If you read the Fed’s consolidated financial statements for fun and take them seriously, you would learn that the Fed’s current leverage ratio is … … … 77:1. It’s just a number of course.
Category Archive for 'Central Planning'
It is typically asserted that on utilitarian grounds we can and should redistribute wealth from the richer to the poorer. On its face and all-alone the argument makes some sense. The argument goes like this: since there is diminishing marginal utility of wealth, a dollar to a rich person is worth less than a dollar […]
Posted in Central Planning on Jan 14th, 2014
One would hope that such an observation was obvious, but take any given daily reading of a newspaper that covers national politics and economic matters and you’d be led to believe that the U.S. is a homogeneous, cozy easily coordinated place that should and can be like other countries to which it is regularly compared. […]
The federal government collected $350 billion from corporations in corporate income taxes last year. Economists have long understood and explain that the US federal (and state) corporate income tax rates are at the same time both too high and too low. Why do we say this? Well, the tax rate is, at the margin, very […]
One of the myriad justifications for the passage of the PPACA, and subsequent defenses of going even further (e.g. government paying for all of our health insurance) is that by taking the burden of firms providing health insurance premiums to their workers, it will make firms more internationally competitive. Long ago, we discussed how the […]
Let’s tax corporations more. After all, they have plenty of profits. OK, I agree. Then I hope you all get on board with the following proposal. Let’s impose a 10% tax on all “schools’” revenues. After all, schools, especially places like where I work, take in BILLIONS of dollars of revenue. They employ and they […]
Well, among the many reasons that I no longer favor it is that I’ve started to realize I live in big boy world, and not the fantasy world of good economics I thought about when I first became a professor: Schuerhoff, Marianne, David Zetland and Hans-Peter Weikard (2013). “The life and death of the Dutch […]
from Tim Taylor. Here are some older thoughts on mine on taxing the rich more. And here.
And so it has absolutely no chance of seeing the light of day. Tyler Cowen links to this Reihan Salam post summarizing a good argument from Avik Roy’s new book: offer a coverage option that better meets the needs of the poor while also reducing public expenditures: Start by paying a primary-care physician $80 a […]