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Joined the GE Capital Board in 1997

…during the financial crisis. In 2009, GE Capital’s losses were so large that it company overall lost money on its U.S. operations. GE’s federal taxes, Immelt said, would rise as…

C+I+G+T

…economists should look at this. But anyway, the theory was that it is OK to run a large trade deficit and import capital from abroad if the foreign capital is…

Defending Schumpeter from Krugman

…the build up of an excessive capital stock then a recession with low investment until the aggregate capital labor ratio is brought back down due to depreciation, population growth (Solow…

You say you want a Resolution ?

…institution.” Hints at a definition. 2) Build up capital during good economic times. Look ahead and account for losses during downturns (cyclical capital requirements ? YES for “stystemic” firms) in…

Mankiw and Wm. Randolph CBO report

…concluded: “Replacement [of the corporate income tax] by a tax on the worldwide capital income of domestic residents–a tax that achieves capital export neutrality–shifts the entire amount of domestic labor’s…