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1 7 The first two foundational chapters answer these questions by introducing the two analytical tools we will use to diagnose first and then offer appropriate policy fixes for the American economy. The first two foundational chapters answer these questions by introducing the two analytical tools we will use to first diagnose and then offer appropriate policy fixes for the American economy. 9/8/2010
1 17 Exhibit 1.3 - move “Three” to the second line. Exhibit 1.3 - move “Three” to the second line. 4/13/2011
1 20 With its mishandling of issues ranging from “cap and trade,” health care reform, and tax hikes, the Obama administration has created tremendous uncertainty within the American business community—and attendant risk and uncertainty. With its mishandling of issues ranging from “cap and trade,” health care reform, to tax hikes, the Obama administration has created tremendous uncertainty within the American business community—and attendant risk and uncertainty. 4/13/2011
1 40 If these economists are correct, such a sustained oil price shock would have the same kind of effect on America’s long-term growth prospects as a python has on its victims as it tightens it grip. If these economists are correct, such a sustained oil price shock would have the same kind of effect on America’s long-term growth prospects as a python has on its victims as it tightens its grip. 4/13/2011
1 88 On the Right, many Republicans simply want to slash taxes in the current broken system rather than acknowledge the need for a certain level of government revenues and the need to boldly reform the tax-collecting system. On the Right, many Republicans simply want to slash taxes in the current broken system rather than acknowledge the need for a certain level of government revenue and the need to boldly reform the tax-collecting system. 4/13/2011
1 131 More than 40 years later, geopolitical risk in the Persian Gulf continues to loom large. More than 30 years later, geopolitical risk in the Persian Gulf continues to loom large. 4/13/2011
1 203 That may be true, but if this is the policy concern—and it is a legitimate concern—there are far better ways to assist these home buyers (say, through direct subsidies) and target markets than having a regulatory regime in which home buyers can enter the market with “no skin in the game” and therefore have little incentive to stay in the game when things go south. That may be true, but if this is the policy concern—and it is a legitimate concern—there are far better ways to assist these home buyers (say, through direct subsidies) and target markets than by having a regulatory regime in which home buyers can enter the market with “no skin in the game” and therefore have little incentive to stay in the game when things go south. 4/13/2011
1 231 The Federal Reserve’s easy monetary policies over the past decade have played a role and fueling a housing bubble in America’s structural imbalance of overconsumption. The Federal Reserve’s easy monetary policies over the past decade have played a role in fueling a housing bubble in America’s structural imbalance of overconsumption. 4/13/2011
1 251 Bernanke, Ben, 52-55, 57, 60, 70, 201, 229 Bernanke, Ben, 52-55, 57, 59, 70, 201, 229 4/13/2011
1 254 economic growth
drivers of, 2
economic growth
drivers of, 3
4/13/2011
1 255 price indexing versus wage indexing, 164-166 price indexing versus wage indexing, 163-166 4/13/2011
1 259 Johnson, Lyndon, 51, 60, 91 Johnson, Lyndon, 51, 60, 90 4/13/2011
1 261 Medicaid expansion under, 150 Medicaid expansion under, 151 4/13/2011
1 262 Patternson, Scott, 208 Patterson, Scott, 208 4/13/2011
1 262 price indexing, wage indexing versus, 164-166, 237 price indexing, wage indexing versus, 163-166, 237 4/13/2011
1 264 Summers, Larry, 65 Summers, Larry, 64-65 4/13/2011
1 266 wage indexing, price indexing versus, 164-166, 237 wage indexing, price indexing versus, 163-166, 237 4/13/2011
1 iv First Printing August 2010 TBD 4/14/2011