghuram Rajan, former RBI governor.
Raghuram Rajan Says RBI Is A Seat Belt For Government
featuring Raghuram Rajan via Live Mint
Once you have appointed these deputy governors and governor, you have to listen to them because that is what you have appointed them for, they are your safety belt: Former RBI governor Raghuram Rajan.
Big Fight For Big Money
quoting Raghuram Rajan via The Asian Age
The economic problems should not however make us gloss over the severe institutional stress between the government and RBI.
India’s RBI board calls a truce between govt, central bank
BY ASIA TIMES STAFF
The RBI board accommodated some of the demands of the government, but on other issues it allowed the central bank to take the final decision
RBI-Govt Back From Brink, Time To Remove Sec 7 Threat
quoting Raghuram Rajan via Financial Express
From all appearances, the RBI board meeting was a cordial affair, with both the central bank and the government displaying a great deal of maturity in bringing relations between the two back from the brink.
A Sensible Government Knows When To Back Off: Raghuram Rajan
featuring Raghuram Rajan via Quartz India
India’s former “rockstar central banker”, Raghuram Rajan, has a word of advice for the Narendra Modi government in the backdrop of its strained relations with the central bank: “the sensible government knows when to back off.”
An authority on Civil-Military Relations; Southwest Asian Political Economy, and Pentagon Acquisition Reform .
KEYNES VS. HAYEK RAP
KEYNES VS. HAYEK RAP ROUND 2