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Government Spending Is Out of Control! LOL

The Big Picture

Let’s delve into a case in point of Coase’s theorem: If you wanted to peddle the narrative that government spending is out of control, you might present a chart like the one above, which is an exact replica of a chart that appeared recently in a piece of research from a major Wall St. investment firm. How can this be?

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Filing Taxes with Multiple Income Streams: RSUs, K-1s, Freelance, and More [Updated for 2025]

Harness Wealth

In today’s dynamic economy, millions have embraced a diverse portfolio of income streamsfrom traditional employment to creative side hustles, equity compensation, and investment ventures. Self-employment tax calculations and considerations When examining the math behind self-employment taxes , the total 15.3%

Taxes 52
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Transcript: Velina Peneva, Swiss Re Chief Investment Officer

The Big Picture

I took a lot of math classes. So it was Pascal then c plus plus, and then I took an economics class and that’s when the lights went off because it was a very mathematical field in many ways, but also with a link to the Rio economy. I couldn’t give up math in computer science. But for me, this was not an option.

Investing 144
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Transcript: Lisa Shalett, CIO Morgan Stanley

The Big Picture

00:31:40 [Speaker Changed] So there’s the emotions and then there’s the math, right? We have a very robust economy. We’ve re levered the economy, if you will, where the leverage of the private sector, the household sector, the corporate sector that got us into the great financial crisis that’s been healed.

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Transcript: Richard Bernstein, CEO / CIO of RBA

The Big Picture

And so I decided I wanted to be a labor economist and got myself a job with a prestigious economic consulting firm in their labor economics department doing all kinds of government related work, private sector, but government related work. Fortunately, the overall economy does not do that on a regular basis. Absolutely.

Numbers 144
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Transcript: Stephanie Kelton on US Fiscal Policy and the ‘Deficit Myth’

The Big Picture

I’m gonna assume you finished writing that before the pandemic before the largest government stimulus since World War ii. It’ll reduce new company formation, it’ll make us borrowing costs skyrocket, it’ll devalue the US dollar, it’s gonna cause rampant inflation and it will act as a drag on the overall economy.

Economy 144
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Transcript: Bill Bernstein on Navigating Uncertainty

The Big Picture

Yeah, you have to, you know, the conceit of finance is that basically the math is all there is to it. So you mentioned half math, half Shakespeare. Let’s talk about the math side. Never before in American history has a colossally incompetent American president tried to crater the economy. So that’s different.

Math 130