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

More on Interest on Reserves

I did a couple of posts a while back asking (and concluding) what would result from the Fed ending their interest on reserves policies. (Not suggesting they do so — just wondering what the effects of that one change would be.) I got a lot of good answers and discussion, but nobody mentioned the very […]

Real Personal Consumption Data

Today’s personal income data release was interesting. Overwhelming, everyone is reaching the conclusion that the economy is strengthening and that stronger consumer spending is a major factor behind this conclusion. But today’s report shows that we now have three consecutive months of zero growth in real personal consumption expenditures( PCE ) — the single largest […]

More on Michigan Voting

The U.S. Election Atlas shows the Michigan county by county results for the general election in 2008.  Note that they have inexplicably reversed the normal Red-Blue color coding.   Contrast those results with the 2012 Republican primary results. In the Lower Peninsula, the counties that went for Romney in a big way generally went for Obama […]

Comparisons of charitable giving among presidential candidates

by Linda Beale Comparisons of charitable giving among presidential candidates[Hat Tip to Tax Prof] Len Burman, now a professor at Syracuse but still affiliated with the Tax Policy Center, wrote a blurb for Forbes on Stingy Rich People, Santorum-Gingrich Edition, Forbes (Feb. 20, 2012), which was a followup to Caron’s comparison of presidential contender giving […]