A Random Walk

Technically the US has defaulted before ...on accident, and it wasn't pretty: Terry Zivney and Richard Marcus describe the default in...

GOPers are afraid of Obamacare, but this is the scariest graph: Paul Ryan's "solution" was to refuse to let it grow, as i...

Estimates of the consequences of the shut down. Also checkout  MacroAdvisors shutdown calculator  and run your own estimates.

Paul Krugman points out that even within the most extreme version of a fixed exchange rate regime - a currency union - one can think about ...

What to expect Day 1 . 10 ways it could affect you. Why it happened . And the bigger looming problem of the debt ceiling .

As an exercise for the macro student, watch this video  starting around minute 30. The video is a brief Q&A with Narayana Kocherlakota ,...

Lets not forget that what we really do with University education is run a dating service. Ed Glaeser : The college experience is profoundl...