This is a companion piece to Steve’s AB post from earlier today, where he points out the specious reasoning of “the likes of Scott Sumner, David Beckworth, Lars Christensen, et al., claiming that fiscal austerity has obviously had no effect on GDP growth.” I wrote Sumner off a few years ago due to a highly […]
After the tax agency was denounced in recent weeks by President Obama, lawmakers and critics for what they described as improper scrutiny of at least 100 groups seeking I.R.S. recognition, The New York Times examined more than a dozen of the organizations, most of them organized as 501(c)(4) “social welfare” groups under the tax code, […]
You’re seeing a lot of crowing these days from the likes of Scott Sumner, David Beckworth, Lars Christensen, et al., claiming that fiscal austerity has obviously had no effect on GDP growth. “Look!” they say: “Even with the sequester and all the other government spending cuts, growth in 2013 has been the same as 2012! […]
From Matt McOsker : This might be a good debate to advertise on AB: http://www.modernmoneyandpublicpurpose.com/mmt-vs-austrian-school.html Modern Monetary Theory vs. the Austrian school macroeconomic debates among the heterodoxy Warren Mosler, Author, Soft Currency Economic Versus Robert Murphy, Associated Scholar, The Mises Academy When: 6.15pm June 3rd, 2013 Where: Room 103, Jerome Greene Hall, Columbia Law School Livestream: A […]
by Linda Beale The real IRS scandal Various posts here have made the argument that the TIGTA report shouldn’t be taken as a definitive analysis of the ins and outs of the various issues related to the IRS’s examination of applications for 501(c)(4) status and its use of terms like “tea party” and “patriot” as […]
The Cato Institute, originally the Charles Koch Foundation, is one of the most influential libertarian think tanks in the country. With both Charles and David Koch on its board of directors, Cato has produced numerous studies on the evils of corporate subsidies (which it calls “corporate welfare“), dating back at least to the 1990s. Supposedly, […]
I’m constantly astounded that nobody on the left or the right ever mentions Milton Friedman’s proposal for taxes on corporate profits. On page 174 of (my edition of) Friedman’s libertarian bible Capitalism and Freedom, he proposes what seems a simple and sensible plan (transcription here): …the abolition of the corporate income tax, … with the requirement […]
by Linda Beale Stiglitz on globalization: the MNEs bought the law they wanted; it’s time to take it back Joseph Stiglitz has a new read-worthy article. Globalization isn’t just about profits; it’s about taxes, too, The Guardian (May 27, 2013). As he notes towards the conclusion of the piece, the big MNEs aren’t simply “applying […]
If you have a half-hour of free time and you’re interested, here it is. Yes, yes, I originally said it was an hour long, but I never, ever, claimed here to be good at math. Or at noticing how long a Web video lasts.