The business of Indian politics

Raymond Fisman, Florian Schulz and Vikrant Vig have a fascinating new working paper: Private returns to public office, which gives us new insights into Indian politics.

We know that elections in India are typically rather close. There is something almost capricious about who wins and who doesn’t. The random outcome of an election can, . . . → Read More: The business of Indian politics

The Rich Aren’t Necessary

So says Nick Hanauer:

It is astounding how significantly one idea can shape a society and its policies. Consider this one.

If taxes on the rich go up, job creation will go down.

This idea is an article of faith for republicans and seldom challenged by democrats and has shaped much of today’s . . . → Read More: The Rich Aren’t Necessary

The People Have Spoken and Precious Metals Will Soar: Leonard Melman

The elections in Greece and France have shown that in democratic societies the people are the ultimate deciders of how well the best-laid economic plans will work out in the long run. In this exclusive interview with The Gold Report, Leonard Melman, veteran precious metals analyst and publisher of The Melman Report, . . . → Read More: The People Have Spoken and Precious Metals Will Soar: Leonard Melman

Economic Events on May 22, 2012

At 7:45 AM Eastern time, the weekly ICSC-Goldman Store Sales report will be released, giving an update on the health of the consumer through this analysis of retail sales.

At 8:55 AM Eastern time, the weekly Redbook report will be released, giving us more information about consumer spending.

At 10:00 AM Eastern time, the . . . → Read More: Economic Events on May 22, 2012