by Mike Kimel Taxes and Economic Growth: Real World & Simulations Over the past few years, I’ve posted many times on an unpleasant reality: despite the fact that so many people believe otherwise, in general, lower taxes do not result in faster economic growth. It is really too bad, because we could all be better […]

As I wait for the roofers to fix a leak in a flat part of the roof I pass along this comment and link: Lifted from comments at Naked Capitalism, reader Mary  points us to some history: Martin Mayer C-Span link in full: The Greatest Ever Bank Robbery” 1990.   Even as Wells Fargo bank remains […]

Do you think it’s the Fed? It’s not. The market determines short term interest rates. Really. The Federal Funds Rate, which is set by the Fed, FOLLOWS 3 month T-Bill rates.  It does not lead the economy.  Here are some looks.  First the whole data set, going back to 1954, presented in Graph 1. Federal […]