The Atlanta Fed's macroblog provides commentary and analysis on economic topics including monetary policy, macroeconomic developments, inflation, labor economics, and financial issues.
- BLS Handbook of Methods
- Bureau of Economic Analysis
- Bureau of Labor Statistics
- Congressional Budget Office
- Economic Data - FRED® II, St. Louis Fed
- Office of Management and Budget
- Statistics: Releases and Historical Data, Board of Governors
- U.S. Census Bureau Economic Programs
- White House Economic Statistics Briefing Room
December 15, 2005
Vox Baby Does The Work Of The Angels
Andrew Samwick, Jeff Liebman, and Maya MacGuineas have unveiled their new "Nonpartisan Social Security Reform Plan," which Andrew describes in brief at Vox Baby. Long-time readers know that I am a proponent of privatization, primarily because a demographically-centered transfer system seems to me an inferior way to run a pension program. But I am sensitive to the better arguments of privatization's opponents -- that a purely private system might shift too much risk to those in or near retirement, that private accounts do not themselves guarantee sustainability of the system, that too many of privatization's proponents serve up their proposals as if there is free lunch to be devoured by one and all.
The Samwick-Liebman-MacGuineas plan suffers none of these deficiencies and, Solomon-like as it is, essentially splits the difference between many different reform proposals -- part privatization and part traditional fix-er-upping, paid for out of a combination of expanding tax coverage and raising the retirement age. As Jane Galt says, "that sounds like a plan" that "could achieve broad consensus across the left-right spectrum."
Much has been made of the power of the blogoshpere to move agendas that are overlooked, or resisted, by the traditional seats of power. And much has been said about the growing influence of econ blogs. Wouldn't it be something if we could band together and finally get real social security reform off the dime?
TrackBack URL for this entry:
Listed below are links to blogs that reference Vox Baby Does The Work Of The Angels:
- Introducing the Atlanta Fed's Taylor Rule Utility
- Payroll Employment Growth: Strong Enough?
- Forecasting Loan Losses for Stress Tests
- Men at Work: Are We Seeing a Turnaround in Male Labor Force Participation?
- What’s Moving the Market’s Views on the Path of Short-Term Rates?
- Lockhart Casts a Line into the Murky Waters of Uncertainty
- How Will Employers Respond to New Overtime Regulations?
- How Good Is The Employment Trend? Decide for Yourself
- Is the Labor Market Tossing a Fair Coin?
- When It Rains, It Pours
- September 2016
- August 2016
- July 2016
- June 2016
- May 2016
- April 2016
- March 2016
- February 2016
- January 2016
- November 2015
- Business Cycles
- Business Inflation Expectations
- Capital and Investment
- Capital Markets
- Data Releases
- Economic conditions
- Economic Growth and Development
- Exchange Rates and the Dollar
- Fed Funds Futures
- Federal Debt and Deficits
- Federal Reserve and Monetary Policy
- Financial System
- Fiscal Policy
- Health Care
- Inflation Expectations
- Interest Rates
- Labor Markets
- Latin America/South America
- Monetary Policy
- Money Markets
- Real Estate
- Saving, Capital, and Investment
- Small Business
- Social Security
- This, That, and the Other
- Trade Deficit
- Wage Growth