Posts Tagged "economics"

"Social Security has nothing to do with the deficit." - President Ronald Reagan

The Zombie That Ate Rand Paul’s Brain

Aha. It seems that I was giving Rand Paul more credit than he deserved. Think Progress has the video, and it’s clear that Paul was completely shocked at the notion that government employment had fallen under Obama, rather than soaring. - Paul Krugman

Read: NYTimes

Mitt Romney Would Pay 0.82 Percent in Taxes Under Paul Ryan’s Plan

Read: The Atlantic

The Classic Krugman Pushback

liberalsarecool:

CNBC’s Joe Kernen: “It goes back to our forefathers, who said limited government, low taxes,”

NYT’s Paul Krugman: “I don’t remember actually hearing about that. I don’t think that’s in there.”

Federal income tax was created in 1913.

Krugman added: “People getting their news from sources like that are probably getting terrible advice about any kind of investment that depends on macroeconomics.”

good:

Visit the website for TED, the conference for creative techies and do-gooding hipsters that vaulted the 18-minute lecture into an art form, and you’ll find speakers discussing everything from “Sculpting Waves in Wood and Time” to “Building U.S.-China relations … by Banjo.”

What you won’t find is a recent TED talk by Michael Hanauer, a wealthy venture capitalist, that argues income inequality is a problem that threatens the economy, and that higher taxes on the wealthy are part of the solution. 

Read more on GOOD.is →