Thursday, March 26, 2009

Interesting links, mostly from Mankiw

Stock returns are lower and volatility is higher when Congress is in session. As a proxy for American economic growth, that's not a good thing with an unbalanced legislature:

Some funny and interesting proposals for getting monetary policy past the issue of a zero bound:

On the trivial pursuits of Congress:

Jeffrey Sachs explains why the public-private program proposed by Geithner creates substantial moral hazard and pays banks a greater-than-fair value for their assets.

On problems with the charity tax (that you can't functionally tax charitable giving and expect the level of charitable giving to remain the same), from Feldstein:

On why it may not be such a good thing for AIG employee retention to force return of the AIG bonuses - A letter from an AIG EVP to the CEO:

1 comment:

  1. I may have commented on this post solely due to the word Mankiw in the subject line.