I have been quiet about this year’s election, but not for lack of caring. The last few months have been extremely busy for me; to my shame, my busy schedule has meant that I have been silent about what is likely the most important presidential election in more than 30 years, not to mention extremely [...]
I read an interesting article on economic mobility in National Review Online, which got me thinking. The article is good in that it points out some of the statistical challenges in measuring upward mobility. For example, who counts as poor? Who counts as middle class? Are we measuring intergenerational or intragenerational mobility? In acknowledging these [...]
A number of people have asked me lately what I’m reading on economics and the financial markets right now.Â Truth is, I’m always reading such things, and no short list can even come close to covering the variety of material I try to read, from the scholarly and serious (e.g., Posner, Becker, Mankiw, etc.) to [...]
I am glad to live in Texas, and glad I do not live in New York.
Let’s all hope this, at least, does not repeat. It’s a miracle the American Dream has survived this long.
Greg Mankiw’s new post on his personal work incentives is required reading for anyone who wants to discuss taxes in this election cycle. The idea is simple: our tax system uses marginal rates, meaning one rate applies to the first dollar earned and different rates kick in at different thresholds. (That is, unless you’re so [...]
Ouch. Harvard economics professor Greg Mankiw has the bad news, thanks to Bob Carroll
As a math major, law school grad, and economic policy wonk, I’m not sure which aspect of this stupidity by the New York Times horrifies me most. Is it: that people think we do tax at those rates, that some people think we should, that no editor caught the logical flaws before publication, or that [...]
Economics professor Greg Mankiw shares some interesting thoughts, citing Paul Krugman, on why Bush’s tax cuts may result in smaller government in the next administration than we would get otherwise. This is likely true, no matter which candidate wins. Krugman, however, calls this a “poison pill,” a way of sabotaging a takeover or transfer of [...]
I’m officially “getting old”™, as certified by the Younger Sisters’ Institute for Sibling Harrassment®. A quarter century has come and gone… What have I learned? Ten observations, for starters: The Bible has the Truth the earth has too great a rotational speed (think about that one) kids have the best sense of humor Georgia has [...]
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