by Mike KimelCross-posted on the Presimetrics blog. Taxes and Private Sector Investment – Evidence from the Real WorldLast week I had a post (which appeared both here and at Angry Bear). The post included the following graph: Figure 1 The graph looks at every eight year period since 1929 (the first year for which National […]

by Mike Kimel This post appeared in the Presimetrics blog. Presidents, the Tax Burden and Corruption – Explaining Economic Growth One of the topics we cover in Presimetrics is the relationship between the tax burden (i.e., the share of income going to taxes) and economic growth. As shown also in a recent post, Presidents who […]

by Mike Kimel Presidents, the Tax Burden, and Economic Growth This post also appears at the Presimetrics Blog. It contains some information that has appeared in a few different Angry Bear posts, but I think I’m starting to manage to put it into a more coherent narrative. And as I’m able to do that, I’m […]

Robert Waldmann People are talking about regulating credit default swaps (CDS) . They include Collin Petersen D-Minn who proposes making it illegal to own a CDS without owning the underlying instrument (this is absolutely standard for other kinds of insurance). and George Soros who supports the proposal.(via Felix Salmon) A problem, I think, is that […]

By Stormy Divorced one Like Bush pointed out that the experts always seem surprised. Greenspan, the Delphian oracle, has officially added his voice to the chorus of surprises, nay, shock. It is hard to hit a guy when you are down, but let’s give it a try. Has anyone who knows anything at anytime been […]