Mr. Trump unveiled his tax plan earlier this week, and there was something for almost every conservative to like. Our current obscene corporate tax rate of 39% is the highest among industrial nations (only exceeded by Chad and the UAE), but doesn’t yield all that much revenue, so Mr. Trump proposes drastically reducing it to […]
Archives
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Trumpian Tax Triumph?
29 Apr 2017
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Thanks to our frequent critic Mr. Adams, we have the opportunity to think about how we deal with “facts” that go against everything we know to be true. When the latest scientific study comes out claiming that global warming is happening (despite no warming in the last 20 years), or that the minimum wage actually […]
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Paul Krugman, the Nobel Laureate economist who writes op-ed’s for the NYT’s, delights in ideological conflict with conservatives. And there are whole hosts of blog sites that routinely spar back with him, such as this Austrian post. So I generally disagree with him. Yet his post earlier this week has a lot of merit to it. […]
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Earlier this week we heard with great candor from former Democratic presidential candidate and U.S. Senator Bob Kerrey, expressing dismay at the Trump budget. Why? Cuts in the EPA? Cuts for Big Bird and PBS? No. Senator Kerrey is concerned about Mr. Trump’s unwillingness to do something about our biggest budget challenge–the runaway growth of […]
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The Saudis are learning the economics of perfect competition–Price equals Marginal Cost.
10 Mar 2017
Oil took a dive south again this week, going below $50/barrel yesterday. As we’ve discussed before, the American “fracker” is now the marginal supplier–ready to turn on the spigots at the first sign of a higher price. In an introductory Econ course, we’ll review what is often called “perfect competition,” or more appropriately, a price-taker market. […]
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So I said something to this effect to a fellow Berean a few months back. As I had watched some of the craziness on the far left, especially running up to and after the election, it seemed to me that many of them felt almost a moral buzz as they could get angry at those […]
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Quick ? for Mr. Trump based on his speech
01 Mar 2017
Mr. Trump rightly noted that any healthcare reform, to be effective: it must be the plan they want, not the plan forced on them by the Government. I like this principle. But this leads to a natural follow-on question. If it is good for Americans to be able to buy the health care plan they […]
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As I’ve shared before, I am excited by some of Mr. Trump’s economic agenda, and his executive orders even this week on regulation are a great first step toward unleashing the American economy. When I consider our budget issues going forward, the best way to enable any other necessary change is for faster economic growth. […]
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Will Mr. Trump be the Squanderer-in-Chief?
02 Feb 2017
These are difficult days in the Trump administration. Really? Difficult days in only two weeks on the job? No Bereans were happy with Mr. Trump’s personal character, and no Bereans were happy with all of his policy prescriptions. Yet most of us believed that Mrs. Clinton was a worse evil, and all of us thought […]
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I wanted to post on Friday, but somehow I thought I ought to give supporters of Mr. Trump at least a day to enjoy his inauguration before critiquing him as our new president. So, here we are on Monday morning and we’re now in the brave new world of Trump. His inauguration speech was nationalist […]