Tax Reform: The Good, the Bad, and the Really Ugly, Part Four

March 5th, 2017
in macroeconomics

by John Mauldin, Thoughts from the Frontline

“The values to which people cling most stubbornly under inappropriate conditions are those values that were previously the source of their greatest triumphs over adversity.”– Jared Diamond, Collapse, 2005

Tax reform means, “Don’t tax you, don’t tax me. Tax that fellow behind the tree.”– Russell B. Long, Democratic Senator from Louisiana, longtime chairman of the Senate Finance Committee (and a strong believer in capitalism who was a champion of tax breaks for businesses)

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The Confusing State Of Retail Sales

Written by

Warren Buffett is confused about retail trade stating "retailing is tough for me to figure out". Not only is the retail model changing - but consumer spending and inflation trends are changing also.

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When Marxists Deploy the Quantity Theory of Money and Other Economic Nonsense

by Philip Pilkington

Article of the Week from Fixing the Economists

It’s truly infuriating to watch left-wingers talk absolute nonsense when discussing the economy. I encounter it all too often. What you generally get is a hodge-podge of incoherent economic ideas — usually incorporating the worst aspects of right-wing doctrines like monetarism — topped off with a general hand-wave that, well, capitalism is full of ‘contradictions’ and doesn’t work anyway so what’s the use of discussing it in any detail.

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Consumer Spending Increase Saves 4Q 2016 GDP Estimate from a Decline

February 28th, 2017
in aa syndication, consumer metrics institute, gdp

by Rick Davis, Consumer Metrics Institute

February 28, 2017 - BEA Revision Revises 4th Quarter 2016 GDP Growth To 1.85%:

In their second estimate of the US GDP for the fourth quarter of 2016, the Bureau of Economic Analysis (BEA) reported that the US economic growth rate was +1.85%, essentially unchanged from the +1.87% previously reported but down by nearly half (-1.68%) from the prior quarter.

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Wasteful Health Care Spending

February 28th, 2017
in aa syndication

 by Timothy Taylor, Conversable Economist

The high costs of health care are not just an issue for the United States, but for countries all over the world. The OECD addresses the issue of How to Tackle Wasteful Health Care Spending in a January 2017 (which can be ordered or read online for free here).

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