Category: Carney

Carney: How To Respond to the Coronavirus Economic Emergency
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Carney: How To Respond to the Coronavirus Economic Emergency

The coronavirus is an economic emergency. But it does not have to become an economic catastrophe. It is very likely to push us into a recession, if it has not already. The signs of economic contraction are plain enough to see: major sports and cultural events have been canceled, airlines have curtailed their flights and…

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Carney: Honoring the America First Legacy of Abraham Lincoln
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Carney: Honoring the America First Legacy of Abraham Lincoln

Abraham Lincoln was born on February 12th two hundred and eleven years ago. No national holiday commemorates the birthday of America’s first Republican president. It is a holiday for government employees in a handful of states including New York, Connecticut, and Illinois. While some may lament this, it is perhaps fitting that Americans honor Lincoln…

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Carney: The Debate Over Fed Policy is Over. Trump Won.
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Carney: The Debate Over Fed Policy is Over. Trump Won.

The gap between President Donald Trump and the Federal Reserve chairman he appointed has narrowed considerably. A year ago, Powell and his fellow officials at the Federal Reserve were in the midst of a monetary poilicy they described as “normalization” and which required gradual rate hikes. The Fed hiked rates four times in 2018, provoking…

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Carney: Death of Absurd Spending Caps, Debt Ceiling Not End of Tea Party
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Carney: Death of Absurd Spending Caps, Debt Ceiling Not End of Tea Party

The deal between White House and Congressional negotiators to increase federal spending and raise the debt limit does not represent the death of small-government conservatism or the Tea Party. Instead, we are witnessing the death of a budget gimmick that never worked as advertised and may have, perversely, led to even more spending. The budget…

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