Economic Update: Economics & Real Issues

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This episode provides updates on economics vs. the "free press," Nevada vs. public education and bikes displacing cars in Europe. We also respond to listeners' questions on the economics of closed ACA health co-ops and on inflation's dangers and impacts. Finally, we have major discussions on the Massachusetts Senate bill to tax rich universities and answering the question: "What is Capitalism?"

 


Showing 7 comments

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  • Will Cooper
    commented 2016-01-10 15:54:23 -0500
    J Es,

    I am not surprised to read in your post that Harvard and Yale have lobbied against any change to the status quo of their superannuated tax exemptions. It is disappointing, however. So much for their bottomline devotion to the ideal of higher education for all. Along these lines, I feel also that tax exemptions for rich churches is also due for an overhaul. It makes no sense that megachurches worth millions of dollars with thousands of parishioners and occupying large tracts of land should get a free ride.
  • J Es
    commented 2016-01-10 14:09:04 -0500
    So far, Harvard and Yale have lobbied hard against any change of the status quo. Whether it’s divestment in oil or trying to enrich the community in any way, they’re being selfish brats over anything else that would help make Connecticut much better from people at the top to workers at the bottom.
  • Will Cooper
    commented 2016-01-09 13:57:42 -0500
    Does anyone know how Harvard and MIT have responded to the proposed legislation? Are they lobbying against it? Or, wouldn’t it be surprising, supporting it?
  • Gerald Boursiquot
    commented 2016-01-07 19:15:06 -0500
    The idea that a University like Yale or Harvard have gotten away with not paying there fair share of taxes is merely a sign that the Republican party and those who follow them have done a very effective job in not only reversing what FDR did, they took it a step further and buried us in a hole that if we don’t fight to get out of we will be buried. It appears that a very effective smoke screen has been placed before our eyes. I sit here and I am listening to the News about China’s currency devaluation, and mind you this is not something that I had any idea about nor did I care not more than four years ago. I digress, but China is going through the same economic gymnastics that the United States did. The only difference is that China is doing it it under 30 years. This is a process that took the US over a 100 years to go through. China’s soon decline will be fast. Then they will call in their debts of which we the USA are a debtor.
    That my friends spells trouble.
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