Tag: greg mankiw
-
We Need to Spur Business Investment. Yeah, Right.
Comes before the court: Floyd Norris to point out that the heady dividends delivered by corporations 2004-2008 were in many cases not profits, but recycled loans. They borrowed the money, then paid it out to shareholders. Every penny in profits ($2.4 trillion) went out in dividends ($.9 trillion) and stock buybacks ($1.7 trillion), plus another…
-
Mankiw’s Right: Money’s Not the Incentive
Subtitle: Pipe Dreams Greg Mankiw makes more than a quarter-million dollars a year. We know that, because he's expecting to pay the 2-4% payroll tax surcharge under Obama's tax plan, on any extra dollars he earns. He's also planning to leave his children more $3.5 million dollars (the current inheritance tax exclusion) when he dies.…
-
Paulson/Dodd Plan: Mankiw Stipulates to the Merits
Greg Mankiw posted the views of a surrogate (his "smart friend") to dis the Paulson/Dodd bailout compromise (buy assets, get warrants/equity as well). His friend addresses the plan on its merits. But when David Leonhardt replied , also addressing the plan's central issues, Mankiw changes tack, arguing that it will screw up the auction process:…