Bush considering to a tax hike for most Americans?
Isn’t that what a revenue neutral flat tax or a national sales tax implies, particularly one that exempts investment income from any taxation? (as Cheney reportedly is pushing). In all honesty, it is...
View ArticleOptimist or Ostrich?
For those who want dispassionate economic analysis devoid of politics, read no further. Wait for my next dollar post. This is a center-left response to the Lexington column in this week’s Economist. It...
View ArticleDamaged Snow
If you were John Snow, would you stay knowing that you were at best the President’s second choice? Do DC’s conservative activists really value tax cuts more than financial stability? And does their...
View ArticleA modest proposal of my own
My modest proposal: anyone writing about Social Security should have to pass a test demonstrating that they have read the Social Securities trustees report, and understand the basic dynamics of a...
View ArticleAre all beneficiaries of trade diffuse and unorganized?
DeLong argues that the beneficiaries of trade – both of the conventional goods for goods trade and the new goods for IOUs trade – are diffuse, and often don’t even realize how much they are benefiting...
View ArticleThe Davos lie
I am intrigued by a comment the often provacative Larry Summers made at a Davos seminar: Lawrence Summers, the former U.S. Treasury Secretary and Harvard University president, delivered some harsh...
View ArticleAre Americans still Anglo-Saxons?
So asks Arthur Goldhammer, who somehow manages to find time to track the latest US polling data as well as Nicholas Sarkozy’s latest romance and the latest French debate on the euro’s global role. The...
View ArticleWhat do the US, Saudi Arabia and China have in common?
What does the US have in common with two of its most important creditors? One answer: all have a significant population worried about how to make ends meet right now. China exports a ton of goods, but...
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The changing balance of global financial power
Not only do we live in a new “age of authoritarianism,” but we live in a world where autocratic governments increasingly finance democratic governments. Consider a chart that shows the increase in the...
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The US doesn’t name China a currency manipulator
This wasn’t exactly a surprise, despite Secretary Geithner’s comments in January. The US made a large global stimulus — and a larger IMF — its priority in the G20, not exchange rate reform. Moreover,...
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