Over at the WaPo. There’s a lot more to say about this point about how we’re going to need more, not less tax revenue in the future, than I had space. A few points that ended up of the edit-room floor. –Larry Summers has stressed, the relative prices of the things government buys–health care, education–are… Read more
…against those who would block it. There’s this seemingly obscure vote tomorrow in the House Financial Services Committee that would set up a serious road block to the implementation of these important, new standards for financial advisers. Lily Batchelder and I sound the warning, over at the NYT.
I don’t have time to do this justice, but “Oy!” is Trump’s new tax plan a mess! Let me put it this way, ala The Princess Bride: This “taking on the hedge fund guys” and going after the “outrageous” tax breaks enjoyed by millionaires. I don’t think it means what you think it means. The… Read more
Last week, Fed chair Janet Yellen delivered an important speech on how the Fed thinks about what has surfaced as one of their biggest challenges: understanding inflation dynamics. As you’d expect from Chair Y, it’s a (mostly) thoughtful and interesting exposition of the problem, which in no small part is a collapse of the Phillips… Read more
And Jon sayeth unto the multitudes: “The best defense against bullsh__ is vigilance. So if you smell something, say something.” This admonition came to mind, if not to nose, when I heard Fox’s Bill O’Reilly claim that the Affordable Care Act “has made it more difficult to create full-time jobs in America,” (around 2:30 in the… Read more