by Noni Mausa The trace elements of a nation from her blog Tunnel Under Snow A long discussion over on Angry Bear dealt with how economic choices, rational in the short term or in the service of one economic actor, can cumulatively cripple the societies in which these choices are made. Well worth hopping over […]
by Linda Beale Friday Animations–Estate Taxcrossposted with Ataxingmatter[now updated to provide the animation feature–thanks to Steve Cook, at the Cook law firm, available here and Ataxingmatter] Well, not exactly an animation, but Estate tax attorney Douglas A. Cook has a chart on the Federal Estate Tax 2001-2011 (linked from the Wills, Trusts & Estates Prof […]
by Mike Kimel An Economic Theory That Uses Micro Forces to Explain Macro Outcomes: Why the Economy Stubbornly Insists on Growing More Slowly When Taxes are Lower Cross-posted at the Presimetrics blog. I’ve been writing for years about the fact that a basic piece of economic theory does not apply to real world US data: […]
Marty Hart-Landsberg in Monthly Review states the issue of trade policy has a larger context than national economies. Reader juan adds his commentary to Marty Hart-Landsberg quotes (lifted from comments and slightly editied for readability): Most importantly, foreign capital now plays a leading role in the Chinese economy, especially in manufacturing.7 Its activity has transformed […]
by Noni Mausa The Opposite of Survivor I hated the very idea of “Survivor” from the beginning, and happilyavoided seeing any more than a cumulative 30 minutes over the years ofSurvivor shows worldwide. Dropping people on desert islands isn’t the problem. It’s one of theoldest folk and literary stories around, full of danger and learningand […]
Both parties promise ‘economic growth’ in this debate as the way out of our troubles for unemployment and federal deficits. Left out of the discussion currently is the way to actually accomplish this growth in a way that delivers more specifically to voters other than some vague notion of trickle down from a ‘global free […]
Global trade in the slogans of politics and media means outsourcing at the moment, and currency disputes, but a global economy has implications many Americans have not experienced in any large and macro way, and suggests there are other implications to consider: Here are some key paragraphs from an article by Michael Hudson (Hat tip […]
Our colleague PGL offers this take at Econospeak on the new deal this week: Supply-side Economics: Tea Party Style Andrew Leonard covers the opposition to the Obama-McConnell tax deal coming from Tea Party star Michele Bachman. I’m tempted to say that her comments make me feel 30 years younger (with the hesitation that this is […]
Fire and Ice Some say the world will end in fire,Some say in ice.From what I’ve tasted of desireI hold with those who favor fire.But if it had to perish twice,I think I know enough of hateTo say that for destruction iceIs also greatAnd would suffice. Robert Frost Poem hunter Ice (hat tip francis snoot […]