According to President Trump and most other politicians, tax reform will be “a middle class bill.” However, ask people what they mean by the middle class and it becomes a mystery. In one Congressional Research Service report, they even say…
Our weekly economics news summary included the yuan and foreign exchange, Google and branding, parental leave and incentives, and choosing your own price.
Recognizing that neighborhoods with better schools and other shared characteristics affect income mobility, anti-poverty policy can become more effective.
Reading about US income mobility, I recalled what fractal mathematician Benoit Mandelbrot said about the British coastline. While from a distance it will appear straight, the closer you look, the more you see its indents and zigzags. Consequently, Dr. Mandelbrot believed…
There is a connection between baseball and President Obama’s budget proposals. Let’s start with USA Today’s baseball salary database. For 2011, at $32 million, NY Yankees’ 3rd baseman Alex Rodriguez earns the most; #2 is LA Angels’ outfielder Vernon Wells…
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