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
Covering a lot of ground in this Skype interview from World Finance. Check it out. Connection isn’t perfect, which also invokes economics (the Comcast monopoly in northern VA) but that’s a topic for another day.
There’s still much to learn about re the (heart-) breaking news re what looks like a terribly harsh and austere deal to keep Greece in the eurozone, but this ‘graf from the NYT story is, if not unexpected, really unfortunate: But any easing of Greece’s debt repayment obligations would not include something Greece had previously made… Read more
PK correctly reminds me (as did a commenter) that in fact, Manhattan did bail out Texas. But my key point (really, the key point of the German economist who made this argument to me), as Paul notes is this: But of course Manhattan was never asked to bail out Texas; we had a national system… Read more
A quick note before I head to the beach to try to simultaneously relax and avoid being eaten by a shark. I apologize if my last missive for a few days is a touch on the depressing side. I and others, e.g., Krugman, Stiglitz, Steve Waldman, have advocated for pragmatic solutions to the Greek debt… Read more