Tag: The Economy

  • Journalism =/= Mathematics

    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…

  • Starve the Beast

    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…

  • Killing the Economy – One Drop at a Time

    Thankfully, the Republican party, for all its failings in the last few years, has still some concept of fundamental principles of economics. The Senate blocked a windfall profits tax on oil companies, a tax much like many of the taxes that prolonged the Great Depression in America long past its end elsewhere. Thank goodness for…

  • The Decline of Airline Service

    Delayed again? Want to know why? Professor Becker and Judge Posner have the economic and legal takes on the problem – something to read while you’re stranded at O’Hare or Podunk Regional.

  • Grilling Oil Executives

    I am, I admit, a paleocapitalist and (mostly a) paleoconservative. That said, I do not think oil company executives – or any other corporate executives – should have to defend their company’s profits, unless illegally gained. For that reason, this meddling strikes me as ridiculous. Lest we forget, oil is among the most volatile and…