Archive for the ‘Economic Growth’ Category

Pushing back on “quarterly capitalism” and incentivizing more investment

July 21st, 2015

Interesting news out of the HRC campaign yesterday. They’re considering tweaking the capital gains tax rate schedule to incent more patient holdings and push back on what they call “quarterly capitalism.” Though they haven’t formally announced anything, they’re talking about raising the top rate on assets held for the medium term from its current 24%… Read more

Austerity arithmetic: the dreaded r > g trap.

July 19th, 2015

I’ve got a piece out in PostEverything on a lesson we should learn from some arithmetic embedded in the Greek debt crisis. Basically, I point out that when the interest rate a country must pay to service their sovereign debt is consistently and significantly above their growth rate, their debt/GDP ratio just keeps growing. In… Read more