Economic Policy and Public Finance by Jack Salmon
Jack Salmon: $22 billion of $34 billion grants went to projects announced before law
$22 billion out of approximately $34 billion in grants were allocated to projects that had been announced before the relevant law was signed. Seven of the ten largest grants also went to such ...
Iran War nearing 1.1 percentage point inflation impact, Jack Salmon notes
Jack Salmon said the inflationary impact of the Iran War is moving from 0.9 percentage points to an estimated 1.1 percentage points on headline inflation. Salmon described the situation as having ...
Jack Salmon: UK real GDP growth projected at 1% to 1.2% for 2026
Jack Salmon points out that some analysts suggest rising yields may be linked to a growth or productivity boom. However, he notes that UK real GDP growth for 2026 is projected to be in the range ...
Worker share of output is declining due to residual capital income, Jack Salmon notes
Jack Salmon argues that the decline in workers’ share of output is primarily a result of capital income acting as a residual for various factors. He also points out that the use of BLS data to ...
Jack Salmon: Colorado voters weigh flat tax against graduated tax plan
Jack Salmon presents Colorado voters with a significant policy decision on the state’s tax structure. Residents must choose between maintaining the 4.4% flat income tax or adopting a graduated ...
Stock market growth has benefited a larger share of the population, Jack Salmon points out
Jack Salmon highlights a shift in stock market participation over time. He notes that in 1975, less than 12 percent of the population was invested in the stock market, while today that figure is ...
Jack Salmon: Widespread price controls viewed as economically damaging by majority
Jack Salmon presents survey results indicating that 99% of respondents agree that widespread use of price controls leads to negative economic distortions. The finding highlights a strong ...
Large-scale U.S. farm subsidies exceed $60,000 each, Jack Salmon notes
Jack Salmon reports that taxpayers will provide $300 billion in subsidies to farmers in the coming decade. According to Salmon, large farms with revenues over $500,000 will receive average ...
Jack Salmon: Effective tariff rate in June was about minus 8 percent
Jack Salmon reports that the effective tariff rate in June was around minus 8 percent. He adds that tariff refunds for that month were almost $26 billion, highlighting a significant financial ...
U.S. real interest rates have rebounded after previous declines, Jack Salmon notes
Jack Salmon highlights that real interest rates in the U.S. experienced an epochal decline in late 2020, even as debt increased. This downward trend in rates has since stalled and reversed, ...
Jack Salmon: Higher gilt yields drive up UK mortgage costs
Jack Salmon explains that a 1 percentage point increase in gilt yields results in about £100 more per month for a typical UK mortgage and nearly £170 more per month for a mortgage on a detached ...
Tariff revenue falls to negative $42 million in May, Jack Salmon notes
Jack Salmon reports that U.S. tariff revenues turned negative in May as the Treasury issued more refunds to importers than it collected through customs duties. According to Salmon, monthly tariff ...
Jack Salmon: GDP growth regressions on debt can mask offsetting effects
Jack Salmon argues that regressing GDP growth on the debt-to-GDP ratio often yields no significant effect due to two opposing forces. He explains that while deficit spending boosts measured GDP ...
Musk has created $2.5 trillion in shareholder value and 150000 jobs, Jack Salmon notes
Jack Salmon notes that Elon Musk has generated approximately $2.5 trillion in shareholder wealth, much of which is held by ordinary Americans through retirement accounts, mutual funds, and pension ...
