With Republicans frantically clinging to discredited ideology and digging in their heels on raising top marginal tax rates, I thought it would be worth revisiting a post from a couple of years ago, showing some excellent long-term evidence that higher marginal tax rates are not associated with slower growth. Quite the contrary, in fact. Here […]
This item raised my eyebrows when I saw it. Joshua Tucker at The Monkey Cage points out that the Republicans are proposing we do exactly that. The idea (NYT, emphasis mine): …tax the entire salary earned by those making more than a certain level — $400,000 or so — at the top rate of 35 […]
by Robert Waldmann At Frum forum Justin Green extensively quotes Jeb Golonkin on how conservatism could be much better if conservatives made specific policy proposals. Sad but true, almost all of the proposals that have been signed into law are by Barack Obama. This is not a rare event. While many conservatives stick to slogans, […]
Banks in the United States may not be closed four days in a row.
Via Barry Ritholtz’s Big Picture comes this PBS six minute video on why health care costs so much. Watch Documentary: Why Does U.S. Health Care Cost So Much? on PBS. See more from PBS NewsHour.
Black Friday around here in New England begins to night in stores about 8 P.M. On the internet Black Friday’s discounts began last week as the competition heats up between companies with stores and internet based sales. Stores have responded with aggressive discounts, especially visible is Walmart. This post is relevant to the issue of […]
Mr. Dan, When I started reading Angry Bear I was working as a technical editor (degree in English) and had zero knowledge of economics, but I was watching the (to me) economic weirdness going on in the 2000’s, and started reading economics blogs in a mostly vain attempt to discover what the heck was going […]
Have a good Thanksgiving from the Bears.
A friend of mine posted this on Facebook: I started to explain it, but realized that the standard usage is wildly screwy and confusing for any normal human, and decided to explain it here instead. The problem is that even in standard economists’ usage, “public” is used in two different ways: 1. “Public” debt: debt […]