Posts filed under “Taxes and Policy”

More Long Bonds Now!

Every once in a while, there is a way to resolve a host of problems that is so obvious it gets overlooked.

With that in mind, and in light of yesterday’s Federal Open Market Committee meeting and the reaction that followed, let’s have a look at four big problems: crumbling U.S. infrastructure; federal budget deficits;  normalizing U.S. monetary policy; and the shortage of investment-grade debt.

There is a single solution to all of them: Issue more long bonds, preferably 30- or 50- year securities.

Earlier this week, I discussed “The Worldwide Deficit of High-Quality Debt,” so let’s focus on the other three.

Continues here

 

 

 

Category: Really, really bad calls, Taxes and Policy

Time for Janet Yellen to Go On the Ellen DeGeneres Show

This week, the NBC/Wall Street Journal poll on presidential contenders for 2016 came out. It was the usual sort of thing: Favorable versus unfavorable ratings for the candidates: Democrats like Hillary; Republicans like Jeb (but not as much as Dems like Hillary); no one likes Chris Christie or Donald Trump. But you might have missed a fascinating tidbit buried…Read More

Category: Federal Reserve, Really, really bad calls, Taxes and Policy

John Oliver on Infrastructure

America’s crumbling infrastructure: It’s not a sexy problem, but it is a scary one.

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Category: Economy, Humor, Really, really bad calls, Taxes and Policy, Video

Fed Gives Congress Room to Shirk Resposibility

One of my favorite thought experiments is the careful-what-you-wish-for scenario. I was reminded of its utility during Federal Reserve chief Janet Yellen’s Congressional testimony the other day. Consider the critique of the Fed by some members of Congress. As the New York Times described it, the three-hour hearing was “testy” as “Republicans on the House Financial…Read More

Category: Bailouts, Politics, Really, really bad calls, Taxes and Policy

Does front-loading taxation increase savings?

Category: Taxes and Policy, Think Tank

John Oliver on Big Tobacco

Thanks to tobacco industry regulations and marketing restrictions in the US, smoking rates have dropped dramatically. John Oliver explains how tobacco companies are keeping their business strong overseas.

 

Last Week Tonight with John Oliver: Tobacco

 

 

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Category: Humor, Science, Taxes and Policy, Video

The Shrinking American Middle Class

click for interactive infographic Source: The Upshot

Category: Data Analysis, Economy, Taxes and Policy, Wages & Income

There’s Never Been a Better Time to Be Rich . . .

Source: MoJo

Category: Politics, Taxes and Policy, Wages & Income

The Where-To-Be-Born Index

Source: The Economist

Category: Data Analysis, Economy, Psychology, Taxes and Policy

Supersize Ambitions

Source: NY Times

Category: Digital Media, Economy, Taxes and Policy