Tuesday, November 22, 2011

IGM Forum - what economists think.

The IGM forum is a group of economists that publish opinion pieces on major policy issues.  It all sounds very academic - but the topics that they address are pretty interesting and very relevant.

For example:

  • Buy American requirements in the 2009 stimulus bill did not have a big impact on US manufacturing employment.
  • Investors cannot reliably forecast stock prices.
  • A 1% increase in the top Federal tax bracket would half cumulative budget shortfalls.