Blog Profile / The Baseline Scenario


URL :http://baselinescenario.com/
Filed Under:Business & Finance / Economics
Posts on Regator:533
Posts / Week:2.5
Archived Since:February 8, 2011

Blog Post Archive

“Middle-Class Economics”

By James Kwak Supposedly President Obama is making “middle-class economics” one of the key themes of his final two years in office. I don’t really know what this is supposed to mean in a country where people making ten times the median … Continue reading ?

What Is Citigroup Hiding From Its Shareholders Now?

By Simon Johnson In the early and mid-2000s, Citigroup had compensation practices that can fairly be described as a disaster for shareholders (and for the broader economy). Top executives, such as then-CEO Chuck Prince, received big bonuses and generous stock … Continue reading ?

Tax Breaks (for the Rich) Are Forever

By James Kwak This week I returned to one of my favorite topics: raising taxes, particularly on the rich. First I wrote an article for Medium about the single most obvious change that should be made to the tax code: … Continue readi...

Nominate A Qualified Undersecretary Of Domestic Finance Now

By Simon Johnson The Obama administration urgently needs to nominate a qualified individual as Undersecretary for Domestic Finance at the Treasury Department. The Dodd-Frank financial reforms are under sustained and determined attack, and the lack of a confirmed Undersecretary is … Continue reading ?

Shareholders, Managers, and Capitalism

By James Kwak This morning I posted an article over at Medium about the question—raised again by Goldman analysts earlier this month—of whether JPMorgan should be broken up. The answer is obviously yes. The interesting thing is that this is … Continue reading ?

Vote in the Democratic Shadow Primary Now: Support Elizabeth Warren

By Simon Johnson The shadow primary for the Democratic Party is in full swing. What will be the ideas, themes, and messages that win support in 2016 – and will they carry the day in the presidential election? You can … Continue reading ?

The Republican Strategy To Repeal Dodd-Frank

By Simon Johnson On January 7, 2015, Day 2 of the new Congress, the House Republicans put their cards on the table with regard to the 2010 Dodd-Frank financial reforms. The Republicans will chip away along all possible dimensions, using … Continue reading ?

Insider Trading and the Art Bubble

By James Kwak I recently wrote two more articles for the Bull Market collection at Medium. The first was my explanation of the Second Circuit’s decision in United States v. Newman and Chiasson, which said that insider trading is only a crime … Continue reading ?

Elizabeth Warren And The Independent Community Bankers of America Are Right: Antonio Weiss Should Not Become Undersecretary for Domestic Finance

By Simon Johnson Antonio Weiss has been nominated to become Undersecretary for Domestic Finance at the Treasury Department. A growing number of people and organizations have expressed reservations about this potential appointment, which requires Senate confirmation – including Senator Dick … Continue reading ?

Citigroup Will Be Broken Up

By Simon Johnson Citigroup is a very large bank that has amassed a huge amount of political power. Its current and former executives consistently push laws and regulations in the direction of allowing Citi and other megabanks to take on … Continue reading ?

Don’t Repeal Swaps Push-Out Requirements (Section 716 of Dodd-Frank)

By Simon Johnson Section 716 of the Dodd-Frank financial reform act requires that some derivative transactions be “pushed-out” from those part of banks that have deposit insurance (run by the Federal Deposit Insurance Corporation) and other forms of backstop (provided … Continue reading ?

Antonio Weiss Is Not Qualified To Be Under Secretary For Domestic Finance

By Simon Johnson Antonio Weiss has been nominated by President Obama to become the next Under Secretary for Domestic Finance at the U.S. Department of the Treasury. Mr. Weiss’s supporters argue that he is highly qualified for this senior fiscal … Continue reading ?

Law School and Radio

By James Kwak This week I posted two things on Medium. The first was a commentary on changes in the markets for law students and lawyers. In short, if you are thinking of going to law school, the case is … Continue reading ?

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 ?

Changes

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 ?

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