This morning’s much anticipated fourth quarter GDP release provides a preliminary estimate of real GDP growth of 2.8 percent. To be fair, perhaps the anticipation is experienced mostly by forecasting economists and financial market watchers. […]
Read moreLast September, I proposed (“The Warren Buffett Tax”) that the most effective way to extract a lot of tax revenues from Warren Buffett would be to impose a wealth tax. My tongue-in-cheek proposal was this: […]
Read moreIn his book Econoclasts1, historian Brian Domitrovic produces what he believes is the first historically rigorous account of the development of supply-side economics (that is, one that relies on primary sources). He reviews contributions to […]
Read moreIn a terrific book published last year, Antti Ilmanen1 has investigated the drivers of investment returns from a number of angles including asset class (that is, equities, fixed income, commodities), investment strategy (value, growth, momentum, […]
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