As usual Yves is well articulated and clear.

by Mike Kimel Top Marginal Income Tax Rates & Real Economic Growth, a Bar ChartCross posted at the Presimetrics blog. The chart below shows tax rates on one axis and the growth rates in real GDP that accompanied those tax rates on the other: I broke the tax ranges into 5 percentage point increments centered […]

Video of Robert Reich is here discussing unemployment and (updated) uses the lump of labor fallacy description: Transcript:>>and when we’re at a time when there’s so many people in their 50s who are unemployed and may not be able to get back into the job — the job market, I mean, it’s unlikely to happen, […]

by Tom Walker(Sandwichman at Ecological Headstand) Facts or Fallacies? Part II: In which Paul Krugman takes his lumps and eats them too while Jamie Galbraith runs afoul of the notorious lump-of-labor fallacy-fallacy In comments in response to Part I at Angry Bear, it was suggested that Paul Krugman has also made the lump of labor […]

Facts or Fallacies? Part I: BLS Data v. the Zombie Lump-of-Labor Fallacy-Fallacy by Tom Walker (Sandwichman at Ecological Headstand) In the third quarter of 2010 real GDP in the U.S. was 21 percent higher than it had been in the fourth quarter of 1999. Labor force participation grew during the same period by 9 percent, […]

by Mike Kimel Cross posted at the Presimetrics blog. To maximize real economic growth in the United States, the top marginal income tax rate should be about 65%, give or take about ten percent. Preposterous, right? Well, it turns out that’s what the data tells us, or would, if we had the ears to listen. […]

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Happy Holidays and Merry Christmas from all the Bears

by Tom aka Rusty Rustbelt Health Care: Regulatory Inconsistency When an elderly patient is in the hospital suffering from dementia, depression or schizophrenia, the hospital nurses may administer any psychoactive or anti-psychotic drug ordered by the physician within normal protocols and practices. When the patient becomes a nursing home resident a few days later, the […]