by Mike Kimel Explaining Why Low Tax Rates are Correlated with Slower Economic Growth, Once Again One of the regular mysteries facing economists is why the US economy fails to display evidence of a relationship that everyone seems to accept implicitly, namely that lower taxes lead to (or even are correlated with) faster economic growth. […]
Explaining Why Low Tax Rates are Correlated with Slower Economic Growth, Once Again
“Fear and Loathing” of Wall Street, 2012
by Jeff McCord of The Investor Advocate “Fear and Loathing” of Wall Street, 2012 To-date, the presidential primaries have studiously avoided reference to the unfolding catastrophe brought to the American public just four years ago by the financial services industry. The political issues contested thus far bring to mind Hunter Thompson’s reporting of the 1972 […]
Obama Finally Follows My Advice. Here’s One More Suggestion.
Okay, okay. I know that Obama doesn’t read AB. So I know that his decision, reflected in his speech today at a lunch with Associated Press editors and reporters, to finally—finally—start refuting the Republicans’ economics proposals with actual examples and statistics, was not prompted by my repeated laments here that Obama just doesn’t do specifics, i.e., […]
Supreme Court docket after the hearings on the ACA
The Supreme Court has chosen to be involved in many of the major issues during this election campaign. From the NYT: … the court will hear arguments in a challenge to Arizona’s tough immigration law, and it will soon confront cases concerning affirmative action in higher education and a request to reconsider the Citizens United campaign finance decision. Cases […]
The Best Data on Middle Class Decline (Updated)
by Kenneth Thomas who writes The Middle Class Economist(corrected author name) The Best Data on Middle Class Decline (Updated) The flurry of posts earlier this month on middle class decline (me, Lane Kenworthy, Matthew Yglesias, Kevin Drum) made me think some more about what the best way is to show what’s happened since the peak of […]
Congressman Ryan’s Health Care Booby Trap
by Michael Halasy Congressman Ryan’s Health Care Booby Trap Much has been said about “repeal and replace” it has become almost as much a part of GOP lexicon as “drill baby, drill”. The GOP despite having been supportive of the framework for the ACA previously, wants badly to discredit the administration and claim a victory […]
Obama Spends Millions More Than GOP Campaigns
On spending for the November Presidential elections comes this Associated Press article regarding President Obama campaign: WASHINGTON (AP) — The costly Republican primary has been draining Mitt Romney’s wallet and giving President Barack Obama time to build an expansive campaign architecture with offices in 45 states and hundreds of employees.The bad news for Obama is […]
Medical Billing and Insurance Companies
by Mike Kimel Medical Billing and Insurance Companies Steve Lopez at the LA Times reports on the bizarre calculus of emergency room charges: Debbie Cassettari had outpatient foot surgery to remove a bone spur. She arrived at the surgery center at 8 a.m., left at 12:30 p.m., and the bill came to $37,000, not counting […]