Connecting the Dots, October 2019

US Prepares to Monetize Its Debt

October 29, 2019

The US government spent almost a trillion dollars more than it received fiscal 2019. And that’s just the official, on-budget deficit. Fair accounting would look even worse.

New Trade War Weapons Could Kill Your Stocks

October 15, 2019

Yay, we have a trade deal! Tough negotiations worked!

Well, maybe. It depends who you ask.

The Dumbest Tax Cut Ever

October 8, 2019

No one really likes paying taxes. At best, we wish we got more for our money.

A tax system should raise the necessary revenue fairly and with minimal economic distortion. Things go off the rails when governments use tax policy to reward (or punish) certain behaviors.