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Sensible Tax Reform

and off of short-term capital, and place it instead on long-term capital accumulations. If this reduces the investment in fixed capital that is desired for other reasons — in particular,…

Bipartisanship and "Temporary" Payroll Tax Holidays

…scrapping the payroll tax altogether and replacing the lost revenue with a package of levies on things that, unlike jobs, we want less rather than more of—things like pollution, carbon

Trade and Development

…many countries, trade liberalization was accompanied by deregulation of the domestic financial system and capital-account liberalization, giving rise to a rapid expansion of international capital flows. International finance gained a…

Trade in the national accounts

I though a little different perspective on the impact of trade on the real GDP accounts might be interesting. The first chart is of imports market share, or imports as…

Trade deficit

rdan Calculated Risk reminds us: …U.S. trade deficit, with and without petroleum, through July. The blue line is the total deficit, and the black line is the petroleum deficit, and

Looking for an Angry Bear on world trade

Angry Bear is looking for an economist or other bright mind (no jokes please…well, some anyway)) to help us keep the issue of trade, trade policy, WTO, trade deficit/surpluses in…