Three Big Winners from Ending Ethanol Subsidies

A day many thought might never arrive is finally just around the corner. Today, December 23rd, Congress finished their work to head home for the holidays, and we can now say confidently that ethanol’s 30-year-old tax credit and import tariff will finally expire on December 31st. Ending these costly and unnecessary subsidies …

Why Don’t the Deficit Hawks Want to Tax Wall Street?

Why Don’t the Deficit Hawks Want to Tax Wall Street? by deanbaker1 from Dean Baker The intensity with which the country’s leading deficit hawks continue to ignore financial speculation taxes (FST) is getting ever more entertaining. While deficit hawks like Wall Street investment banker Peter Peterson, Morgan Stanley director Erskine …

Exorbitant Privilege by Barry Eichengreen, Oxford University Press 2011

Exorbitant Privilege by Barry Eichengreen, Oxford University Press 2011 Review by Hazel Henderson © 2011 Barry Eichengreen is a doyen of academic historians of currency, central banking and the evolution of global finance. This latest book does not disappoint and is timely. US politicians, not content with talking down the …