Lawrence Lindsey on TDS
By Barry Ritholtz - February 4th, 2009, 6:15PM
Lawrence Lindsey says we need to cut taxes on workers and give homeowners a break.
"While money doesn't buy love, it puts you in a great bargaining position." —Anonymous
Macro Notes
US$ rally continuesPeter Boockvar
Asian currencies continue to sell off vs the $ on the heels of the news yesterday that South Korea said they will look into hot money inflows stemming from the $ carry trade and the Bank of Indonesia said they are looking into the foreign buying of bills. This follows the news a few weeks ago that Taiwan was limiting foreign deposit holdings and Brazil was taxing foreign inflow transactions. As I mentioned yesterday, we may have reached a short term pain threshold in terms of $ weakness and foreign countries are fighting back as they certainly won't wait for...
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February 4th, 2009 at 7:56 pm
Many users have problems viewing the videos at TDS (there are nearly 30 pages of problems/complaints on one of their forums). The link did not work for me (as expected).
So here’s the Hulu link.
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Mon, Feb 2, 2009
The Daily Show with Jon Stewart
Season 14 : Ep. 17|21:41|
Former National Economic Council Director Lawrence Lindsey gives Jon his two cents on Obama’s stimulus plan.
(look about 11:25 in):
http://www.hulu.com/watch/55851/the-daily-show-with-jon-stewart-mon-feb-2-2009
February 4th, 2009 at 11:15 pm
giving tax breaks won’t do anything, people will just shove the extra money under their mattress, anyone who expects the velocity of money for tax breaks to be above 1 is crazy
February 4th, 2009 at 11:49 pm
haileris @ 11:15
“people will just shove the extra money under their mattress”
Yes, that may be true. But I don’t understand why improving household balance sheets is such a bad thing. Nor do I really understand where the opposition (among ordinary people) is coming from. A cut in the payroll tax is going to benefit everyone making less that $100K. Why would anyone who is making less than $100K want to have a lower standard of living, if they could have a higher one? (Having more money in the bank is, IMO, encompassed by the term “higher standard of living”).
February 5th, 2009 at 12:09 am
The problem with tax breaks is that it only applies to those who are working (or pay tax). What about the people without jobs?
February 5th, 2009 at 12:47 am
Jojo99 @ 12:09
Stop giving money to the banks; at the same time, give more money to the unemployed. Enough for them to get by, but not so much as to encourage people to quit their jobs.