In a world of tremendous challenges and threats, Mr. Obama has a curious way of selecting priorities. Iran wants a Nuke, Mr. Obama says let them get very close but not have it for 10 years. ISIS expands, and Mr. Obama talks. In the U.S., job growth still significantly lags what is needed to lead […]
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It is probably part of my flesh that still needs serious work (Prov 24:17), but I have to publicly confess I get a thrill of “Justice!” when I see those that are profiting from political power get their comeuppance. Crony capitalism is perhaps, like beauty, in the eye of the beholder. But at its simplest, […]
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Update on Trade Deal: Senate agreement gives new life with separate “currency manipulator” bill
14 May 2015
The WSJ reports today that a day after the Democrats in the Senate repudiated Mr. Obama, the Senate agreed to allow a vote on Trade Promotion Authority (TPA), once the Republican leadership agreed to allow a vote to force the administration to punish “unfair” trade in the form of currency manipulation. The concern have over […]
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Like a stopped clock being right twice a day, Mr. Obama is right on Trade Promotion Authority
07 May 2015
Readers of this blog know I’m critical of the Obama administration generally on economic matters, nevertheless, as we say from my home state of Arkansas, “even a blind hog can find an acorn every now and again.” The Democratic party has been generally hostile toward free trade for most of my life, while Republicans are […]
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Labels are both handy and hated. In economics, we teach that branding and labels are ways to economize on the costs of information search. So, for example, I go into the voting booth and on many lower-level candidates, I may not have much, if any, information on their positions. But if I see a “D” […]
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I have to agree with him; Mr. & Mrs. Clinton have both spoken eloquently in defending the importance of faith and marriage between one man and one woman. Unfortunately my previous sentence was written in past tense. Is this not the ultimate flip-flop, finger in the wind approach to leadership? Mr. DeYoung’s summary point of […]
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So asks Don Boudreaux over on Cafe Hayek. And with very good reason. You should read all of his post, the logic is impeccable if perhaps graphic. I share his post because it is a lament I had the other night while out walking the dog with my wife. I wasn’t thinking of Mr. Boudreaux’s […]
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Former Vice Chairman of the Federal Reserve board joined the chorus of Wall Street cheerleaders saying the Fed can afford to be patient with raising interest rates earlier this week. His rationale? Inflation as measured by the consumer price index or the Fed’s favored measure is very low: The so-called hawks, who have been calling […]
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Long-time marijuana advocate Willie Nelson is reportedly going to produce his own marijuana for sale, called Willie’s Reserve. Seems like Willie Weed would be more accurate, but hey…what do I know about marketing (or marijuana for that matter). As an aside, I went to a Willie Nelson concert circa 1980 while living in southern […]
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We often lament the ever burgeoning national debt ($18T+), and especially so when we consider the unfunded liabilities (some estimates well north of $100T). Yet while the national debt captures the public’s attention periodically, the disastrous condition of state finances is seldom discussed. There are few good states, albeit red states are typically much better […]
Bert Wheeler
Jeff Haymond
Marc Clauson
Mark Caleb Smith
Tom Mach