The GOP tax bill won’t crash the economy. But the worst part of it isn’t its economic impact, it’s what it tells us about ourselves. This bill tells Americans they have been corrupted, and that they prioritise the desires of the rich over creating an equal playing field for all. […]
The GOP tax bill separates owners from earners on Wall Street in a meaningful way. Many in the industry are worried about the cap on state and local tax deductions. That means the GOP is taking from a class of people that used to vote for them – the party […]
New economic research shows that bad tax policy was instrumental in bringing about the rise of the Nazi Party in 1933. Austerity measures implemented by an incompetent Weimar government had the unintended consequence of radicalizing German voters. The US is not Weimar Germany, but Republican policies – starting with the […]
Gary Cohn, President Donald Trump’s top economic adviser, was asked about bitcoin in an interview on Friday. He simply shrugged. Cohn also addressed outstanding concerns about the Republican tax bill. Gary Cohn isn’t quite sure what to make of bitcoin. CNBC’s Jim Cramer on Friday asked the National Economic Council […]
Stocks finished the day down slightly, with the S&P 500 posting a three-day losing streak, as a brief rebound in tech stocks failed to float markets back to the green. Snap in particular got a much needed boost, gaining more than 9% after Barclays said the stock was at a […]
For weeks, Republicans mulled...