…incomes double, is unnecessary. Max noted that if the marginal utility of private goods (P) also exhibit diminishing marginal utility, then a strong case for a progressive tax system follows….

…growth both before and after the 2000-2003 dip was around 6 to 7%. Then, in 2006, household debt growth and GDP growth both started to slump, and in 2008 took…

…Eurozone has the real interest rate we need. But the Eurozone suffered a severe recession, currently has extremely high unemployment and appears to be headed for a second dip. I…

…dip in the 90s, but if we want to posit that, based on history, it was an at-least-necessary cause of the crash, we have to ask: why, in this case,…

…points over time, leaving out WW2. The second traces the low points, assuming the collapse from 1929 to 1932 and the post-WW2 drop are special cases. (That huge dip from…

…high or that it will grow slowly (or there will be a second dip) so returns are low. Firms are assumed to be risk averse. Partly this is due to…

…us ignore the fact that the economy really took off after 1938, and assume that the growth rate from 1932 to 1938 (the one dip during the New Deal era)…

…this article comes a report from the Financial Times, “Economic Fears Rise as House Prices Dip”, documenting how UK house prices have began to fall for the first time in…

…2010, and it will probably not dip below 9 percent until 2012. and note that if we’re calling that a recovery, our definitions have become Very Generous. So bold claims…

…the current Congress is hell bent on massively raising taxes in 2011, we are likely to dip back into recession by then, if not before. Remember, taxes have a multiplier…