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    Commentary, Politics / banking, Romney, taxes /

    Romney and His Taxes

    January 19, 2012

    This is a quiet day. Except for Mitt Romney and his charge to the Republican nomination. A furor has broken out over Romney’s tax rate. He, like many very wealthy Americans, lives in a different tax code from the rest of us. Up there in the higher reaches of the income atmosphere tax rates are […]

    Economics / economic theory, Economics, Obama, Romney /

    Captain America?

    January 18, 2012

    The Economist’s astonishingly tone deaf editorial on Mitt Romney – “America’s next CEO?” – is partisan, wong-headed, and naive. The very title gives away the fundamental error: America does not need a CEO. The popular notion that business experience somehow makes for a more productive president is horribly misguided and displays a misunderstanding of politics […]

    Economics / consumer confidence, consumption, GDP, inflation, jobs, retail sales, unemployment, wages /

    One Step Backwards

    January 12, 2012

    Having been sidelined this week by minor surgery – very minor but annoying nonetheless – I have been able to take stock of our recent economic numbers. Unfortunately a more leisurely review doesn’t help too much. I have emerged more skeptical than ever.jkn At one point earlier in the week I was contemplating writing about […]

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