…to the already wealthy, and sets policies to ensure that is true, from tax cuts to capital gains, estate taxes and progressive rates (all favoring the wealthy) to the kinds…

…favor the wealthy–lowering corporate tax rates to half their current level, eliminating corporate tax entirely for manufacturers, eliminating corporate tax on overseas profits that are used to buy manufacturing equipment…

…borrower gives the bank a cushion or the risk of high rates remains with the borrower. (The latter is a bad idea for anyone at risk of being liquidity-constrained.) The…

…ready availability of money, low interest rates, the imbalance, confidence in price stability, confidence in a strong dollar–all that contributed to the excesses and the imbalances to set the stage…

…over 30’ (until of course we started turning 30 in 1976). Did we deserve being called self-absorbed, I daresay we did. But did we deserve the label of ‘selfish’. Well…

William Polley wonders out loud as well: The WSJ Real Time Economics Blog opens a post with this: “Back in 2003, when the Federal Reserve cut interest rates to 1%,…

…agreement yesterday on a five-year, nearly $70 billion tax package that would extend President Bush’s deep cuts to tax rates on dividends and capital gains, while sparing about 15 million…

It’s really hard to kill this meme. Note the label on this graph from today’s Free Exchange post: Now change that heading to read “Business borrowing.” Sort of gives a…

…these countries could not devalue their exchange rates, labor costs had to come down to make their exports competitive. But despite the declines in wages, there has been no corresponding…

…of real output. Crowding out was a new label for what Keynes had referred to as the Treasury View, which Winston Churchill elaborated in 1929: The orthodox Treasury view, and…