by Linda Beale Gingrich’s 2010 Tax Return: what it does (and doesn’t) tell us In last Thursday’s debate, Newt Gingrich released his 2010 Gingrich Foundation tax return and the Gingrich Joint Tax return. See Kim Dixon & Marcus Stern, Gingrich tax return out, but much remains unseen, Reuters (Jan. 20, 2012); Paul West, Gingrich tax […]
As (mis)conceived by most economists, money (which they confute here with currency) emerged as a solution to the time problem of barter economies: my spinach is ready now, but your apples won’t be ripe for months. How can we trade? Answer: you give me money for my spinach, and I give it back to you […]
In Part I we saw that labor’s earnings have lagged far behind GDP growth. (More on earnings stagnation here) Meanwhile, corporate profits have grown at a rate that, until recently, increased over time, and they are now at a historically high fraction of GDP. Here is a specific look at the Finance Sector. The graph […]
What is a small amount of money ? The extremely excellent Josh Marshall typed We’ve got the first report about Romney’s 2010 taxes. His effective tax rate was 13.9%, just below the 15% he estimated last week. More shortly. 44 minutes ago (eek I just typed “just typed” then noticed the irony). The tiny difference […]
by Linda Beale Romney to release tax returns Tuesday (finally) Romney’s bitter loss to Newt Gingrich in the Republican primary in South Carolina demonstrated that playing the patrician elite above the fray has its limits as a campaign strategy. Romney’s strategists had apparently thought that they could get away with not releasing tax returns–at least […]
by Tom aka Rusty Rustbelt Health Care Thoughts: Evidence Based Medicine Evidence based medicine is one of the center pieces of PPACA (Obamacare) and is generally viewed as THE enlightened way to practice medicine and to direct dollars more effectively. Problem is, there is a “whose ox just got gored” issue. The American Psychiatric Association […]
op-ed by Noni Mausa The Rulers Cannot Take Responsibility At least, not in the sense of crime and punishment. Only in immediate, short term and small decisions can political rulers be unambiguously judged right or wrong, and adequately punished. There is no punishment, however severe, that can adequately balance the potential harm done by one man or a […]
I sent a link to Beverly to this article which stated Citizen United was not so much about corporate personhood. Here is her response, and in addition in a later e-mail Beverly makes this key point (intro amended for readability): …that no constitutional amendment is necessary in order to nullify Citizens United, because Citizens United actually was […]
I never expected to type that. I have great respect for Dean Baker who, among other things, convinced Paul Krugman we were in a housing bubble. He is very smart and writes about important issues. But he has recently written two posts which contain the same elementary error. I don’t want to be rude, but […]