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| | libertarianinstitute.org
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| | Establishment Democrats have long whined that working people pay a higher rate of combined income and payroll taxes than billionaires. They're not wrong. Income from labor is taxed three times (payroll taxes, income taxes, and inflation) while income from capital is taxed only once (capital gains). In America today, capital...
| | www.conradbastable.com
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| | surplusenergyeconomics.wordpress.com
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| | THE COMING FINANCIAL CRASH One question, above all others, has dominated our recent discussions here. This is the issue of whether the financial system will fracture as the underlying real or material economy inflects from growth into contraction. Has some kind of chaotic reset either contractionary or hyperinflationary become inevitable? Are we
| | afinetheorem.wordpress.com
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| Fantastic and well-deserved news this morning with the Clark Medal being awarded to Emi Nakamura, who has recently moved from Columbia to Berkeley. Incredibly, Nakamura's award is the first Clark to go to a macroeconomist in the 21st century. The Great Recession, the massive changes in global trade patterns, the rise of monetary areas like...