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Blog Profile / The Baseline Scenario

Filed Under:Business & Finance / Economics
Posts on Regator:520
Posts / Week:2.6
Archived Since:February 8, 2011

Blog Post Archive

Obamacare, Taxes, United Airlines, and My Tea Infuser

By James Kwak Over at Medium, I just posted a new article about the Jonathan Gruber-Obamacare “scandal.” Republicans are highlighting Gruber’s remarks as proof that the individual mandate really is a tax, and that the administration hid that fact in … Continue reading ?

A Conference On Finance For Everyone Else

By Simon Johnson It is hard to move around in Washington these days without bumping into a conference on the future of finance. But most of these are either closed to the public, or run on behalf of large banks … Continue reading ?

No, You Can’t Get a Drink at 5 AM

By James Kwak I’m in the United Club at SFO waiting for a flight, and the bar is closed until 8. So much for business travel. I just published a post over at Medium that is really about two things: how … Continue reading ?

Cultural Capture and the Financial Crisis

By James Kwak A few years ago, while still in law school, I was invited to write a chapter for a Tobin Project book on regulatory capture. It was a bit intimidating, being part of a project that included luminaries like … Continue reading ?

Game of Thrones, The Wire, and the New York Fed

By James Kwak I wrote a column that went up this morning at The Atlantic about the ProPublica/This American Life story about the New York Fed. The gist of the argument is that we all knew the New York Fed … Continue reading ?

New Collection on Medium

By James Kwak I’ve joined a new collection on Medium devoted to business and finance writing. It’s called “Bull Market,” after an intense lobbying campaign (including alleged vote-buying, although I haven’t tried to collect) by Felix Salmon, and includes Felix, … Continue reading ?


By James Kwak You may have noticed that my blogging has tailed way off over the past few months—to, well, just about nothing. You probably noticed that it was pretty spotty for a long time before that. The main reason is … Continue reading ?

An Elizabeth Warren for New York

By Simon Johnson These days, almost everyone likes to complain about institutional corruption – and various forms of intellectual capture of government orchestrated by big corporate interests. But very few people are willing to do anything meaningful about it. Zephyr … Continue reading ?

How to Get Thrown Out of a Luxury Hotel

By James Kwak That’s one of the subplots of Big Money, by Politico reporter Kenneth Vogel, a book that I reviewed for yesterday’s issue of the New York Times Book Review. You can read that review, so I won’t re-review it here, except … Continue reading ?

Corporate Political Contributions and Bad Faith, Whatever That Is

By James Kwak In an earlier paper (blog post here), I argued that corporate political contributions can in many cases be challenged by shareholders as conflicted transactions that further insiders’ personal interests (e.g., lower individual income taxes) rather than the … Continue reading ?

Larry Summers and Finance

By James Kwak I think some people didn’t understand the point I was making about the question of whether the government made money on TARP in my earlier post. Summers said, “The government got back substantially more money than it … Continue reading ?

Larry Summers Should Keep His Mouth Shut

By James Kwak Larry Summers is well on his way to rehabilitating his public image as a brilliant intellectual, moving on from his checkered record as president of Harvard University and as President Obama’s chief economic adviser during the first … Continue reading ?

Worse Than We Even Imagined

By James Kwak I’m giving a talk at the UConn Law School reunions tomorrow, and one of my closing points is about the plethora of banking crimes/scandals/whoopsies that we’ve seen in the past few years—even those having nothing to do … Continue reading ?

My Daughter’s Wish

By James Kwak Today my daughter’s combined first and second grade class wrote down their individual wishes for the world. The wishes are part of a wish tree. Here they are: I wish people could always be happy. I wish … Continue reading ?

Czars, Kings, and Presidents

By James Kwak Over the years, Tim Geithner has come in for a lot of well-deserved criticism: for putting banks before homeowners, for lobbying for Citigroup when it wanted to buy Wachovia, for denying even the possibility of taking over … Continue reading ?

Why Regulation Goes Astray

By James Kwak The Harvard Law Review recently published a multi-book review by Adam Levitin, the go-to guy for congressional testimony on toxic mortgages, illegal foreclosures, and homeowner relief (or, rather, the failure of the administration to provide any). It’s a … Continue reading ?

Is Credit Suisse Really in Jail?

By James Kwak Credit Suisse’s guilty plea to a charge of tax fraud seems to be a major step forward for a Justice Department that was satisfied both before and after the financial crisis with toothless deferred prosecution agreements and … Continue reading ?

Connecticut Public Retirement Plan Passes, More or Less

By James Kwak A couple of weeks go I wrote an op-ed about a proposal in Connecticut to create a new tax-preferred retirement plan that would, by default, include almost all workers who don’t currently have access to an employment-based … Continue reading ?

What Is Social Insurance? Take Two

By James Kwak More than a year ago I wrote a post titled “What Is Social Insurance?” about a passage in President Obama’s second inaugural address defending “the commitments we make to each other – through Medicare, and Medicaid, and … Continue reading ?

Finance and Democracy

By James Kwak Roger Myerson, he of the 2007 Nobel Prize, wrote a glowing review of The Banker’s New Clothes, by Admati and Hellwig, for the Journal of Economic Perspectives a while back. Considering the reviewer, the journal, and the content of the … Continue reading ?

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