Everything that is happening in our fractured nation today seems so worrisomely reminiscent of America's last lost decade -- the 1970s. For those who don't remember, the late 1970s under part-time President Gerald Ford and then much worse under President Jimmy Carter was one economic and national security setback after another. The witches' brew of high inflation of 7% to 10% by 1979 and ever-increasing tax rates -- which rose as high as 70% -- drove the economy into a ditch. Real family incomes cratered under Carter because inflation rose so much faster than family take-home pay. Homes ...
Repeat after me, class: Growth does NOT cause inflation. Write it on the blackboard 100 times. For decades, the economics profession has been trying to tell us all just the opposite. They keep ...
Fitch Ratings just downgraded the U.S. government's credit rating due in part to Congress's erosion in governance. Indeed, year after year, we see the same political theater unfold: last-minute ...
Banking is just about the most regulated industry in America. Yet, as we saw with the collapse of Silicon Valley Bank and others in recent months, lenders are not invulnerable to ...
Politics is sometimes little more than marketing. As evidence, behold the sudden use of the term "Bidenomics" by Democrats to describe administration policies of the past few ...
White House press secretary Karine Jean-Pierre recently reiterated a point the Biden White House has been making for the past year: that inflation remains high not because of the ...
As elections approach, sweeping generalizations have a certain allure that often energizes the frustrated and captivates the hopeful. However, it's essential that we as voters ...
Word out of the White House is that President Joe Biden wants to tout his economic successes. He's even embracing the slogan "Bidenomics" -- which most people think is a term of ...
A policy question these days that has befuddled federal lawmakers is why so many millions of people have not returned to the workplace in the post-COVID-19 era. The labor force ...
How many times have you heard President Joe Biden or Sens. Elizabeth Warren (D-MA) and Bernie Sanders (I-VT) berate the Trump tax cuts as "a giveaway to the rich"? Biden and ...
The federal government is running annual $1 trillion to $2 trillion budget deficits, which is more than the entire gross domestic product of most nations. But if you believed that ...
“It is a characteristic of wisdom not to do desperate things.” —Henry David Thoreau, Walden (1854) Long ago, in a universe of sane fiscal policy far, far away, there ...
According to a poll carried out by the Figaro newspaper, only 17% of the French believe that 2014 will be a good year, but in fact it started very well for France. Only 1,064 cars ...
Americans can learn much from Israel. It’s an increasingly prosperous nation that grapples manfully with its problems. For example, when the Israelis put up a fence along ...
The Occupy movement brags that the parks it seized once hosted Depression-era shantytowns. But on the eve of WWII, America heard little talk of class warfare. Back then the ...
Mocked by The Wall Street Journal and Sen. John McCain as the little people of the “Lord of the Rings” books, the Tea Party “Hobbits” are indeed returning ...
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