(Dan here…lifted from an e-mail) I’m not registered with seeking alpha so I cannot read the whole article (I had sent), but what I read looks a lot like what I’ve written over the years. Here are some statements which, working off memory, I have written posts about and which I think are supported by […]
Also know as collectors vintage bitcoins. This is a crazy idea with no redeeming social value. BitCoin is valuable only because people expect it to be valuable in the future. I am sure there is BitCoin bubble, but it wouldn’t be that strange for for something useless to be valuable. Cancelled stamps may be valuable. […]
Flynn Bails, but Don’t Get Your Hopes Up I haven’t seen anything yet to convince me that the Putin-Trump collaboration was a big deal. Ugly and unprincipled, sure, but politically consequential, probably not. A contrary view, expressed by Harry Litman in today’s New York Times, is that this is the beginning of the end for the […]
https://www.nytimes.com/2017/12/01/business/economy/tax-plan-economists.html?_r=0 Douglas Holz-Eakin balanced with Kimberly A. Clausing in the NYT. Link in the picture. To think that looting could be so calmly described with ballance.
I will ease the pain from this early morning (when GOP senate slashed corporate taxes) by escaping into fantasy, I mean theory, but I repeat myself. A key theoretical argument about taxing profits (due to Diamond and Mirrlees I think) is that the tax can be very very high if firms maximize profits, because maximizing […]
Is Bitcoin A Speculative Bubble? There are at least two definitions of a speculative bubble. The first, and most widely accepted, is that it involves a price of an asset that rises substantially above its fundamental and then falls back towards that fundamental. The other, not necessarily all that clearly distinguishable from the former, involves […]
by Hale Stewart (originally published at Bonddad blog) Where’s Waldo, er, I Mean Inflation? Just a quick note: according to the 3, 6 and 12 month moving average of Y/Y percentage change in total and core PCE price indexes, there is little to no inflation to worry about.
AARP notes a planned reduction in Medicare funding. I have not hear much from them as in times past. If you read through the umpteen pages of the Senate tax bill, you won’t find a clause that says it dramatically cuts Medicare spending. But the effect of the legislation being debated this week would be […]
Brian Down from Focus Economics was looking for a response on cryptocurrencies…could make an interesting thread! I’m emailing you today because I am putting together a piece on cryptocurrencies and it would be great to get a comment from you on the subject. While some believe that cryptocurrencies are the future, the prevailing view appears […]
by Biagio Bossone (Biagio BOSSONE is an Italian national, currently advises international financial organizations on financial sector development issues and technical assistance programs in several countries in Africa, Asia and the Pacific, Latin America, and Northern Africa and the Middle East. He is a consultant to private-sector organizations. He has taught at various universities in Italy.) (Warning…wonkish) […]