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Tag Archives: politics

Wealth Taxes

There is an interesting discussion among smart, expert, thorough economists about wealth taxation. It is clearly stimulated by Warren’s proposal to tax wealth. Gabriel Zucman, Roger Farmer, and the much less famous but also super smart Noah Smith are debating the issues. I’m sure AngryBear readers can benefit from their discussion (to which I don’t link cause I just saw one tweet). I am also sure that it will be a waste of time to click “more” and...

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Plastic: Part of the Problem . . . Part of the Solution – Part 2: the European Union’s Solution

As you can read for yourself, this is the second part  of the series. This part will introduce the EU’s proposed solution to plastic waste material of which Sesotec is to be a part of the solution. Since I am using Sesotec’s information, I will be stating their name as owner’s of this information from time to time. Some 70 years after the first plastic products hit the market, a world without plastic waste still appears far off. We need a different...

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SECURE Act Up for Consideration in the Senate – A Rehash

I covered the House SECURE Act and the Senate RESA version last July. The House RESA Act is up for consideration in the Senate now. It does not look like it is going to make it due to the impeachment process going on and a potential trial in the Senate. There is also a small matter of a budget needing to be passed. It was to be considered under an unanimous consent vote; however, three Republican Senators (Mike Lee of Utah [unidentified reason], Ted Cruz...

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Italy to make climate change study compulsory in schools

Reuters: Italy will become the first nation to require all schoolchildren to study climate change and sustainable development. Education Minister Lorenzo Fioramonti of the anti-establishment 5-Star Movement: “The entire ministry is being changed to make sustainability and climate the center of the education model. All state schools would dedicate 33 hours per year or almost one hour per school week to climate change issues from the start of the next...

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Big data helps monopolies, not you

by David Zetland (originally published at One handed economist) Big data helps monopolies, not you Economists say competition in markets rages from “perfect” (no company can charge a price over cost without losing 100% of its customers to another company) to “monopoly” (one company sets prices to maximize profits). Two caveats are important. First, the monopolist doesn’t charge as much as possible but whatever maximizes profits. There might be a lot of...

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Hitting the wall

It is 2.30 am, and I can't sleep. Today I must file my final piece for American Express's FXIP blog, which is being mothballed. Writing for that blog has been my main source of income for the last four years. Once it is gone, my income will once again become precarious and inadequate, as it has been all too often in the past. Hence my sleeplessness.To be perfectly honest, I'm not sorry that the blog is closing. I've done some interesting work for it, and learned a lot. And it has been a...

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Hitting the wall

It is 2.30 am, and I can't sleep. Today I must file my final piece for American Express's FXIP blog, which is being mothballed. Writing for that blog has been my main source of income for the last four years. Once it is gone, my income will once again become precarious and inadequate, as it has been all too often in the past. Hence my sleeplessness.To be perfectly honest, I'm not sorry that the blog is closing. I've done some interesting work for it, and learned a lot. And it has been a...

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Is Venezuela Stabilizing?

Is Venezuela Stabilizing? Maybe. It looks the inflation rate in Venezuela maxed  out in January at an annuualized rate of 192,000 % , whiich fell by September to 4,600% rate, still in hyperinflationary teritoryy, but  clearly coming down substantially.  I am not  a fan of this regime and never was, unlike some prominent economists saying nice t8ings about their economic performance, especially back in 2007, just before  the  world crash, when indeed...

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What quid did the president quo and when did he quo it?

What quid did the president quo and when did he quo it? Aside from the headline news about a July 26 phone call, I learned four big things from the impeachment inquiry hearing this morning. First, the specific corruption surrounding Burisma Holidings had to do with self dealing by company founder Mykola Vladislavovich Zlochevsky — issuing oil and gas licences to his own company when he was Minister of Ecology and Natural Resources. In other words,...

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A simple Hayekian test for conservatives

(Dan here…Eric will be posting some of his work.  He has read many econ blogs but has not published in the econ blogosphere.  He is experienced otherwise…welcome  Eric.) Bio for Eric Kramer I am an economist and lawyer by training and I am currently writing a book on political economy and the role of government.  The book defends the liberal idea that government should actively regulate markets to promote efficiency and to ensure that opportunity and...

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