…in exchange for services.” Willis & Postlewaite, Partnership Taxation, 6th ed, at 4-124. There is some case law about profits interests, but those cases made it even less clear how…

…for Goldman Sachs. The Justice Department closed a criminal investigation of the firm and its chief executive, Lloyd C. Blankfein, and the firm disclosed that the Securities and Exchange Commission…

…is, when economists argue about the correct stance of policy, who should we (policymakers, commentators, and the general public) listen to? This question was prompted by a recent exchange I…

…bonds, these investors would have pounds that most probably they would want to get rid of by selling them in the foreign-exchange market. The price of the pound would drop…

…years 1999-2011, intra-EA gains from the fixed exchange rate regime within the EA have been lopsided toward Spain, Portugal, and the Netherlands. (Note: for consistency, I use the EA 17…

…particular issue, I want post as part of the main post a Comments Section exchange between reader MC and me. Here it is: MC: I’m confused. Does owning horses or…

…companies that specialized in moving jobs overseas in exchange for promises by German and Japanese companies to open, or keep, factories in this country—Yglesias’s equivalency argument might be less ridiculous….

by Tom aka Rusty Rustbelt Health Care Thoughts: Crazy like Foxes? Several governors are announcing they will not begin building the state health exchanges required by PPACA (Obamacare). Some of…

…about it? …Those who think that Germany has been a winner with the euro almost always rest their case on Germany’s export surpluses. The euro created stability; it eliminated exchange…

…over valued Mediterranian and Irish (or Catholic and Orthodox) Euro. We need one more flexible exchange rate somewhere between them and the Sea. If Greek politicians so much as mention…