Glenn Rudebusch, at the FRB San Francisco, answers five key questions. The financial crisis is over. The recession is most likely over. We won't return to normal employment for some time. Inflation will not be too high. The Fed has an exit strategy to undo its recession-fighting policy actions.
Federal revenue as a share of GDP is at its lowest point since 1950. It's an interesting graph, and I want to see how the percentage federal revenue has fluctuated with GDP growth and also with the change in tax rates. The top tax rate was slashed a lot in the 60s, but you don't see much of a change.
The Economist's forecast. No big surprises, I think. Still, an interesting read. I might expect a slower increase of the federal funds rate than they do, though.
Free Exchange on the history of Monopoly, Anti-Monopoly, and Hasbro.