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Ed Dolan's Econ Blog

People are Drawing the Wrong Lesson from the IRS 501(c)(4) Scandal: We Need to Rethink the Whole Concept of Tax-Exempt Organizations

President Obama is shocked and angered that the IRS targeted certain conservative organizations for special scrutiny when they applied for 501(c)(4) tax exemptions as “social welfare” organizations. Republicans are just as shocked. The whole Washington political establishment is shocked, just shocked, that anyone, let alone the IRS, would try to stem the flow of political [...]

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Global Macro

Helicopter Money Debate: Lord Turner and Professor Woodford

A debate on helicopter money was held at the London Business School in April 2013 involving Lord Adair Turner and Professor Michael Woodford.  An account of that important debate is included in an article ‘Helicopter money as a policy option’, at VoxEU.org, dated 20 May.  In that debate the ‘Helicopter Money Financing model’ was compared [...]

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United States

Are There Reasonable Approaches to Fiscal Consolidation?

According to the CBO, under the President’s budget, the deficit hovers around 2% of GDP, and debt-to-GDP stabilizes through 2023 at levels lower than today’s. Hence, were the President’s budget to be implemented, the budget would be on a path to medium run stabilization. This point is illustrated in Figures 1 and 2 from the CBO [...]

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Trending Topic

Abenomics or the real-time experiment

Can one man's bold moves solve all the problems?

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United States

The Trapdoors at the Fed’s Exit

The ongoing weakness of America’s economy – where deleveraging in the private and public sectors continues apace – has led to stubbornly high unemployment and sub-par growth. The effects of fiscal austerity – a sharp rise in taxes and a sharp fall in government spending since the beginning of the year – are undermining economic [...]

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If the current and achievable growth goal of 7.7% could be sustained in the coming years, Myanmar would emerge as the next Asian tiger – but not without inclusive growth.

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Ed Dolan Ed Dolan's Econ Blog

Edwin G. Dolan is an economist and educator with a Ph.D. from Yale University. Early in his career, he was a member of the economics faculty at Dartmouth College, the University of Chicago, and George Mason University. From 1990 to 2001, he taught in Moscow, Russia, where he and his wife founded the American Institute of Business and Economics (AIBEc), an independent, not-for-profit MBA program. Since 2001, he has taught at several universities in Europe, including Central European University in Budapest, the University of Economics in Prague, and the Stockholm School of Economics in Riga, where he has an ongoing annual visiting appointment. During breaks in his teaching career, he worked in Washington, D.C. as an economist for the Antitrust Division of the Department of Justice and as a regulatory analyst for the Interstate Commerce Commission, and later served a stint in Almaty as an adviser to the National Bank of Kazakhstan. When not lecturing abroad, he makes his home in San Juan Islands, Washington.

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