19 posts categorized "Economy"

February 20, 2017

Is Border-Adjustment the Answer to Broken US Corporate Tax Structure?

The US corporate tax system combined with globalization turns free trade into unfair trade (see last post). Profits domestic companies make overseas are not taxed until they com More...

February 17, 2017

The US Corporate Tax Structure Is an Incentive to Send Jobs Abroad

The way the US currently taxes corporate income is toxic for American workers when coupled with globalization. It turns free trade, which I think is a good thing, into unfair trade. It is a bizarre structure which only its parents – lobbyists and those corporations which benefit from it – could l More...

January 05, 2017

Natural Gas and “Fugitive Emissions”

Why are people who are passionate about saving us from the perils of global warming often found in opposition to natural gas drilling and pipelines?

If you’re worried about global warming and think we need to do something quickly, you should love natural gas. It emits 50% less CO2More...

January 03, 2017

How the Fed and Dodd-Frank Killed Jobs

Every economist worth her or his salt has a theory about why the great recession was followed by a nearly jobless recovery. Historically, lots of jobs are created in a surge when the economy is recovering; didn’t happen this time; many people left the work force and never came back.

I’m n More...

January 23, 2012

Could Romney Give Us Tax Reform Without Even Getting Nominated?

The President's own National Commission on Fiscal Responsibility and Reform recommended a much flatter tax structure and elimination of most tax deductions and credits in More...

January 13, 2012

Decline in Banking and Government Sectors Good for the Economy

We need government and we need banks; but we don't need government to be as big as it's grown and we don't need banks which are too big to fail. When sectors like government or banking grow out of proportion to the benefits they bring, the economy as a whole suffers from a misallocation of resour More...

December 26, 2011

The Inconvenient Recovery

The US economy is improving. This improvement is inconvenient for both major political parties so it isn't getting much attention or credit. The improvement is slow – but might be faster if it got the recognition it deserves since improvement depends on consumer and business confidence.

Th More...

December 01, 2011

Another Day, Another Bank Bailout

The US Federal Reserve along with other central banks is making it easier – i.e. cheaper – for European banks to borrow US dollars. In other words we're giving the banks a gift of the half percent discount in interest rates the fed is financing. The action is cloaked in the usual rhetoric abo More...

November 15, 2011

“Too Big to Fail” Assures Bigness – and Failure

Reader Bobsv57 asks:

"Tom, a question for you. I am under the impression that most, if not all, of the money used to bail out banks has been paid back with interest and it is actually the money used to bail out GM that hasn't been returned. Am I correct in this observation? More...

November 02, 2011

When Regulation Is Justified

My last post recommended draconian regulation for bailed-out banks and some regulation of all banks which accept federally insured deposits. Reader Lupus Nomen pointed out an apparent inconsistency in a More...

Blog powered by TypePad
Member since 01/2005