Tax Cuts for the Rich Hurt the Economy

Congress just donated another $70 billion in investment tax cuts to rich taxpayers. Last month, David Cay Johnston of the New York Times summed up the debate: (Big Gain for Rich Seen in Tax Cuts for Investments)

“Stephen J. Entin, president of the Institute for Research on the Economics of Taxation, a Washington organization, and . . . → Read More: Tax Cuts for the Rich Hurt the Economy

Wealth of Nations, Wolf on Jacobs, Krugman on Warsh

Martin Wolf of the Financial Times, calls Jane Jacobs, who died last week, “a self-educated intellectual of astonishing originality.” He devotes most of his article, “National wealth on city life’s coat tails” (5/2/06) to a review of one of his and my favorite books, Jacob’s 1984 Cities and the Wealth of Nations — which he . . . → Read More: Wealth of Nations, Wolf on Jacobs, Krugman on Warsh