About Me

My photo

Armchair theorist, poet, and occasional IT manager, Sascha B. is equipped with a Master's Degree in Middle Eastern Studies from the University of Texas, and is not afraid to use it. His work has been published by the University Press of America, Edwin Mellen Press, University of Texas Press, and a variety of small journals nationwide. He is also the proprietor and baker for 3141 Pie, of which you should eat many.

The Deal

I stopped blogging in 2013, when life overtook me. My father became ill and died shortly thereafter, and my mother was left with increasing dementia. I became the primary caregiver, and now orchestrate my mother's care and our family estate.

Now, I am coming up for air again.

Looking for the next book to read. All suggestions welcome.

My reading list is over here.

Tuesday, November 22, 2011

Quote For The Day

See, Ma? Economists really do have a sense of humor!

"...a policy prescription such as taxing height (Mankiw and Weinzierl, 2010) is obviously not socially acceptable because it violates certain horizontal equity concerns that do not appear in basic models."

It's actually a very good paper on optimal taxation models. None of which violate concerns for horizontal equity. The three policy recommendations the authors make won't have the 1% jumping for joy:

  1. Very high earners should be subject to high and rising marginal tax rates on earnings.
  2. The earnings of low-income families should be subsidized, and those subsidies should then be phased out with high implicit marginal tax rates.
  3. Capital income should be taxed.

Econometrics for the people. I like it.