Ceteris paribus:
Principal-agent problem: Enforcing such contracts will involve transaction costs (often referred to as agency costs), and these costs may sometimes be very high indeed. http://generationaldynamics.com/forum/v ... dens#p3651 Mon Apr 13, 2009
Political economy: Political economists are interested in analyzing and explaining the ways in which various sorts of government affect the allocation of scarce resources in society through their laws and policies. http://generationaldynamics.com/forum/v ... dens#p3663
Political business cycle: Unfortunately these very policies, especially if pursued to excess, can also have very unpleasant consequences in the longer term (accelerating inflation, an unsustainably low rate of savings to support future investment, damage to the foreign trade balance, long-term expansion of government's share of the GNP at the expense of people's disposable incomes.
Writing in the Huffington Post, Ralph Gomory as many also called on for the United States to adopt Import Certificates Plan to balance trade.
http://www.huffingtonpost.com/ralph-gom ... 96131.html
Unfortunately thanks to foolishness in the third branch of government, there is no limit on the federal government’s power to do harm.
http://generationaldynamics.com/forum/v ... 1560#p3649
We have numerous points to include and since public opinion will not be the scope today we can only convey what we wish to avoid. The cap and trade has delayed the recovery. Investors like me who ask to be judged by the question we ask are finished investing into trends we know the results. They will have to see firsthand
http://generationaldynamics.com/forum/v ... dens#p2765 what they have delivered. I have cut my savings in preparation to this induced stupor we endure. If they cannot see they are the problem there will never be a solution. I have read where they are sweeping the world banks for accounts.
http://generationaldynamics.com/forum/v ... dens#p3653
http://www.iii.co.uk/news/?type=afxnews ... on=article
If it is about taxes or plain vanilla saving outside their fiat universe we will see. For many decades they deny balance and they wonder why we discern that there cheerful to useful idiots may be there maximum liability when they awake. This will happen when the productive people leave altogether and they just cannot see that far yet. I work Corporate and really it’s just an exodus in slow motion and soon after almost 30 years I plan on being next and so will you. Capital will go where it best treated and to prove that wrong in the historical reality of time and any bent of mind you cannot. Deficits do matter so research better source documents than there talking heads. The work will drain away as has the capital. Our summer of discontent will be the only good thing we see for some time. Prove us wrong will be our renewed countenance when balance is fact as the reason it is. Some say they are letting it unwind, I just asked them how dependant are you on others to date and had to walk away.
http://www.mcclatchydc.com/politics/story/64528.html
Younger moderates bring a generational perspective.
"I am one of the few (lawmakers) who may actually have to end up paying for the deficits we're currently running up," said Rep. Tom Perriello, D-Va., a 34-year-old freshman.
http://research.stlouisfed.org/fred2/data/CPIAUCNS.txt
Unadjusted CPI has increased four straight months in a row. From Dec 2008 to Apr 2009, unadjusted CPI rose from 210.228 to 213.240. That's a 1.4% increase over four months, which works out to an annualized price inflation rate of 4.3%.
Actual and "seasonal" is now over a four-month period
How to generate severe stagflation in the years 2010 through 2019 right on que thanks Washington provided below.
The Macroeconomic Effects of Tax Changes: Estimates Based on a new Measure of Fiscal Shocks, by Christina D. and David H. Romer (March 2007). (Christina Romer now chairs the president's Council of Economic Advisors). This study found that the tax multiplier is 3, meaning that each dollar rise in taxes will reduce private spending by $3."
http://www.heritage.org/Research/Energy ... table1.pdf
So who believes the tax mutiliplier and how the Waxman–Markey Climate Change Bill Would Affect the States,
http://generationaldynamics.com/forum/v ... dens#p1687 Sun Dec 07, 2008 3:10 pm
by Congressional District is not a disconnect to a run on capital on your future. Trust is a key word and see
where this is going. Patient? I remember clearly Mr. Johnsons war on poverty and Mr. Nixon's energy plan he called for.
Texas retired#5 WSJ
Wednesday, July 15, 2009 6:33:08 AM When Obama was running for office he promised to fix the housing mess....one more lie out of his mouth. The housing crisis is going to continue to plague this country until it is dealt with. Fannie and Freddie keep getting propped up by taxpayers. At this point it has slid so far that it will take years to turn around. The Obama administration is carrying out the Democratic agenda and they are not tackling the core issues with this nightmare of a recession...unemployment and housing. On wall street it is business as usual while middle America is struggling to survive and continuing to lose jobs. Obama and company are focused on the wrong things and they are killing this country.
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This process is nowhere near complete and, until it is, the economy will barely grow if it does at all, and it may well oscillate between sluggish growth and modest decline for the next several years until the rebalancing of excessive debt has been completed. Until then, the economy will be deprived of adequate profits and cash flow, and businesses will not start to hire nor race to make capital expenditures when they have vast idle capacity.
No wonder poll after poll shows a steady erosion of confidence in the stimulus. So what kind of second-act stimulus should we look for? Something that might have a real multiplier effect, not a congressional wish list of pet programs. It is critical that the Obama administration not play politics with the issue. The time to get ready for a serious infrastructure program is now. It's a shame Washington didn't get it right the first time.
Mr. Zuckerman is chairman and editor in chief of U.S. News & World Report.
