No Matter How You Look at It, the Big Beautiful Bill is a Monstrosity
Here are three views of the bill's horrific distributional consequences.
The Heritage Foundation, a conservative think tank, has a website that purports to present evidence that the wealthiest group of Americans historically pay more taxes than middle- or low-income folks. Their sources include the U.S. Treasury Department, the Office of Budget and Management, and the Ce
During the course of a single day, a stock can go up and down frequently. These changes supposedly reflect the changing demand for that stock (and its potential resale value) or changing expectations of a company’s profitability. But this seems too vague to me. How can these factors be so volatile?
The Federal Reserve keeps fussing with the “discount rate” and everybody thinks it’s important. This is, if I understand it right, the rate banks charge each other for overnight loans. Now presumably someone makes money on the interest that’s charged and someone loses money (or makes less) when the
I am trying to figure out what propels corporations toward a compulsive expansion. I can think of the following: 1) Competition with domestic and foreign rivals; 2) need for markets; 3) need for raw materials; and 4) advanced technology requiring greater investments and thus greater profits. Would t
As Bush's handpicked commission on Social Security grapples with the details of diverting Social Security revenue into private
So extravagantly has the media been lauding Alan Greenspan, one would almost think he had been nominated for sainthood rather
A fundamental demand of many of the Seattle anti-WTO protesters is that trade agreements embody enforceable labor rights. Officials from
Since the 1980s, American workers have been paying more into the Social Security system than retirees are taking out. These
First, the bad news. The 1990's bull market, with its stratospheric stock prices and double-digit annual returns, was