Attracting him a very great move by, I must say... Greg Leiserson has been killing it on tax policy this late summer and fall, most notably with [The Tax Foundation’s score of the Tax Cuts and Jobs Act](http://equitablegrowth.org/research-analysis/the-tax-foundations-score-of-the-tax-cuts-and-jobs-act/). Show More Summary
Would a Norway sovereign wealth fund divestiture from fossil fuels be a tipping point among investors?
Economists have studied extensively the direct impacts of natural disasters on local labour markets, but less is known about the knock-on consequences for wider markets. This column argues that although supply chain disruptions caused...Show More Summary
There is little doubt that one of the main causes of the Global Crisis was excessive risk-taking by large international financial institutions. This column argues that the combination of very high leverage and limited liability continues to incentivise risky behaviour by bankers. Show More Summary
Chris Whalen posted an interesting articile this morning entitled “Is Multifamily Lending a Threat to US Banks? The post Is Multifamily Lending a Threat to US Banks? (Fed Froth, Not Safety And Soundness, Is The Problem) was originally published at The Wall Street Examiner. Follow the money!
Behavioral biases come in all shapes and forms. Many of these, however, relate to the issue of imperfect information (e.g. asymmetric information, instances of costly information gathering and processing that can distort decision-making,...Show More Summary
Fed Study Says San Francisco Fed research blames low inflation, neutral rate The post This Flat Yield Curve Is No Greenspan Conundrum (Low Inflation Prevails) was originally published at The Wall Street Examiner. Follow the money!
The price of gold last week reached its highest level in one month. The post Why the Price of Gold Could Push Higher from Last Week’s 1-Month High was originally published at The Wall Street Examiner. Follow the money!
In the context of the ongoing Chinese debt bubble crisis (yet to explode into a full crisis, but the timer is ticking ominously), The post Wait till rates normalization hits the property markets was originally published at The Wall Street Examiner. Follow the money!
...or, especially, after-tax real median growth. Or even 2%-ile income growth. Let alone well-being after cuts in public services. You just can't. It doesn't add up at any level. As a matter of arithmetic... Just too much of existing capital income flows to foreigners. Show More Summary
From the Federal Reserve: Janet L. Yellen will step down as a Member of the Board of Governors of the Federal Reserve System, effective upon the swearing in of her successor as ChairJanet L. Yellen submitted her resignation Monday as...Show More Summary
The New Poll Tax Hundreds of thousands of Americans are being denied the right to vote because they are poor. In nine states, Republican legislators have enacted laws that disenfranchise anyone with outstanding legal fees or court fines. Show More Summary
How did we get here? First, where are we? Matthew Yglesias: [If the GOP tax plan is so good, why do they lie so much about it?](https://www.vox.com/policy-and-politics/2017/11/20/16674640/gop-tax-plan-lies): "Democratic programs may or may not be... Show More Summary
Emmanuel Saez & Gabriel Zucman: Republican tax plan slams workers and job creators in favor of the rich and inherited wealth, by Emmanuel Saez & Gabriel Zucman: The tax plan released by Republicans in Congress and praised by President Donald...
Two from Tim Duy. First: The Unintended Consequences of a Flatter Yield Curve, by Tim Duy: It was supposed to be easy. When the Federal Reserve started hiking the federal funds rate, longer-term interest rates would rise. After all, they...
Peter Lindert at VoxEU: The rise and future of progressive redistribution, by Peter Lindert: What have governments done to shift national income towards the poor at the expense of those better off? The question deserves a global history, especially in...
Three weeks ago I posted five economic questions I'm frequently asked. Since then I've discussed: 1) Are house prices in a new bubble?2) Is a recession imminent (within the next 12 months)? 3) Is the stock market a bubble?4) Can investors use macro analysis?The final question I'm frequently asked: Will Mr. Show More Summary
(November 20, 2017 02:05 PM, by Contributing Guest) by Richard McKenzie "Don't tax me, don't tax thee, tax the man behind the tree!" ~ The late U.S. Senator Russell Long (D-LA) Republicans are being excoriated by pundits, journalists and Democrats for proposing to lower the corporate income tax... (0 COMMENTS)
By Lambert Strether of Corrente. Trade “The New TPP May Sink Trump’s Other Trade Dreams” [Foreign Policy]. “The revived TPP includes less restrictive — not more restrictive — rules on where automotive components can be made. Since both Canada and Mexico are in that pact, they’d be hard-pressed to adopt different rules just to deal […]
By Polly Cleveland In the 1970’s when I studied microeconomics in grad school, we got to monopoly briefly in one of the last chapters of the text. We learned that monopoly really wasn’t a such a problem. If a big corporation tried to raise prices to take advantage of a monopoly position, why, competitors would … Continue reading The Democrats Confront Monopoly