Monthly Archives: March 2010

The President and the Supremes

By Chandrashekar (Chandra) Tamirisa, (On Twitter) @c_tamirisa Checks and balances in action in a well-functioning democracy can be a very interesting sight to watch. The Supreme Court of the United States run by constitutional lawyers is duly critical of the White … Continue reading

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Financial Regulatory Reform

By Chandrashekar (Chandra) Tamirisa, (On Twitter) @c_tamirisa The President’s Press Secretary Robert Gibbs is saying that the White House does not want to veer from the principles behind financial regulatory reforms just as the candidate Obama did not, earlier on the … Continue reading

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Reforming Social Security

By Chandrashekar (Chandra) Tamirisa, (On Twitter) @c_tamirisa In 1983 a commission established by the then President Ronald Reagan and led by Alan Greenspan had attempted to bring the house of U.S retirement security into order. The recommendation of that commission was … Continue reading

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Larry Summers, The Economic Winter And The Coming Of Spring

By Chandrashekar (Chandra) Tamirisa, (On Twitter) @c_tamirisa “There are two types of recession,” Summers said. “One happens when the central bank steps on the monetary brakes during an inflationary phase, and that ends quickly. The other type needs a lot longer … Continue reading

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Bi-Polarity When The Anchor Stumbles

By Chandrashekar (Chandra) Tamirisa, (On Twitter) @c_tamirisa Stanley Fischer, the Governor of the Bank of Israel, appears to be in great demand. The former MIT and Chicago professor of International Economics and the First Deputy Managing Director of the International Monetary … Continue reading

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The Crisis: A Reply To Alan Greenspan, Part 2

By Chandrashekar (Chandra) Tamirisa, (On Twitter) @c_tamirisa In the first part of this response to Alan Greenspan’s draft paper for the Brookings Papers on Economic Activity titled “The Crisis” I presented the political and economic canvas of the economic circumstance that … Continue reading

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“Supercapitalism” By Robert Reich: A Book Review For Kindle

By Chandrashekar (Chandra) Tamirisa, (On Twitter) @c_tamirisa Robert Reich opens his book about a well known thesis of global supercapitalism, as old as the Middle Ages, by asking if capitalism is becoming tyrannical. The past Pinochet tyranny in today’s modern, well-managed … Continue reading

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The Crisis: A Reply To Alan Greenspan, Part 1

By Chandrashekar (Chandra) Tamirisa, (On Twitter) @c_tamirisa Alan Greenspan, who began his career as an professional economist with a publication in the Brookings Papers on Economic Activity, has once again taken recourse in that same journal to defend himself. He has … Continue reading

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It Is Time To Deliver

By Chandrashekar (Chandra) Tamirisa, (On Twitter) @c_tamirisa “The vision of a world free from nuclear arms has powerfully stimulated disarmament and arms control negotiations.” The Nobel Peace Prize for 2009 The Norwegian Nobel Committee in their press release of the Obama … Continue reading

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The Price Stability Of Wages

By Chandrashekar (Chandra) Tamirisa, (On Twitter) @c_tamirisa In labor economics, it is well known that the labor supply curve is highly inelastic, particularly at higher wages. As wages rise, in fact, labor supply tends to decrease. More money does not buy … Continue reading

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