Blog Profile / Angry Bear


URL :http://www.angrybearblog.com
Filed Under:Business & Finance
Posts on Regator:3971
Posts / Week:11.3
Archived Since:February 18, 2011

Blog Post Archive

No, We Won’t See a Torrent of Investment From the Tax Bill

No, We Won’t See a Torrent of Investment From the Tax Bill One of the arguments that Republicans are using to support their tax bill is that it will unleash investment.  The data says otherwise.  Currently, most US economic sectors are operating far below maximum capacity utilization. Let’s start with manufacturing: Figure 1 The top […]

Baltimore School Test Scores and Baltimore School Spending

I’ve noted before I have a bit of an interest in Baltimore because my wife originates from there (despite having convinced herself that she’s from the Los Angeles area). So I noticed this story: An alarming discovery coming out of City Schools. Project Baltimore analyzed 2017 state testing data and found one-third of High Schools […]

Many parents face higher taxes under TCJA, even if Congress makes its credits permanent

Ernie Tedeschi as linked by Paul Krugman points to an interesting author. The math is in follow up post.: Many parents face higher taxes under TCJA, even if Congress makes its credits permanent This quick post looks at the effects of the Tax Cut and Jobs Act (TCJA, the House GOP’s proposed tax plan introduced […]

ARAMCO CEO Is Delusional

ARAMCO CEO Is Delusional Financial Times reported yesterday that Amin Nasser, the CEO of the Arabian American Oil Company (ARAMCO, currently 100% owned by the Saudi government, although originally founded by four former US oil company majors), has declared that investors should feel pleased that Crown Prince Muhammed bin Salman has arrested and purged over […]

An Op Ed on Race Relations in the NY Times

The NY Times has an op ed entitled Can My Children Be Friends with White People?. (Dan here …Link corrected) I think this is the most interesting excerpt: …I will teach my boys to have profound doubts that friendship with white people is possible. When they ask, I will teach my sons that their beautiful […]

Progressive policies

Via Washington Post on Progressive policies Of the many things that are terribly wrong with our current tax debate, one primary offender is the notion that tax cuts will unleash massive growth effects. If facts could kill this mythology, it would be long dead. … …but a great, new paper just landed on my desk that takes […]

Cutting Taxes on Profits and Reality

The post below is silly. It is based on bending over backwards to take silly arguments for the GOP tax plan seriously. This older post is the one with some relevance to the real world. The silly argument is that lower taxes on profits imply a lower cost of capital for firms. Investors will demand […]

Cutting the tax on corporate profits would probably reduce US national income

Paul Krugman has been explaining (very slowly and clearly) that if the US attracts foreign investment by cutting taxes on profits, then it will have to pay the foreign investors. The Tax Foundation appears not to have noticed that loans are not gifts. First he quoted Stephen Rosenthal’s observation that the direct effect of cutting […]

Why are Republicans About to cut $25 Billion from Medicare ?

The PayGo law forbids bills which increase the national debt. Unless it is repealed or waived, the Republican tax cuts would cause automatic sequestration of, among other funds $ 25 billion from Medicare. This is an excellent as usual Vox Explainer by Tara Golshan It all comes down to the “pay-as-you-go,” or PAYGO, rule — […]

Matrix or 1984 ?

We have virtually reached the singularity when virtual reality supplants reality. A photo tweeted by the Russian Ministry of Defense Tuesday as “irrefutable” proof that the United States has allied with the Islamic State in Iraq and Syria turned out to be from a video game. Russian Ministry of Defence: “irrefutable evidence that there is […]

2018 Midterm election economic forecast: a struggling expansion that may amplify a wave

2018 Midterm election economic forecast: a struggling expansion that may amplify a wave We are now one year out from the 2018 midterm elections. Generally speaking, only the more involved voters show up for midterms, which seem to turn mainly on how much voters who “strongly” disapprove of actions in Washington outnumber those who “strongly” […]

Trump’s HHS Secretary Nomination and Healthcare Economist Uwe Reinhardt

New Editor Joyce Frieden at Medpage Today offers up an excellent review of President Trump’s head of HHS selection Alex Azar. If you do not read MedPage Today, it is a good site to get information on healthcare and healthcare policy. Orrin Hatch of Utah: “The leader of HHS will be at the tip of […]

Saudi Crown Prince Attempts To Destabilize Lebanon

Saudi Crown Prince Attempts To Destabilize Lebanon Of course that is not what Muhammed bin Salman (MbS) or his mouthpieces claim, but it is pretty much what every commentator I have seen outside of Saudi Arabia thinks is the likely outcome of his most recent actions, taken on the heels of his purge/arrests of over […]

The Right Way To Reform Corporate Taxes

This post is largely a comment on a New York Times editorial “The Right Way To Cut Corporate Taxes”. I disagree with the Times’s editorial board. Key parts of the editorial are “If Republicans worked with Democrats, they could reach a compromise to lower the top corporate tax rate to between 25 percent and 28 […]

Ricardian Equivalence

This is going to be a very long post with independent chapters (I won’t impose by making a series of posts) I. What is “Ricardian Equivalence” The basic idea is that the timing of taxes has no effect on anything, and especially not on consumption/saving choices, because rational economic agents know that the state has […]

Freedom of Speech for Fascists? (An op-ed)

Freedom of Speech for Fascists? I just finished reading the Chronicle of Higher Ed’s profile of Mark Bray, author of Antifa: The Anti-Fascist Handbook.  I don’t know how accurate it is as a portrayal of Bray and his ideas, but it seems like a sober, fair-minded overview of the debate over anti-fascist tactics and freedom of speech. […]

Two thoughts on the Virginia election: it’s the net strong disapproval,stupid! But is the primary driver education or age?

Two thoughts on the Virginia election: it’s the net strong disapproval,stupid! But is the primary driver education or age? It’s a slow week for economic news, but we sure had some electoral fireworks on Tuesday! Since I am a data nerd, here are two metrics from Virginia that caught my attention, which I’ll discuss in […]

England, Employment, Wages and Brexit

The Guardian newspaper has a story about wages in England: A shortage of factory workers is starting to push up pay rates but wage rises in the services sector remain rooted at around 2%, according to the latest feedback from the Bank of England’s regional agents. The central bank said its agents, which are based […]

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