Here We Go Again – More Supply-Side B.S.

Supply-Side B.S.

Donald Trump’s tax plan, unveiled Wednesday, calls for massive tax cuts for corporations and the wealthy (i.e. “small business”). He also threw a bone to the “middle class” in the form of increasing the standard deduction from $12,700 to $24,000 for a married couple. All justified in the name of jobs and economic growth. Economist…

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To Slow Global Warming, We Need a Carbon Tax

Trump Environmental Regulations

Over the past two weeks, Donald Trump proposed slashing the budget of the Environmental Protection Agency (EPA) and began the process of gutting environmental regulations. Among the regulations he would roll back are Obama-era restrictions on coal-burning power plants, limits on hydraulic fracking and a moratorium on the leasing of public lands for coal mining….

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It Is Not Rocket Science: Here’s How To Fix Obamacare

Donald Trump meeting with health insurance executives at the White House

What’s wrong with Obamacare?  Is it rising premiums and lack of choice, as some Republicans would have you believe?  Or is it that insurance companies don’t like the increased transparency and competition that comes with health care exchanges? Or, as Libertarians such as Ron Paul argue, is Obamacare just another expensive “entitlement” program that fosters a…

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The Big Picture of U.S. Economy – It’s Ugly

Economic Growth Rates

This is the first of a four-part series, “Fix the Economy, Stupid.” Last week, the unemployment report came out for July.  The U.S. added 255,000 jobs, more than economists had forecast, and suddenly the economy is doing great, everything is back on track, and the Federal Reserve is likely to raise interest rates later this…

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Book Review: Makers and Takers by Rana Foroohar

Rana Fohoohar

… subtitled The Rise of Finance and the Fall of American Business, Rana Foroohar’s book is an in-depth look at the dangers posed by a financial services industry bent on maximizing short-term profits at the expense of real investment in the U.S. economy… Finance and economics are complex subjects.  Throw politics and public policy into the mix, and it…

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