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

Should government put fresh equity capital into State Bank of India?

The discussion about State Bank of India (SBI) has treated one proposition as a given: that it is the job of the Ministry of Finance to continually inject capital into SBI so as to enable the growth of the SBI balance sheet; that SBI has a legitimate claim upon fiscal resources at all times.

. . . → Read More: Should government put fresh equity capital into State Bank of India?

Demographics and Macroeconomics – Part 1

Blog post series, like the vuvuzela, is the new bacon; it works with everything and with John Hempton’s recent excellent series on the economics of default in the Eurozone and Edward’s recent postings on AFOE in which he pulls out some of our old paper abstracts has inspired me to a series in which . . . → Read More: Demographics and Macroeconomics – Part 1

The Massive Momentum Of 2009

The great monetary scientist Isaac Newton, who served as England’s Master of the Mint for 24 years, also did some ancillary work in physics.  The laws of Newtonian physics are known by nearly everyone and are often used by analogy to apply logical reasoning in other fields.  In this case, a few of these . . . → Read More: The Massive Momentum Of 2009