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Bernie Sanders Draws the Line on Health Care

…that ordinary legislation or amendments thereto should require a 60 vote super-majority to move to a vote. But the filibuster exists and the majority cannot deny the minority some opportunity…

Taxes for States in Trouble?

…tax liability for the “super-rich”, since they are ordinarily in the highest tax brackets so their AMT calculation is still less than their regular tax liability.) Yet the patch is…

Soak the Rich: A non lesson from Europe.

…It is just not possible to enforce high tax rates on them. In the USA the vaster majority of people are employees including the vast majority of the super rich….

Money Metric Welfare and "Economic Efficiency"

…this is based on the fact that a change can have positive EV even though it only helps a few super rich people and hurts everyone else. OK just because…

Despair lifting

…means to an end. But I have reason to think that unlike the Bushies, they don’t really believe it; it’s just politics. Now the double super secret deepest background conversation…

Against Liquidity Keynes Himself Contends in Vain

…to sale such as the lack of common standardization (and subsequent need for costly negotiation and legal review) that ISDA has helped remedy. (notice this is a super top secret…

Fiscal stimulus and leech

…the faint of stomach). I know the link isn’t super convincing, but I know this from many sources and my stomach isn’t up to more googling. So think of Fama…

Fixing Monopolistic Utilities

…but prediction markets would allow outsiders to bet if the rates were right or wrong. SUPER! Addendum 2: It would cost $1-5 billion/year to bring coal waste sites (ponds and…

What I really think about Finance

super smart highly trained trader is driving asset prices away from fundamentals. Thus I think honestly reported legal trading strategies are, on average, worsening the quality of the signals financial…