Although there has been widespread debate over the causal relationships leading to a widening yields on longer-term US debt and a steepening yield curve, Princeton economist Paul Krugman and Harvard historian Niall Ferguson have come to personify the two sides of the argument (their skirmish originated at this panel).
Yields on the 10- and 30-year Treasuries [...]
Author Archives: Matthew H. Hall
A Historian and an Economist Walk Into a Bar…
Posted on June 9, 2009 – 4:24 PM
The Magical, Mystery Deficit
Barack Obama’s budget was released last week and at least one pundit is skeptical of the President’s fiscal plan. Robert J. Samuelson’s piece on Real Clear Markets (“Barack Obama’s Risky Deficit Spending,” May 18) is fairly critical of the President’s long-term budget projections, which, conservatively estimated, should see U.S. debt as a percentage of G.D.P. [...]
Posted on May 25, 2009 – 7:02 PM
Required Summer Reading
With another (long) school year in the books, it’s time to turn to the books. Yes, you read that correctly – despite slogging through a year of studies, we at the ESA would like to make some recommendations as to “required” summer reading for students everywhere.
The Congressional Oversight Panel’s April Report:
Elizabeth Warren’s panel presents their [...]
Posted on May 24, 2009 – 10:16 PM
Weekly Links for Friday April 10, 2009
ESA’s weekly links post consists of the most interesting and relevant articles and posts we come across every week. It will include links from old media news outlets and quality independent blogs and will appear on Friday morning (for now).
The Weekly Links are compiled by the ESA analyst team.
Creditors Should Feel It Too
GMU economics [...]
Posted on April 10, 2009 – 4:08 PM
Putting Our Money Where Our Mouth Is
I believe it was the successful Depression-era speculator Joe Kennedy, father of John, Robert and Edward, who observed that when the shoe shine boy was talking about stocks, there was surely a bubble. Looking at a waitress’s shirt last week (“Tip Well – My Bailout Request Was Denied”) made me wonder if the opposite held [...]