Changing the tax treatment of carried interest reduces the incentive for investors to put resources into a business. It also assumes the risks that come with long-term investing, which affects millions of private equity firms, investment vehicles and investors. A change in treatment of carried interest will negatively impact the economy.
A new survey found that seven percent of Americans believe that chocolate milk comes from brown cows. Fourty-eight percent don't know where it comes from at all.
Reforming local land use controls is one of those rare areas in which the libertarian and the progressive agree. The current system restricts the freedom of the property owner, and also makes life harder for poorer Americans. The politics of zoning reform may be hard, but our land use regulations are badly in need of rethinking
by Judith Curry
Tough days on The Hill for the enforcers of the climate consensus.
The National Climate Assessment must be redirected or terminated
by Patrick J. Michaels
Periodic National Assessments of the effects of climate change on the U.S. are mandated by the 1990 Global Change Research Act. The next Assessment Report is scheduled to be published in late 2018.
(RPI) Nostalgia seems to be very popular in Washington. While the neocons and Democratic Party hard-liners have succeeded in bringing back the Cold War with Russia, it looks like President Trump is determined to take us back to a replay of the Bay of Pigs!
The economist must engage in the unpopular task of protecting the public from itself. This is often an activity that the public strongly dislikes. Nobody likes being told there is no such thing as a free lunch. But it is incredibly important. Unless someone reminds the public that free lunches are illusory, they may never figure out how to get a meal in the first place.
By banning the sale of cattle for slaughter, India's policy is harming meat and leather traders, poor people, indebted farmers. But all of this misses one crucial point. The regulations that are intended to protect cows will reduce the number of cows in India, and might eliminate certain breeds altogether.
by Judith Curry
QTIIPS stands for Quantitatively Trivial Impact + Intense Political Symbolism. – Keith Hennessey
Over the past week, I’ve read over a hundred articles related to Trump’s withdrawal from the Paris Accord. I was vaguely wondering how to summarize my thoughts on all this in a blog post, when I spotted this from Bill Hooke’s blog Living On the Real World:
(ANTIWAR.COM) New reports out of the Daily Caller suggest that President Trump is planning to soon make an announcement that he is reversing all of President Obama’s moves to reopen US-Cuba relations, which saw a reestablishment of diplomatic ties, a slight loosening of business restrictions, and even talked about permission to allow Americans to visit the island nation.
