Bill Foster: “I'm proud to say that the bipartisan appropriations agreement signed into law in December provided robust funding for…”

I have been amused for a long time at how can it be that there is legislation supported by 70 or 80 percent of the public, a clear majority of Members of Congress, and yet we are not allowed to even vote on it.

The good news is that macroeconomic policy is working as designed.

While the Presidency is often the focus of political pronouncements about macroeconomic conditions, there is no question that it undersells the importance and the independence of the work of the Federal Reserve Board.

Frankly, when I read about this, it triggered my PTSD from the AIG situation with credit default swaps during the financial crisis.