The BIS annual report is out, and you probably won’t read a more depressing economic brief this year. The gruesome details: Global economic growth in advanced economies was halved last year, to 1.6%, amidst an “abysmal fiscal outlook”; we have “a global banking system that is still dependent on economic support”; bank credit spreads are…
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Why economics is still the ‘dismal science’
by Newswires • • 0 Comments
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The Truth About Taxes
by a Wall Street Examiner • • 0 Comments
For three decades the United States has conducted a massive economic experiment, testing a theory known as supply-side economics. The theory goes like this: Lower tax rates will encourage more investment, which in turn will mean more jobs and greater p…