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

Libertarians Looking Vaguely in the Direction of Apostasy

by Mike Kimel Libertarians Looking Vaguely in the Direction of Apostasy Tyler Cowen is a prominent libertarian, a professor at GMU and Director of the Mercatus Institute. He is also on very, very dangerous ground. Lately he has had a couple of posts – the latest one here – that quote a new book by […]

Ask Mr Grammar Person

What is wrong with this sentence ? It is true that making the headline corporate income tax rate lower would be a good idea since that might give us a less distortionary tax code,, but in light of the long-term budget crunch that means we need to make up for any rate cuts by closing […]

The re-balancing of trade within the Euro area: some improvement but not enough

I thought that the whole point of fiscal austerity was to turn the balance of trade and capital flow within the Euro area: debtors becoming savers and capital flows out of the Periphery and into to the core. We’re seeing the outset of such a shift; but it’s probably too slow in the making. The […]

A tax thought…A Modest Tax Proposal

by Tom aka Rusty Rustbelt A Modest Tax Proposal The GOP is all breathless about deficits, but this is the same GOP of Dubya Bush that fought a war in Iraq (unnecessary) and Afghanistan (overextended) funded entirely by debt. So, the following proposal. A 3% surtax on taxable incomes over $75,000 until the cost of […]