By The Banker | Blog Posts
The Center for American Progress (CAP) recently published a summary description of their proposals for addressing tax and spending policy, in the light of the ‘Fiscal Cliff,’ Simpson-Bowles, and the ongoing flustercluck of fiscal policy negotiations going on before January 1, 2013. Their summary report is as good as anything I’ve seen yet in terms
By The Banker | Audio Posts, Texas
I had a conversation with a friend who ships trainloads of ‘frack-sand’ into the Eagle Ford shale in South Texas. We talked about the Natural Gas Revolution, as well as the surprising and possibly regretful turn his life has taken, far from working in book publishing in Brooklyn. Bryant: Hello, my name is Bryant,
By The Banker | Blog Posts
In recent posts I argued that current tax policy for the wealthiest people in the United States incentivizes inheritance over effort, encourages getting ahead either from: Gifts from Daddy or Living off your wealth,or Owning a hedge fund, …all the while punishing people who actually, you know, work for a salary to achieve the American
By The Banker | Blog Posts, Texas
Here’s my hypothesis[1]: The abundance of cheap domestic natural gas – what I’m calling the Natural Gas Revolution – makes “renewable” energy sources like wind and solar financially untenable, and possibly unnecessary, for the next 90 years.[2] I can’t prove my hypothesis because energy pricing is complicated. Figuring out the ‘price’ of energy derived from