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Ed Dolan's Econ Blog

People are Drawing the Wrong Lesson from the IRS 501(c)(4) Scandal: We Need to Rethink the Whole Concept of Tax-Exempt Organizations

President Obama is shocked and angered that the IRS targeted certain conservative organizations for special scrutiny when they applied for 501(c)(4) tax exemptions as “social welfare” organizations. Republicans are just as shocked. The whole Washington political establishment is shocked, just shocked, that anyone, let alone the IRS, would try to stem the flow of political [...]

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Geostrategy

Are Some Americans Too Powerful to Make Fun of?

In April 2013, Stephen Colbert interviewed former President William Jefferson Clinton. It would be difficult to imagine a more flattering interview, unless scripted by Clinton’s own press people (upon reflection — perhaps it was). For those not familiar with The Colbert Report, Stephen Colbert (masquerading as a right-wing political commentator) combines sardonic humor and detailed research, [...]

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United States

Are You Ready for Some Fedspeak?

Ready or not, we should expect a week dominated by an even greater focus on Fed policy. There are four reasons: The economic data calendar is very light; Earnings season has ended; Many will be heading for the exits early, anticipating a holiday weekend; and finally Bernanke testifies on the economy before the Congressional Joint [...]

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Natural Gas > Oil

Does the US hold the winning hand of the future?

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United States

The Trapdoors at the Fed’s Exit

The ongoing weakness of America’s economy – where deleveraging in the private and public sectors continues apace – has led to stubbornly high unemployment and sub-par growth. The effects of fiscal austerity – a sharp rise in taxes and a sharp fall in government spending since the beginning of the year – are undermining economic [...]

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If the current and achievable growth goal of 7.7% could be sustained in the coming years, Myanmar would emerge as the next Asian tiger – but not without inclusive growth.

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Ed Dolan Ed Dolan's Econ Blog

Edwin G. Dolan is an economist and educator with a Ph.D. from Yale University. Early in his career, he was a member of the economics faculty at Dartmouth College, the University of Chicago, and George Mason University. From 1990 to 2001, he taught in Moscow, Russia, where he and his wife founded the American Institute of Business and Economics (AIBEc), an independent, not-for-profit MBA program. Since 2001, he has taught at several universities in Europe, including Central European University in Budapest, the University of Economics in Prague, and the Stockholm School of Economics in Riga, where he has an ongoing annual visiting appointment. During breaks in his teaching career, he worked in Washington, D.C. as an economist for the Antitrust Division of the Department of Justice and as a regulatory analyst for the Interstate Commerce Commission, and later served a stint in Almaty as an adviser to the National Bank of Kazakhstan. When not lecturing abroad, he makes his home in San Juan Islands, Washington.

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