by cactus Obama, Bush, and Mankiw: A Look Taxes, Spending, and Bull#@% in the Great Recession This post serves as a quick follow-up to my previous post on real GDP per capita growth and the tax burden. Let’s start with a few facts…. not random opinion, but facts. 1. The “Great Recession” began in December of […]

It’s coming closer: Once the tax expires, those inheriting estates after Dec. 31 will have to pay capital gains taxes on any asset sold. The cost will be based on the original price of the property, which could mean record-keeping headaches and bigger tax bills for some people. “If we do not extend our estate […]

Hat tip to Glen Greenwald for following this case and today’s presentation for Mohamed v. Jeppesen and Ben Wizner’s oral argument at the United States Court of Appeals Ninth Circuit. Slate’s Dahlia Lithwick also offers comment.____________________________________ Today marks the beginning of testimony for a jobs policy hearings in the Senate as well.____________________________________

Does anyone know how to save a word into Blogger’s dictionary? I’m really getting tired of ignoring its questions about “DeLong,” “Krugman,” and “Bernanke.”

I don’t pretend to know Joe Lieberman’s motivation, but it’s working to perfection if his goal is to divide Party leaders (Obama, Reid, etc.) from the Democratic progressive base. I don’t remember seeing this level of outrage from movement progressives before, and I wonder if the only possible way to quell it is to secure […]

by Tom aka Rusty Rustbelt Health Care Provider Taxes An under-the-radar tax funding scheme is the prevalence of health care providers taxes. Our most current information indicates 44 state have some variation of a provider tax (in addition to various schemes to use or misuse tobacco settlements allegedly earmarked for health care spending). Most of […]

Alan Greenspan: The U.S. Federal Reserve has done all it can do to reduce unemployment and needs to worry more about the risk of inflation from the stimulus it poured into the economy, former Fed Chairman Alan Greenspan said on Sunday. But didn’t we just Get All That Money Back? [link added] Greenspan’s reason unemployment […]

Following up on this post, a 4-week auction over year-end (PDF) that sold at 0.00% interest, with a coverage ratio of 4.4:1. (Yield unchanged from the previous week, and the week before that.) Who could see Looming Inflation in this? See next post.

Via alea‘s Twitter feed, the Office of the Comptroller of the Currency—the people who were specifically selected by the company to regulate AIG—has launched a Financial Literacy campaign. (Full disclosure: I have, in the past, had discussions with the OCC. I won one and lost one.)

I urge everyone to Go Read Garth. And then you will understand that Economics is The Science of Supporting the Status Quo and Stifling Innovation, as Steve Jobs (h/t Patrick) noted several days ago.