Who Knew That Jonathan Chait Is Ignorant?

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Talking about Art Laffer and his curve Jonathan Chait says this: This is not merely a technical objection. It exposes a conceptual flaw underlying Laffer’s...

Marianna Mazzucato Draws Attention To A Forbes Article – The Wrong One

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There is a small difference - OK, not so small - between publicity, propaganda, and actual science. The sciencey bit is that you acknowledge...

The MMT Question – So, What Tax Rate Would Solve Zimbabwe’s 500% Inflation Rate?

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As we all know modern monetary theory gives us the out against austerity. No government needs to be constrained on what it spends because...

The Laffer Curve Constraint Upon Modern Monetary Theory

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A little thought about that Modern Monetary Theory. You know, this idea that government doesn't actually need to tax in order to be able...

If Only Polly Toynbee Actually Understood Numbers

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Polly Toynbee wants us all to know that inequality is higher than we had assumed. This coming from a Resolution Foundation report claiming that...

This GDP Stuff Really Matters, You Know?

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It's a commonplace among the mouth breathers these days that Gross Domestic Product doesn't really matter. That economy, it's all just money, for rich...

People Just Don’t Understand Economic Numbers, Do They?

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Or perhaps it's just journalists who don;t understand economic numbers. Well, journalists and politicians then. An example here being the latest snapshots from the...

US Tax Rates Are Too High, Well Over The Laffer Curve Peak

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We'll all recall how so many are calling for much higher income tax rates on higher earners. Because inequality, of course. There are even...

The Resolution Foundation Discovers Labour Economics

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The Resolution Foundation thinks of itself as a think tank, one that can - and does - uncover the secrets of how we should...

Dougal’s Law

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Dermot Mulroney played Father Ted for just three seasons before passing away, and is fondly missed – who knows what comic delights we have...