- Will the slump in housing lead to a soft landing or hard landing for the U.S. economy in 2007?
- What will be the impact of the developing Asian economies (China, India, Vietnam, etc.) on the U.S. and Europe?
- How precarious is the U.S. to China trade relationship? Is the trade deficit of any real concern to leading economists (the concerns of politicians need not be discussed here)?
- Where are commodities prices headed over the next 10 years?
- Will Japan's economy flourish, as it recovers from the deflationary cycle and takes advantage of its proximity to developing Asian economies?
Sunday, November 12, 2006
Initial Post: Welcome to Larkin Weblog
Welcome to the Larkin Weblog! I hope to use this blog to generate thoughtful discussions about macroeconomics, politics, current issues, and other world views.
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1 comment:
I wish to address the counter-productive effect of the Federal Income Tax on our econmy. Why penalize the ambitious for being successful and contributing to the GNP?
The Fed should reward those successful people by not taxing income, but spending. If anyone is careful and not extravagant, living beyond their means or simply guilty of conspicuous consumption, then they should be the ones to pay.
The IRS is the most inefficient agency in the government and it takes too high a proportion of the taxes collected by the time the IRS investigates evaders or spends a fortune on paperwork and overhead, whereas a system such as a national sales tax would yield a much better return for the treasury and there would be no loopholes for the privileged.
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