Macro Quick Hit: May Day—Workers of the U.S. Unite With Capital
Economist Paul Krugman took the occasion of May Day to attack the corporate tax cut in a New York Times opinion piece. We feel the need to tackle Krugman's arguments point-by-point because we feel his analysis is very misleading. We revisit some of our earlier work on capital-labor ratios, productivity growth, and labor incomes.
RDQ Economics provides global macroeconomic consulting services with an emphasis on U.S. economic fundamentals and monetary policy.
Our views are driven by consistent application of classical economic and monetary principles and has generated superior anticipation of changes in the stance of monetary policy and of movements in economic growth and inflation.
The founders of RDQ Economics, John Ryding and Conrad DeQuadros, have a combined experience of 26 years on Wall Street, 12 years of experience in central banking at the Federal Reserve and the Bank of England and nine years in the independent research space. John and Conrad have worked closely with fixed income, foreign exchange, and equity traders and portfolio managers, which has enabled their analysis and advice to be tailored to a clientele that is focused on trading and investment decisions.
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