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.
Over at “Economists View,” Anne and Muses are having a discussion over why some 30-something million will be uninsured under the PPACA Paul Krugman: The Obamacare Shock. The conversation goes back and forth citing references without giving any real explanation of what the 31 million is composed of and why they will not be covered. […]
In my ongoing efforts to clarify national-accounting-speak (for myself and others), I’d like to take a stab at some language that is often used ambiguously: the notion of “public” debt. (See also Thinking About the Fed.) If you don’t think anyone is confused by that term, understand: in “public debt,” “public” means government. In “debt […]
by Mike Kimel An Open Letter to the Board of Trustees of Purdue University Dear Board of Trustees of Purdue University, If I may, I’d like to bring some facts about your President, Mitch Daniels, to your awareness. Now, it may be odd for me to do so, as I am not actually affiliated in […]
Carmen Reinhart and Kenneth Rogoff wrote an angry open letter about how Krugman has been uncivil to them. Krugman’s reply strikes me as being convincing even devastating. Update: My full fisking here. I want to focus on one sentence in the R&R letter “politicians may float a citation to an academic paper if it […]
Just click the link and read it. This is solid experimental evidence that if you just give her some money she will learn how to fish on her own so stop being so paternalistic.