Beyond the Laffer Curve — the case for confiscatory taxation. Daily chart: Thirsty work. Tax Cuts Don't Lead to Economic Growth, a New 65-Year Study Finds - Derek Thompson. Here's a brief economic history of the last quarter-century in taxes and growth.
In 1990, President George H. W. Des économistes lancent un manifeste contre la rigueur. Simon Johnson: 'We Are Looking Straight Into The Face Of A Great Depression' By Mark Harrison, CFA In the opening session of the fourth annual CFA Institute European Investment Conference today in Paris, MIT Sloan School of Management professor Simon Johnson didn’t equivocate on the perils of the current global economic environment.
“We have built a dangerous financial system in the United States and Europe,” said the former chief economist at the International Monetary Fund. “We must step back and reform the system.”
The Wrong Worries. The Road to Economic Crisis Is Paved With Euros. Innovation Kills Monopolies Faster Than Governments Can: Tech News and Analysis. Do government antitrust measures help break up monopolies and increase innovation?
Not according to new research from the Technology Policy Institute, which looked at the high-profile antitrust investigations of IBM, AT&T and Microsoft. The research found that in each case, the innovation that changed the industry did not come as a result of government intervention, but from sources that regulators could not possibly have predicted. This is likely to be music to the ears of Google, which has come under increasing pressure from both regulators and critics as it expands beyond search into other areas — including a controversial acquisition offer for travel industry player ITA that is currently under review. The research (the full version of which is available as a PDF here) was done by Robert Crandall — a senior fellow in economics at the Brookings Institute — and Charles Jackson, a computer science professor at George Washington University.
La polémique Goldman Sachs. ECONOMY. The Future of Money. FMI ou pas FMI ? The economics of Open Source. 9 Things The Rich Don't Want You To Know About Taxes. For three decades we have conducted a massive economic experiment, testing a theory known as supply-side economics.
The theory goes like this: Lower tax rates will encourage more investment, which in turn will mean more jobs and greater prosperity—so much so that tax revenues will go up, despite lower rates. The late Milton Friedman, the libertarian economist who wanted to shut down public parks because he considered them socialism, promoted this strategy. Ronald Reagan embraced Friedman’s ideas and made them into policy when he was elected president in 1980.