1/24/12 Links worth noting by Linda Beale: Germany rejects Swiss banking secrecy deal; Labor Devaluation David Jolly, German Lawmakers Reject Swiss Tax Deal, New York Times (Nov. 23, 2012).The US and other countries like Germany have been pressing the Swiss on their bank secrecy, which allows U.S. and other foreign citizens to establish bank accounts without […]
I’ve been reading Steven Johnson’s The Ghost Map, about the London cholera epidemic of 1854, and one passage reminded me exactly of today’s economics discipline. The sense of similarity was heightened because I also (instigated by Nick Rowe) happened to be reading Mankiw’s micro textbook section on the rising marginal cost of production — a […]
Congratulations Bill. Joe Weisenthal at Business Insider offers some hyperbole in The Genius Who Invented Economics Blogging Reveals How He Got Everything Right And What’s Coming Next, but also offers well deserved praise for Bill McBride and Calculated Risk. Paul Krugman in the NYT posts All Hail Calculated Risk and praises Bill’s work as well. Bill […]
by Linda Beale Karl Rove on the so-called “fiscal cliff” In a video interview available from Dow Jones/Wall Street Journal, “Karl Rove Doubts a Fiscal Cliff Deal Will Get Done” (Nov. 20, 2012), Karl Rove’s pre-Thanksgiving news to the world is exactly what one would expect from one of the most successful GOP strategists. He […]
by Robert Waldmann Everything is possible and I think that Dean Baker just lost a debate with a Washington Post reporter. Post reporter Zachary A. Goldfarb wrote The two economists compared what happened in U.S. counties where people had amassed huge debts with those where people had borrowed little. It had long been thought that […]
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.