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Auf Deutsch

Monday, February 24th, 2003

My dad sends this item from the FT.

Seems that Germany wants to tell us how to run our economy, too. Hey, at least Amtrak will start running on time, right?

This also raises another important question:

When did my dad start reading the Financial Times?

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This entry was posted on Monday, February 24th, 2003 at 8:49 am by Radley Balko and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

2 Responses to “Auf Deutsch”

  1. #1 |  Terry |  February 24th, 2003 at 11:47 am

    I’ve been known to read all kinds of weird stuff–even been known to check out the TheAgitator.com when I was sure no one would catch me.

  2. #2 |  Wayne |  February 24th, 2003 at 3:27 pm

    Don’t the Germans have a vested interest to discourage the tax cuts? Their mention of ‘twin deficits’ gives it away, specifically the trade deficit itself.

    After all, a nations trade deficit needs to be offset by capital inflows into it otherwise its currency naturally depreciates. Capital inflows would increase in the US’s case, if the tax rate on dividends were dropped.

    That would be because American shares would then offer higher rates of return after tax for foreign investors, compared to say German shares. Arbitage, or the invisible hand would then need to correct the balance.

    The Germans in turn could then experience capital outflows as a direct result of their high tax rates.