Tag economics

Banks Financing Mexico Gangs Admitted in Wells Fargo Deal – Bloomberg

This was no isolated incident. Wachovia, it turns out, had made a habit of helping move money for Mexican drug smugglers. Wells Fargo & Co., which bought Wachovia in 2008, has admitted in court that its unit failed to monitor and report suspected m…

In Defense of Deficits

Do deficits matter?

The Great Grocery Smackdown

“It’s getting harder and harder to hate Walmart.”

Taking apart the federal budget (washingtonpost.com)

The composition of tax revenue has shifted dramatically over the past 80 years. Individual and payroll taxes contribute about 80 percent of the total while the portion provided by corporate income taxes has fallen.

The Minimum Wage and Its Employment Impact – RealClearMarkets

The other side to mandated minimum wages and it's effect on fringe economies.

Chinese New Year | Chinese mercantilism is a growing problem

"right now the world is awash in cheap money. So if China were to start selling dollars, there’s no reason to think it would significantly raise U.S. interest rates. It would probably weaken the dollar against other currencies — but that would be good, not bad, for U.S. competitiveness and employment. So if the Chinese do dump dollars, we should send them a thank-you note."