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What more can the Fed do ?

…is the cost of capital to firms, not the cost to the Treasury. Here I think an important problem might be the cost of capital to firms with poor bond…

Carried Interest: prospects?

…would provide a rate between the capital gains preference and ordinary rates, or a provision that would apply the capital gains rates for gains from investments that the partnership holds…

Reversed Psychology: Tax Cuts and Work

…tax on capital gains as a tax on capital and so a disincentive to invest. The historical reality generally shows the exact opposite, the higher the tax the more you…

Watch What I Do…..

…that just couldn’t be managed under the constraints on the current tax burdens on repatriated cash. Repatriation, on the other hand, was supposed to lead to an increase in capital

Name Dropping

…net US capital income was still positive. Krugman said (and I quote from memory) “well you have to consider that the reason that we have a higher return on our…

Blame Basel II

…you get to Standardized Approach (Credit Risk) and you will find a candidate for the source of the trouble. There are capital requirements by type of debtor and then as…