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Sir, Lawrence Summers is certainly correct in asserting that the right focus of the European countries must be on restoring economic growth if they are to restore fiscal sustainability (“Growth not austerity is the best...
The damage to the public financesresulting fromthe financial crisis will require the scaling back of aspirations in other areas of fiscal policy.
The U.S. is in need of constructive suggestions as to how it might fashion a credible medium-term fiscal adjustment program that would allow the US to regain fiscal sustainability--as the Obama stimuli have provided little more than transient support to the US economic recovery.
Financial crises, and their aftermaths, can pose greater challenges to central bank independence than the more traditional pain associated with combating inflation.
The time for free, informed inquiry into sex differences is now.
Judging from the response to the Fed's three-year battle against systemic financial collapse and the risk of deflation, it is difficult to escape the conclusion that financial crises and their aftermaths can pose greater challenges to central bank independence than the more traditional pain associated with combating inflation.
The only real excuse for Fannie and Freddie to exist at all is to help in times of housing finance crisis.
Obama's partiality to unions is apparently rooted in a conviction that we would be better off if every employee were represented by a union.The marketplace says otherwise.




