Relevant and even prescient commentary on news, politics and the economy.

corporate tax rate

I guess this is pick on Mankiw day. I see he is now in favor of the McCain proposal to cut the corporate tax rate to 25%. But the effective corporate tax rate was already 24.2% at the end of 2007. So I wonder which corporations he thinks should pay higher taxes? P.S. Mankiw promises […]

De-fanging passive voice

An elder Cherokee Native American was teaching his grandchildren about life. He said to them, “A fight is going on inside me…It is a terrible fight, and it is between two wolves. One wolf represents fear, anger, envy, sorrow, regret, greed, arrogance, self-pity, guilt, resentment, inferiority, lies, pride and superiority. The other wolf stands for […]