Rogerson, R., Wallenius, J.: Micro and macro elasticities in a life cycle model with taxes. Journal of Economic Theory 144(6), 2277–2292 (2009) Article Google Scholar Saez, E., Slemrod, J., Giertz, S.H.: The elasticity of taxable income with respect to marginal tax rates: a crit...
Donald Trump, the self-proclaimed "king of debt", added more trillions to the national debt in one term than other presidents added in two. Democrats are no better, however, clinging to a dubious economic philosophy known as "modern monetary theory "which holds that...
But only in theory. In reality, we have gobs of evidence (even from the New York Times, albeit inadvertently) that budget deals with higher taxes don’t work. The reason is that politicians can’t resist the temptation to increase spending whenever they think more tax revenue might be avai...
Second, it discusses the reception of Irving Fisher's work on debt deflation by his contemporaries, and argues that it is helpful to think of debt deflation as a real business cycle phenomenon. Third, there is a theoretical discussion of the reaction of debt and consumption to shocks in the...
MICHAEL HUDSON: That sort of goes back to the value theory that I think requires a separate discussion altogether, because it’s so fundamental. The whole idea of classical economics and the free market was a market to be free from rent, rent being unearned income. Rent is what landlords ...
Partly to specify what some of these special conclusions are which are believed to be new and partly to fit them into the conclusions of other students in this field, I am offering this paper as embodying, in brief, my present "creed" on the whole subject of so-called "cycle theory."...
The seeds of a crisis: A theory of bank liquidity and risk taking over the business cycle. Journal of Financial Economics, 106( 2), pp. 349– 366. Google Scholar Crossref WorldCat Ahmed S., Coulibaly B., Zlate A. ( 2017)‘ International Financial Spillovers to Emerging Market Ec...
Is it possible in theory, someday, given enough lead time? Maybe. Our weapons are still from 1964, but maybe. It would take 20-30 years of intense hard work though. Your money means nothing to me. We’re not coming Jupiter, but please kill every Frenchman so we know who you are. ...
It includes proactive monitoring, risk assessment, and the implementation of tailored solutions to ensure effective management throughout the debt cycle. AI generated definition based on: Advances in the Theory and Practice of Smart Specialization, 2017...
It’s about exploiting perceived weaknesses in modern monetary theory to gain from asset appreciation.” The undeniable success of Saylor’s Bitcoin blueprint As of the Jan. 8 close, MSTR shares traded at $331.70, reflecting about a 2,200% increase since the company’s first Bitcoin purchase ...