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

Tax Policy Center* Says Romney Lies

Mitt Romney proposes reducing tax brackets by 20% and cutting the estate tax (to zero IIRC). He will keep or expand favored treatment of capital gains and dividends. He claims that he doesn’t plan to cut taxes for the rich. He claims that he will avoid such cuts by eliminating deductions, credits and exclusions. One […]

Corporate/shareholder value, energy market and global warming

Updated: Renewable Germany bailing out Nuclear France   I just read the following in an article by a Mr. Bill McKibben and thought it to be an interesting perspective on why climate change/global warming is being so vigorously denied. If we spew 565 gigatons more carbon into the atmosphere, we’ll quite possibly go right past […]

Screw Austerity, I have a new theme song

by Daniel Becker Being that we’re about to experience austerity because we are convinced we can’t spend money properly such that we actually end up with more after rather than less …  which is very depressing to me and defeatist in presentation, I present my new theme song:  That’s how it goes. I just find […]

Not Scarcity, But Surplus is the Problem

Not Scarcity, But Surplus is the Problem (Just as Dismal, though) by Noni Mausa, lifted from comments at Economist’s View They were discussing scarcity last week at Economist’s View. But to my mind scarcity isn’t our core problem. I wrote (and then edited a bit for this post): ======= Yes, scarcity of resources is fundamental […]