Marshall Auerback
Marshall Auerback's Latest Articles | 26
More Bad Beer From S&Ps David Beers
Like the horrible aftertaste that comes from throwing up the contents of one’s stomach after a night of binge drinking, the ratings agencies have reared their... Read »
Worse than Hoover
It’s actually a bit over the top and unfair to compare Barack Obama with Herbert Hoover – unfair that is, to the memory of Herbert Hoover. The received image... Read »
Barack Obama: The Nation’s First Tea Party President
For all its talk of the importance of averting a debt default, Barack Obama.is increasingly signaling that major deficit reduction has become more than just a... Read »
Time to Panic (II)
Today’s unemployment data suggests that we are experiencing something far worse than a mere “bump in the road”, as our President described it last month. ... Read »
To Save the Euro, Germany has to Quit the Euro Zone
When the euro was launched, leading German politicians used to argue, with evident relish (and much to the chagrin of the British in particular), that monetary... Read »
Liberals Need Not Fear Obama’s Tax Deal: Why a Payroll Tax Holiday Actually Helps Support Tomorrow’s Retirees
The commentary in the aftermath of President Obama’s announced tax deal with the GOP has been both predictable and, for the most part, misconceived. Leaving... Read »
Should We Tax Excess Corporate Profits?
Deficit spending by the government is merely the counterpart of private sector saving. What government deficit spending does is to permit the private sector to achieve... Read »
Repeat After Me: The USA Does NOT Have a ‘Greece Problem’
To paraphrase Shakespeare, things are indeed rotten in the State of Denmark (and Germany, France, Italy, Greece, Spain, Portugal, and almost everywhere else in the... Read »
Troubles in the Eurozone: Is a Conflict with the U.S. Far Behind?
At its most basic, our economy can be divided up into 3 sectors: there is a private sector that includes both households and firms; there is a government sector... Read »
Operation Twist, Part Deux?
Who funds our budget deficit? It is a question taking on increasing significance, given the recent back up on longer-dated bond yields, which has been explained... Read »







