Reflections on Garden World Politics Douglass Carmichael

I take this as definitive until I know better. The fudging and equivocation are just frustrasting, but undersandable, given the stakes. What cannot be disputed, however, is the financial bailout’s biggest loser: the American taxpayer. The US government, led by the Treasury Department, has done little, if anything, to maximize returns on its trillion-dollar, taxpayer-funded …

 the Virginia and Maryland suburbs, prices for single-family homes are down to where they were five years ago. In Prince William and Loudoun counties, a flood of foreclosures has pushed prices so low that bargain hunters have flocked there in recent months, helping to boost sales.   So The problem is, who own houses? The general shift his been from poor to rich. via Calculated Risk.

This doesn’t describe everything but leaving it out weakens any analysis. Romer has been working on for two years. His economic theory of history explains phenomena such as the constant improvement of the human standard of living by looking primarily at just two forms of innovative ideas: technology and rules. Technologies rearrange materials with ingenious …

This is a surprise to me. But another is that the profit margins have been much higher on trucks and vans because the US protects its domestic market with a twenty-five percent tariff. By contrast, the import tariff on regular automobiles is just 2.5 percent and US duties from tariffs on all imported goods are …