by Mike Kimel Going Galt in 2011 – I Guess Atlas Shrugs Was Rightcrossposted at the Presimetrics blog A couple years ago, there was a small spate of commentary of folks by conservatives and libertarians about how, if the Bush tax cuts weren’t renewed, we’d see a bunch of highly productive people going Galt. In […]

by Mike Kimel Canada too! Part twoCross posted at the Presimetrics blog. In response to my post commenting on Frances Woolley’s post, Frances Woolley left the following comment: On WCI, one of the commentators suggested that the Liberal/Conservative growth differential is partly due to differences in military spending. In Canada where we don’t have a […]

by Mike Kimel Canadian economic growth is about two percentage points higher under Liberal governmentsCross posted at the Presimetrics blog. Frances Woolley has a piece in Worthwhile Canadian Initiatives that begins like this: Canadian economic growth is about two percentage points higher under Liberal governments. At least, that’s what my colleagues Stephen Ferris and Marcel […]

by Mike Kimel Rules to Write ByCross posted at the Presimetrics blog. Things to keep in mind, especially when posting here or writing me letters: 1. I don’t cite authority as proof, and I ask that you have the courtesy to not do the same to me. Its bad enough when you cite Paul Krugman. […]

Barry Ritholz’s The Big Picture carries a link to Presimetrics in the Reads to start your week section of his blog and Mike has been asked by Barry to post a chapter in the book section. Dan says: Mike’s book is one that people need to study and not skim to reinforce a dearly held […]

by Mike Kimel A Few Graphs Describing the Reagan PresidencyCross posted at the Presimetrics blog. On February 6, 2011, Ronald Reagan would have been turned 100 years had he been alive. In this post I’d like to share a few graphs from Presimetrics (the book I wrote with Michael Kanell, with graphs and illustrations by […]

by Mike Kimel Tax Rates v. Real GDP Growth Rates, a Scatter PlotCross posted at the Presimetrics blog. This post was submitted by Kaleberg. In this post, I will look at the relationship between top marginal income tax rates and real GDP growth using a scatter plot. I am inordinately fond of scatter plots. The […]

by Mike Kimel How Tax Rates Affect Investment and Consumption – A Look at the DataCross posted at the Presimetrics blog This post looks at how changes in the top marginal tax rates affect peoples’ decisions on how much to consume and invest. Ask a libertarian or conservative economist and the answer is obvious – […]

by Mike Kimel The Data Shows that State “Beggar Thy Neighbor” Policies Don’t Work.Cross posted at the Presimetrics blog. Many states seem to believe a “beggar thy neighbor” approach to taxes works best. That is, the state with the lowest taxes will “steal” business from other states and produce the fastest economic growth. A lot […]

by Mike Kimel The Tax Rate that Maximizes Economic Growth, Part 3… With Gov’t Spending, Money Supply and DemographicsCross posted at the Presimetrics blog. Today I will build a model that explains over three quarters of the annual movement in real GDP between 1929 and the present. The model depends on marginal tax rates, government […]