Relevant and even prescient commentary on news, politics and the economy.

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SCOTT SUMNER II

…I wonder if he is even aware that economic historians label the 1870’s as the “Long Depression”. I find it really amusing that he so proud of what others call…

…teaches various courses in the area of federal income tax, such as introduction to federal income tax, corporate taxation, partnership taxation, international taxation and perhaps in the future a course…

Tri-Committee Health Care Bill Deficit Neutral

…released early Saturday morning still puts the matter as follows: Yesterday CBO released a preliminary analysis, conducted with the staff of the Joint Committee on Taxation (JCT), of H.R. 3200,…

Warren Buffet’s annual letter to shareholders

…purchasing companies] were known as “leveraged-buyout operators.” But LBO became a bad name. … Their new label became “private equity,” a name that turns the facts upside-down: A purchase of…

Paul Volcker Feb.20

…other part of the financial market. So you have a two-tier financial system, and then you have a series of issues that I would put in a general label of…

Real world business for the economic buffs

…white label website development. A local flower shop is considered a retail business. This is true but, it is also a manufacturing business. The design of your shop’s storefront is…

Ms Parker, Mc Cain, Party and Honor

…the past several months: hope and change. In the end, did Ms. Parker know she was so prophetic? That’s potent medicine. It also should come with a warning label: “May…