Category: Paul Krugman

Yellen’s New Alliance Against Leprechauns

So what do we learn from these stories? First, that the current international tax system offers huge scope for corporate tax avoidance.

Second, we learn that when nations try to compete with one another by cutting corporate tax rates — the so-called race to the bottom — they aren’t really fighting about who will get jobs and productivity-enhancing investments. There’s very little evidence that cutting profit taxes actually induces corporations to Read original

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Republican Cowardice Endangers American Democracy

America’s democratic experiment may well be nearing its end. That’s not hyperbole; it’s obvious to anyone following the political scene. Republicans might take power legitimately; they might win through pervasive voter suppression; G.O.P. legislators might simply refuse to certify Democratic electoral votes and declare Donald Trump or his political heir the winner. However it plays out, the G.O.P.

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Technobabble, Libertarian Derp and Bitcoin

A number of readers have asked me to weigh in on Bitcoin and other cryptocurrencies, whose fluctuations have dominated a lot of market news. Would I please comment on what it’s all about, and what’s going on?

Well, I can tell you what it’s about. What’s going on is harder to explain.

The story so far: Bitcoin, the first and biggest cryptocurrency, was introduced in 2009.

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