Archive for the ‘tax rates’ Category

One of the Reasons Supply-Side Economics Does Not Make Sense To Me

November 3, 2009

In his column in the Sunday NYTimes, former GW Bush economic advisor and current Harvard Economics Professor, N. Greg Mankiw argues against the Health Care bill because of the way that the insurance subsidies are structured.  He contends that it would discourage workers from working to their full potential.



Modest Proposal to Jump Start The Credit Markets

April 28, 2009

Open any newspaper or put on any news program, you are bound to see the same or similar headlines:  The global credit system is in a state of paralysis.  Simply, those institutions that normally lend to businesses and consumers (such as banks and credit card companies) have decided a more prudent course of action is to limit or entirely cut off credit lines, bank loans, credit revolvers, home equity loans or mortgages, or refuse to purchase corporate or high yield bonds.  While the equity markets normally get all of the headlines, it is the credit markets that is the lifeblood of the economy.  It terms of size, the credit market dwarfs the equity markets.  That is why Bill Clinton was so concerned with how the bond market reacted to his policy proposals.  Therefore, if we are going to get out of this deep recession, we need to somehow stimulate the credit markets, and get lenders to lend more money to businesses and consumers.