Category: economics

Tourism to U.S. under Trump is down, costing $4.6B and 40,000 jobs

Travel to the U.S. has been on the decline ever since President Donald Trump took office, and new data from the Commerce Department shows the slump translates to a cost of $4.6 billion in lost spending and 40,000 jobs, according to an analysis by the U.S. Travel Association. via Tourism to U.S. under Trump is… Continue reading Tourism to U.S. under Trump is down, costing $4.6B and 40,000 jobs

The US startup is disappearing

Historically, startups have been the engine of US economy. By creating new jobs and surfacing new ideas, startups play an outsized role in making the economy grow. It’s too bad they are a dying breed. via The US startup is disappearing It’s not taxes and regulation. It’s lack of investment in science and technology.

Bill Black: Bitcoin Frauds Keep Growing

By William K. Black, Associate Professor of Economics and Law at the University of Missouri-Kansas City and author of The Best Way to Rob a Bank is to Own One. Originally published at New Economic Perspectives via Bill Black: Bitcoin Frauds Keep Growing

Bitcoin’s Price Was Artificially Inflated Last Year, Researchers Say

SAN FRANCISCO — A concentrated campaign of price manipulation may have accounted for at least half of the increase in the price of Bitcoin and other big cryptocurrencies last year, according to a paper released on Wednesday by an academic with a history of spotting fraud in financial markets. via Bitcoin’s Price Was Artificially Inflated… Continue reading Bitcoin’s Price Was Artificially Inflated Last Year, Researchers Say

White House Analysis Finds Tariffs Will Hurt Growth, as Officials Insist Otherwise

WASHINGTON — A White House economic analysis of President Trump’s trade agenda has concluded that Mr. Trump’s tariffs will hurt economic growth in the United States, according to several people familiar with the research. via White House Analysis Finds Tariffs Will Hurt Growth, as Officials Insist Otherwise Trade wars are a bad idea. We already… Continue reading White House Analysis Finds Tariffs Will Hurt Growth, as Officials Insist Otherwise

Repetitively cutting taxes for the rich isn’t the answer

Conservative proponents of supply-side tax cuts remain stuck in the 1980s. Tax cuts worked then, so tax cuts will work again to stimulate growth. That syllogism defies logic, given how the economy and workforce have changed in 37 years since the first Reagan tax cut. via Repetitively cutting taxes for the rich isn’t the answer

The Libertarian Who Accidentally Helped Make the Case for Regulation

When Tabarrok and his former grad student Nathan Goldschlag set out to measure how federal regulations impact business growth, they were sure they’d find proof that regulations were dragging down the economy. But they didn’t. No matter how they sliced the data, they could find no evidence that federal regulation was bad for business. via… Continue reading The Libertarian Who Accidentally Helped Make the Case for Regulation

There’s no good alternative to building more homes in expensive cities

the fact of the matter is that everyone earns higher wages in affluent cities, for basically the same reason that everyone from Mexican day laborers to Indian computer programmers can greatly increase their earnings by immigrating to the United States — places matter. The problem is that for a lot of people, it’s too expensive… Continue reading There’s no good alternative to building more homes in expensive cities

GOP tax law will add $1.9 trillion to debt: CBO

The GOP’s signature tax law is projected to increase the national debt by $1.9 trillion between 2018 and 2028, according to a new report by the Congressional Budget Office. According to the report, the tax law would cost the government $2. via GOP tax law will add $1.9 trillion to debt: CBO The whole point was… Continue reading GOP tax law will add $1.9 trillion to debt: CBO