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10.09.2009 3:28 pm

Senate proposal would take a bad tax credit and make it worse

St. Louis Post-Dispatch

The housing market is in bad shape, and some people want the government to fix it. But does anybody really think it’s worth spending $121,000 for each additional sale we generate?

The $8,000 credit for first-time home buyers is about to…

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09.11.2009 12:38 pm

At 53, I’ve finally reached the age of reason

St. Louis Post-Dispatch

A paper presented yesterday at the Brookings Institution contains some ego-bolstering news for 53-year-old financial bloggers like yours truly: People make better financial decisions at my age than at any other. Authors Sumit Agarwal, John C. Driscoll, Xavier Gabaix and David Laibson write:

In a…

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06.01.2009 9:16 pm

Fixing retirement — for the kids

St. Louis Post-Dispatch

A discussion of children’s issues was about the last thing we expected at a retirement seminar. But Isabel Sawhill, a senior fellow at the Brookings Institution, says America can’t address the concerns of the older generation without affecting the youngest generation, too:

It’s children who…

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02.10.2009 5:52 pm

“Bad bank” is a bad idea, Brookings expert says

St. Louis Post-Dispatch

The stock market gave a big thumbs-down today to Timothy Geithner’s revamped bank-bailout plan. Douglas Elliott, a fellow in economic studies at the Brookings Institution, isn’t a big fan of the bailout either.

Specifically, he doesn’t like the “bad bank” that would use…

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