Ed Dolan's Econ Blog

Archive for August, 2011

  • How Germany Free-Rides on the Euro

    For years, I have warned my European students of the fiscal free-rider problem built into the structure of the euro area. My examples have always been fiscally undisciplined peripheral governments seeking political gain by running budget deficits at the expense of their euro partners. Now, though, as the debate unfolds over measures to cope with […]

    More ›

  • Why Rick Perry’s Position on Climate Change Makes Him a True Conservative

    Rick Perry is a climate-change skeptic. Sure, he says, the world is getting warmer, but the climate has often changed. He doesn’t buy in to the idea that human activity has an effect on the current warming trend. Friedrich Hayek would say that makes him a true conservative. Hayek liked to view the political spectrum […]

    More ›

  • US Employment-Population Ratio Hits a New Low: Why it Matters for the Budget Debate

    By and large, U.S. media have spun the July employment report as more positive than negative. The 117,000 new payroll jobs created last month and the upward revisions for May and June were a relief after two months of very bad data. The downtick in the unemployment rate, although slight, was also welcome. One indicator […]

    More ›