Tax policy to correct inequality assumes that nobody is entitled to advantages due to luck alone. But the public largely rejects complete equalisation of 'brute luck' inequality. This column argues that there is near universal public support for an alternative, benefit-based theory of taxation. Show More Summary
Good architectural design is a public good, but economists and policymakers lack robust evidence on the impact of well designed architecture on location value when planning spaces. This column verifies the worth of preserving and designing...Show More Summary
In what amounts to a election quarter surprise, The post Election Surprise! NY Fed Downgrades Q4 GDP Growth To 1.22% was originally published at The Wall Street Examiner. Follow the money!
(September 23, 2016 04:59 PM, by Scott Sumner) Here's Matt O'Brien: Libertarian presidential candidate Gary Johnson is a friendly guy, seems pretty moderate. But he could tank the economy. That's what trying to balance the budget all at once would do. Which, of course, is what Johnson says... (1 COMMENTS)
(September 23, 2016 02:35 PM, by Amy Willis) Does Karl Marx still matter? Prominent British leftist historian Gareth Stedman Jones says Marx's influence is waning, and that's OK. His new biography aims to put Marx in his proper historical context. Our own Pedro Schwartz is less sanguine,... (0 COMMENTS)
The regulator says the Democrat and other directors of a now-defunct company failed to report timely stock transactions
The bank's phony accounts debacle leads to list of demands from a federation whose affiliates manage more than $200 billion
Costume makers and retailers are already struggling to meet demand for Trump merchandise and expect to run out
According to a report by CNBC, Twitter is up for sale and some big companies are interesting in bidding. Twitter has struggled to turn a profit despite its influential user base that includes politicians, journalists, and celebrities. Jack Mohr, chief investment strategist for The Street, joins CBSN to break down the details.
From the Philly Fed: The Federal Reserve Bank of Philadelphia has released the coincident indexes for the 50 states for August 2016. In the past month, the indexes increased in 39 states, decreased in nine, and remained stable in two, for a one-month diffusion index of 60. Show More Summary
Today's Water Cooler: David Brock's commissions, undecided voters, Pence on the trail, manufacturing, MMT, Charlotte's highways, Lego
Medivation focuses on developing medicines for cancer and serious diseases with few treatment options
If you want to improve your relationship with money or teach your kids about personal finance, these findings may help you do just that
If the test is successful and goes national, it would be the first new entree for the Happy Meal in more than 30 years
Stocks posted solid gains this week, with the S&P 500 up 1.5%, as investors breathed a sigh of relief after the Fed kept interest rates unchanged
By Lambert Strether of Corrente. Now this is not the end. It is not even the beginning of the end. But it is, perhaps, the end of the beginning. –Winston Churchill The old reprobate got that one right, didn’t he? This post will be absurdly short (for Naked Capitalism) and absurdly sweet (for Naked Capitalism). […]
There were two important releases on the US housing market today. One is the widely followed Existing Home Sales report from the NAR and the other is a lesser known but more in depth report from the online real estate brokerage Redfin.com. Show More Summary
Back to the phenomenal Real Median Household Income report from the US Census Bureau for 2015. If you call, it rose by the most in history, +5.2% from 2014 to 2015. Particularly when the Bureau of Economic Analysis’ Disposable Personal Income (DPI) per household grew by only 2.8% from 2014 to 2015. Show More Summary
The Obama administration's indefinite delay of the half-finished Dakota Access pipeline has far-reaching implications, all of which are negatives for U.S. oil stocks. The post How the Dakota Access Pipeline Fight Could Burn Oil Stocks was originally published at The Wall Street Examiner. Follow the money!
The press needs to tell the truth about lies: The Lying Game, by Paul Krugman, NY Times: Here’s what we can be fairly sure will happen in Monday’s presidential debate: Donald Trump will lie repeatedly and grotesquely, on a variety.....