…for over three decades, it has remained a positive net earner on capital income arising from all those international capital movements in and out of the US. This is mostly…

…in order to offset the declines in consumption and investment. The decreases in public savings can lead to rising current account deficits that offset the capital inflows needed to cover…

Reichtum ist verfügbare Zeit und nichts weiter How it started (Charles Wentworth Dilke, 1821): THE PROGRESS OF THIS INCREASING CAPITAL WOULD, in established societies, BE MARKED BY THE DECREASING INTEREST OF MONEY,…

…is paid out as capital income (dividends, rents and interest) rather than labour income (wages and salaries). Capital income is inherently passive: it doesn’t correspond to work or skill, but…

September Trade Deficit Rises 11.2% to a Record High on Lower Exports of Precious Metals, Oil & Oil Products and Capital Goods, MarketWatch 666, Commenter and Blogger RJS Our trade…

…continued but the pace of foreign direct investment slackened, while the IMF issued a reappraisal of its policy recommendations regarding capital flows to include capital controls as an acceptable macro…

…position on capital account regulation and acknowledged that capital controls could mitigate financial fragility. The IMF’s activist stance was acknowledged by the newly formed Group of 20, which approved an increase…

…capital to labor ratio which was (back in the 19th century) expected to cause a dramatic decline in the return on capital and real interest rates (modern growth theory all…

…tax avoidance. Detailing the source components of the Tax Rate by terminology to include Income, Capital Gains, Corporate, and Estate taxes. The average Tax Rate for the Bottom 50% of…

…vertical, then supply the parts of the stack that incumbent local vendors find too capital-intensive or too commercially unfashionable to build themselves. It is precisely this kind of quiet, sector-specific…