Alberto Alesina News
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The Occupy Wall Street movement is fighting an almost unwinnable battle against the ghost of Steve Jobs.
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The Federal Reserve Bank of New York employees who analyze American International Group Inc.’s finances report to work each day at the New York Fed even though their supervisors are at the Treasury Department in Washington.
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Alberto Alesina is a new favorite of fiscal hawks like former President George W. Bush’s chief economic adviser, Gregory Mankiw.
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Joblessness and sluggish growth are hampering the economic recovery and Barack Obama’s political standing. Raising taxes on the rich, as the president called for yesterday, isn’t going to turn things around.
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Tear down this Chinese wall.
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America has long channeled the spirit of its industrious, fertile Pilgrim forebears by working long hours and having many children. Yet since 2006, the number of adult Americans who have never married has risen by more than 5 million. And since 2007, the number of employed Americans has fallen by 7 million. Is the economic slump turning America into Europe?
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World leaders from the U.K.’s David Cameron to Naoto Kan of Japan are betting they can deliver fiscal austerity without derailing economic prosperity. History suggests they may be right.
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The best medicine can taste awful.
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The jobs and housing boom promised by House Budget Committee Chairman Paul Ryan relies upon an economic theory that has been rejected by both the chairman of the Federal Reserve Board and the International Monetary Fund.
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