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

Brad DeLong and THINGS WRONG WITH HASSETT, HUBBARD, MANKIW, AND TAYLOR, "THE ROMNEY PROGRAM FOR ECONOMIC RECOVERY, GROWTH, AND JOBS"

Brad DeLong offers a long post on economists on the Romney team. THINGS WRONG WITH HASSETT, HUBBARD, MANKIW, AND TAYLOR, “THE ROMNEY PROGRAM FOR ECONOMIC RECOVERY, GROWTH, AND JOBS” Notes on HHMT: Kevin Hassett, Glenn Hubbard, Gregory Mankiw, and John Taylor, “The Romney Program for Economic Recovery, Growth, and Jobs” HHMT: We are presently in […]

Guest post: Greg Mankiw doesn’t understand competitio​n for investment

by Kenneth Thomas of Middle Class Political Economy Greg Mankiw doesn’t understand competitio​n for investment Greg Mankiw’s column in Sunday’s New York Times makes the case that competition between governments is a good thing, that it makes them more efficient in the same way that competition among firms does. He paints it as also being […]

Greg Mankiw attempting to justify carried interest

by Linda Beale Greg Mankiw attempting to justify carried interest Greg Mankiw wrote an op-ed in the Sunday Times Money section: Capital Gains, Ordinary Income and Shades of Gray, New York Times (Mar. 4, 2012). Mankiw notes the historical trend in the US to differentiate between capital gains and ordinary income regarding tax rates (though […]

CORPORATE TAXES AND INVESTMENT

Yesterday in the New York Times Greg Mankiw — a professor of economics at Harvard, an advisor to the governor of Massachusetts, in the campaign for the Republican presidential nomination and a former Chairman of the Council of Economic Advisers under president Bush — had a column in which he argued that a cut in […]