Why Tax Cuts are Great Even if They Don’t Improve X

This article is in specific rebuttal to a recent WaPo piece complaining that the Trump Tax Cuts aren’t going to work. I briefly review the claims in the article, the tax plan itself, and some general theory. I. The Claims in the Article “Why are businesses investing so little when profits are so high? … … Read more Why Tax Cuts are Great Even if They Don’t Improve X

Log Growth Rates: Stop Doing That

In economics and also widely in statistics and data science, it is considered acceptable to use log growth rates. In fact, you would have a hard time passing my intro Ph.D. macro class without them. But they shouldn’t be used. The validity of how log growth rates are often used depends on a simplification. The … Read more Log Growth Rates: Stop Doing That

A Quick Look at the ECB

The European Central Bank is the bank of the Eurozone. The ECB is an interesting case study in the centralization of economy policy. Central banks in general are highly centralized structures of economic policy, but the ECB is an even stronger example of centralization because it is a single international policymaker which is substituted for … Read more A Quick Look at the ECB