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Exxon’s Profit Report

…stock price by noting that analysts had expected $9.2 billion (not trillion). At one point – Andy Serwer hinted that the difference between reported earnings and what the analysts were…

Milton Friedman on Sarbanes-Oxley

…Sarbanes-Oxley is the biggest problem facing the U.S. economy today, noting that it tells entrepreneurs, “Don’t take chances because down will come the hatchet. We’re going to knock your head…

Buckley v. Kristol on Iraq

…Iraqi animosities have proved uncontainable by an invading army of 130,000 Americans. Glenn Greenwald welcomes Mr. Buckley to the reality based community. Should we praise Mr. Buckley for finally noting

Multinationals and National Income Accounting

…the Introduction noting: Part II addresses a puzzle in Russia’s national accounts. According to official data, the oil and gas sector in Russia comprises less than 9 percent of GDP,…

Tax Policy, GDP Growth, and the Deficit

…posts on this topic provide that excuse. I guess the standard supply-side reply to Kash’s noting that revenues as a percent of GDP have fallen dramatically would run something along…