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Jan 9 2004
In a wide-ranging essay on the problem of incomplete information, I write, Perhaps the most important point of all is that government officials operate in a fog. If one looks at all of the imperfections and shortcomings of the market, then there appears to be a nearly infinite set of opportunities for the government ...
Jan 8 2004
Robert E. Rubin, Peter R. Orszag, and Allen Sinai make a case that our Budget deficits are not sustainable. If one includes the cost of the recently enacted prescription drug benefit, assumes that discretionary spending keeps pace with inflation and population growth, that the growth in the fraction of taxpayers subje...
Jan 8 2004
Use of the comment feature on this site is a privilege, not a right. In particular, even though we do not post email addresses, we need a real email address from everyone who comments. If you do not trust us with your email address, then we do not trust you to leave comments.
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