Has anyone even looked at Romney’s tax return?
All of this business about his effective tax rate going up and him voluntarily not deducting more charitable contributions was a distraction. The preliminary return he filed in January: Preliminary...
View ArticleIs it worth borrowing money from China to pay for that?
The question in the title is becoming the new political meme for why we should cut spending on programs which are otherwise popular amongst voters. How true is it, however, that we’re borrowing from...
View ArticleQuick thoughts on corporate tax reform
Some quick thoughts, with the Apple testimony being all over the press right now (I’ll try to post more details later): – Keep the worldwide system - Keep the foreign tax credit - Do away with the...
View ArticleDebt Ceiling
A week ago I was convinced that there was a zero chance of the debt ceiling being breached, but over the past few days I’ve become convinced that there is a 90% chance of it happening. The GOP is...
View ArticlePiketty
It’s amazing how many bloggers on both the left and right (including actual economists) are butchering Piketty’s actual argument. Piketty’s argument comes down to 3 pretty simple points. 1) β = s/g β...
View ArticleThe acrimonious debate over inequality
A big part of the problem is that the terminology – “inequality” – is terrible. Literally no one, including the most strident leftist, believes that everyone, from the brain surgeon to the floor...
View ArticleClik here to view.
If you were wondering why you haven’t heard anything about the deficit in...
It’s because it has fallen so far so fast, and the concern that it is likely falling too far just doesn’t make for a good fear-inducing headline. The numbers are in for FY2014, which ended on Sept 30....
View ArticleThe misguided war against shareholder value management
Lots of criticism against shareholder value management and stock-based compensation for executives has appeared in the press recently....
View ArticleIceland and Sovereign Money
http://www.telegraph.co.uk/finance/economics/11507810/Iceland-looks-at-ending-boom-and-bust-with-radical-money-plan.html Surprised this isn’t getting more press. It will be an interesting experiment to...
View Article#Grepocalypse
Barring some miraculous breakthrough over the next 24-48 hours, it would seem that time is running out for a pre-July 20 agreement and there are really only two choices left: 1) Negotiate a short term...
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