Now that the dividend tax reduction is law, Republicans are already beginning to discuss their tax plans for next year. Such a rapid change in focus is likely to become part of the landscape in ...

The Consumption Function--a "fundamental psychological law," 281.--The time-preference postulate--another "fundamental psychological law," 285.-- Is the pure interest rate already zero?

Investment is a smaller but more volatile component of GDP than consumption. Drops in investment have tended to precede recessions, consumption doesn't always drop during recessions. Consumption ...