Greenspan, shut up! Google, fix my blog!

This just in, courtesy of the Wall Street Journal Real Time Economics Blog - a consistent source of timely information, insightful commentary, and regular amusement.

Greenspan Warns of High U.S. Tax Rates
Former Federal Reserve Chairman Alan Greenspan, speaking at a Treasury Department event on business taxes, said the problems of higher U.S. tax rates in a global economy are being masked by the low global cost of capital and declining exchange rates.

This will be temporary, however. “The cost of capital is not going to stay down at this level,” Greenspan said. As the cost of capital rises, the problems of higher U.S. tax rates relative to other countries will become more apparent, he said.

Greenspan stressed that lawmakers should act now to lower rates while the economy is good. “When all of a sudden the Baby Boomers retire … pressure is going to be for higher taxes, not lower taxes and to do anything that effects the corporate tax rate on the downside will run into political resistance.”

He said political opposition will occur even though economists widely agree that lower corporate tax rates can boost jobs by increasing productivity. “Regrettably, there is still a great deal of populism in this country,” he said.

Google/Blogger support is about the exact opposite of the WSJ Economics Blog - an inconsistent source of untimely information, useless commentary, and no amusement whatsoever.