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Biden's Latest Lie on Taxes and for People Making Less Than $400,000 a Year


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Source: AP Photo/Patrick Semansky
Sure, it was a gaffe. And yes, if Donald Trump had a similar moment, the fact checks, media coverage, and commentary would have been insufferable. Biden lied. At Tidewater Community College in Virginia, Joe straight-up lied about his tax plan. If it were true, a great many Americans would benefit. Why? Because he said that
no one making under $400,000 a year
would pay a penny in taxes. Yep. No taxes forever for most Americans. Sounds great, but it’s a lie. We all know it’s a lie. Just how it’s a lie that the middle class won’t see their taxes go up given Biden’s ridiculous spending he’s proposed. His agenda has a price tag of nearly $6 trillion. Only the super-wealthy are going to finance that fully. What are you smoking, Joe? And does it belong to your son?  ....

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The Capital Note -- Inflation, Interest Rates, and Janet Yellen


(Joshua Roberts/Reuters)
Welcome to the Capital Note, a newsletter about business, finance, and economics. On the menu today: Yellen says something (and then unsays it), Joe Biden, Peronist, Biden and Brussels against Ireland, and Richard Nixon and Arthur Burns. To sign up for the Capital Note, follow this link.
Yellen’ Fire
No, that’s not what really what Treasury Secretary Yellen did on Tuesday, but sometimes the lure of a bad pun is too hard to resist.
CNBC had a more sober assessment:
Treasury Secretary Janet Yellen conceded Tuesday that interest rates may have to rise to keep a lid on the burgeoning growth of the U.S. economy brought on in part by trillions of dollars in government stimulus spending. ....

New York , United States , United Kingdom , County Mayo , Bruxelles Capitale , Long Island , John Kermaj , Benjamin Tuttle , Donald Trump , John Cochrane , Kathy Bostjancic , Warren Buffett , Arthur Burns , Joe Biden , Joseph Biden , David Lynch , Berkshire Hathaway , Mauricio Macri , Cristina Kirchner , Yeganeh Torbati , Danielj Smith , Janet Yellen , Blackrock Rick Rieder , Alan Greenspan , Peterj Boettke , Kevin Hassett ,

Inflation, Interest Rates, and Janet Yellen


Inflation, Interest Rates, and Janet Yellen
Andrew Stuttaford
Welcome to the Capital Note, a newsletter about business, finance, and economics. On the menu today: Yellen says something (and then unsays it), Joe Biden, Peronist, Biden and Brussels against Ireland, and Richard Nixon and Arthur Burns. To sign up for the Capital Note, follow this link.
Yellen’ Fire
No, that’s not what really what Treasury secretary Yellen did on Tuesday, but sometimes the lure of a bad pun is too hard to resist.
CNBC had a more sober assessment:
Treasury Secretary Janet Yellen conceded Tuesday that interest rates may have to rise to keep a lid on the burgeoning growth of the U.S. economy brought on in part by trillions of dollars in government stimulus spending. ....

New York , United States , United Kingdom , County Mayo , Bruxelles Capitale , Long Island , John Kermaj , Benjamin Tuttle , Donald Trump , John Cochrane , Kathy Bostjancic , Warren Buffett , Arthur Burns , Joe Biden , Joseph Biden , David Lynch , Berkshire Hathaway , Mauricio Macri , Cristina Kirchner , Janet Yellen , Danielj Smith , Yeganeh Torbati , Blackrock Rick Rieder , Alan Greenspan , Peterj Boettke , Kevin Hassett ,