by Bruce Webb Something has been bugging me. Why is it that the same people that indignantly claim that a requirement for people to show proof of insurance is unconstitutional but that it is perfectly fine, nay imperative that people show proof of citizenship or legal residency? Exactly where in the Constitution does it give […]
by Linda Bealecrossposted with Ataxingmatter To extend or not to extend, Pew (do you) Trust The Pew Trust has published a study of the cost of extending the Bush tax cuts: Decision Time: The Fiscal Effects of Extending the 2001 and 2003 Tax Cuts. As surely all ataxingmatter (and Angry Bear) readers are aware, the […]
by Mike Kimel The Fundamental Difference Between Scott Sumner and Me So Scott Sumner responded to my latest post. There’s a lot I disagree with, and I was all set to start responding point by point when I had an epiphany: essentially this all comes down to a difference in how we look at a […]
Martin Ford points us to an ongoing concern as our economy changes: Structural Unemployment and Technology Previously, I’ve argued here that job automation technology might someday advance to the point where most routine or repetitive jobs will be performed by machines or software, and that, as a result, we may end up with severe structural […]
by Mike Kimel Sumner is Now More Wrong So there’s a a response from Sumner to my critique of his earlier post. And he clearly doesn’t get it. Again, I’ll focus on the low hanging fruit, but this time I’ll try to simplify a bit more. First comment here: Um, no you don’t want to […]
I decided to look at the Scott Sumner blog post that Mike wrote a couple of days ago and again today. The objective of the Sumner post was to disagree with Paul Krugman and others about a break in trend in US economic growth because of the Reagan revolution. But rather than look directly at […]
by Linda Bealecrossposted with Ataxingmatter More on Carried InterestAs most ataxingmatter readers know (Rdan…and Angry bear readers), there is currently under consideration in Congress legislation that would extend some of the Bush tax breaks and in return pay for those extensions by taxing service partners’ profits interests at ordinary income rates (or, under one version […]
by Bruce Webb Eric Laursen in his post Cato Premieres its Latest Horror Show points us to a new book forthcoming called ‘Social Security; A Fresh Look at Policy Alternatives’ by senior Cato fellow Jagadeesh Gokhale. Gokhale along with his oft-time collaborator Kent Smetters seems to be the father of ‘intergenerational equity’ and lead advocate […]
by Beverly Manncrossposted with The Annarborist The Necessary and Improper Clause? “Is it possible that most of us haven’t noticed that the Supreme Court has just handed Congress broad authority to detain people merely because they show signs of future dangerousness?”—Dahlia Lithwick, “Detention Slip: The Obama administration wants to hold terrorists. Did SCOTUS just give […]
Robert Waldmann I think it is not clear to all readers why I assert that in the simplest possible model of financial markets all agents will invest proportionally in all tranches of all CDOs. I’m not sure I can present even the simplest model in plain ascii. Also the model is very simple and you […]