Barry Ritholtz points us to how essential US government intervention was for the banking system and in particular existing banks and the management at The Big Picture. It has links worth pursuing as well. I continue to be of the mind that the Wall Street Bailouts were misguided, and that a massive Swedish style reorg […]
by Mike Kimel Hi folks! Long time readers probably know I’ve been haranguing on the deficit and the national debt for a long time. Last week I got an e-mail telling me about a new book called “Deficit: Why Should I Care?” by Marie Bussing-Burks. I had never heard of either the book or Ms. […]
by Linda Beale Jobs as the Measure of Economic Success, and Rick Perry’s Texas We have had a warped sense of how to measure economic success in this country at least since George W. Bush started talking about the “ownership” society. Of course, we should have guessed that moniker was problematic from the start, since […]
by Mike Kimel The Effect of Individual Income Tax Rates on the Economy, Part 2: The Great Depression and the New Deal, 1929 – 1940 This post is the second in a series that looks at the relationship between real economic growth and the top individual marginal tax rate. Last week I had a post […]
by Rebecca Wilder Disclaimer: I’m in Germany, and the keyboard takes some getting used to. Therefore, some of my posts in the coming week will be short and sweet (so that I don’t include characters lik ö, which is sure to turn some heads). Furthermore, blogger spellcheck doesn’t work in English here. The Q2 real […]
Angry Bear PGL wrote this post in 2007 reflecting the shape of politics and media soundbites of this current and constant election campaigning over the current two years to 2012 elections: In case Mr. Romney hasn’t seen my question. let me restate it. How will you address the long-run fiscal problem, that is, will you […]
by Mike Kimel Some thoughts on the next presidential election. 1. It seems to be a political truism that only Nixon could go to China. 2. Once a precedent is set, even taboo activities become OK. Clinton could go to China because Nixon had already gone. 3. Obama seems willing to, er, “fix” a number […]
by run 75441 The Medicare Sky is Falling Part of the Medicare Sky Falling story is a claim that doctors are refusing to accept new Medicare patients because of low payments. It is common for politicians and pundits to pontificate declaring Medicare is broken. A doctor himself, Wyoming Senator Barrasso made the claim to CNN’s […]
by Rebecca Wilder Global slowdown underway – it’s more than the Japanese supply chain disruptions The global economic rebound is slowing markedly. With a tightening bias in emerging markets and a US recovery that continues to disappoint, external demand for any country that ‘needs it’ – those countries mired in fiscal austerity without monetary autonomy, […]