Paul Krugman

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Leprechauns of Eastern Europe

PhotoCredit Over the past couple of days we’ve had two very good critiques of the Tax Foundation “model” of tax cuts, which comes closer than any other to telling Republicans what they want to hear. Greg Leiserson takes on TF’s bizarre treatment of the estate tax, which should make no differenc...

La Trahison des Clercs, Economics Edition

PhotoCredit Yesterday a former government official at a meeting I was attending asked a very good question: have any prominent Republican economists taken a strong stand against the terrible, no good, very bad tax legislation their party just rammed through the Senate? I couldn’t think of an...

Voodoo Too: The GOP Addiction to Financial Deregulation

PhotoCredit Alan TaylorThe big economic policy story for this week will be the attempt to ram through the Republican tax bill, which manages both to raise taxes on middle- and lower-income Americans even as it blows up the debt, all in the service of big tax cuts for corporations and the wealthy...

Schroedinger’s Tax Hike

PhotoCredit Joint Committee on TaxationYes, I know that’s supposed to be an umlaut in the title. I just can’t persuade WordPress to do it. So: There are many amazing things about the Republican tax pitch, where by “amazing” I mean terrible. But possibly the most amazing of all is the attempt t...

Days of Greed and Desperation

PhotoCredit These are not good times, politically, for Republicans. The Virginia blowout showed that the Trump backlash is real, and will show up in actual votes, not just polls. A series of local elections have produced Democratic victories in hitherto deep-red regions. Despite gerrymanderi...

Tax Cuts And The Trade Deficit

It’s a sad commentary on the state of affairs in America that we need to spend time debunking the Tax Foundation “model” of the effects of GOP tax cuts. But that model, with its extremely optimistic take on the growth and revenue effects of corporate tax cuts, is reportedly playing an important ...

Leprechaun Economics, With Numbers

Yesterday I noted that most discussion of the growth effects of the Cut Cut Cut Act, such as they may be, focuses on the wrong measure. GDP might go up because lower corporate taxes will draw in foreign capital; but this capital will demand and receive returns, which mean that part of the ga...
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YES BANK Photo 2018-06-07 04:43

Rana Kapoor, MD & CEO, YES BANK - “RBI’s unanimously delivered 25bps hike has been balanced with a neutral stance, reinforcing MPC’s alacrity to retain inflation within its 4.0% target amidst hitherto buildup in price pressures led by crude prices. The rate action comes at a time when economic recovery now appears to be on a firmer footing. This stance allows RBI the choice to act in accordance with evolving macro and financial conditions, in both global and domestic economy in the coming months. Amidst many moving parts, this will entail a careful balancing of global headwinds from elevated crude prices, geopolitical tensions, and domestic policies of MSPs, state pay commissions on growth-inflation dynamics.” #RBIPolicy