As the new Republican congress gets set to tackle the Obama agenda, its pertinent to ask if we’re winning or losing on spending. After all, this is supposedly the reason for the rise of the tea party–out of control spending on the part of the Obama administration. This past fall the U.S. government reported the […]
Archives
-
Spending and the debt. Are we winning or losing?
05 Jan 2015
-
“The world cannot hate you, but it hates me because I testify about it that its works are evil”
18 Dec 2014
D.A. Carson has a gem over on the Gospel Coalition, which is well worth a read. RATHER NAIVELY, SOME OF US THINK that if Jesus were alive today, our tolerant culture would not give him a really rough time, much less crucify him. We would simply marginalize him, treat him as if he were a […]
-
A few days ago I continued my regular pooh-poohing of the perils of deflation, which is coming up again because of the fall in the price of oil. As I said in that post, deflation that is associated with productivity is generally a good thing, but if its a result of a collapse in the […]
-
Sometimes the media gets it right– why changing government incentives are contributing to lower employment.
13 Dec 2014
I don’t know how this slipped past the editors of the NYT. We have at least a recognition that changing incentives are contributing to more people staying out of the workforce. Of course, excellent economists such as U of Chicago’s Casey Mulligan have done outstanding empirical analysis to show that changing government policies are making […]
-
Today is my final for macroeconomics and hopefully my students will demonstrate some level of economic understanding. However, I fear that perhaps the culture of economic ignorance which pervades our public understanding might make all my efforts for naught. Unfortunately as they leave my class they will be surrounded for the rest of their lives […]
-
Does truth matter? Ferguson, UVa and Ms. Dunham…
11 Dec 2014
Recent headlines have caused a storm of social conflict over the last month, and competing truth claims are raised to support various positions. We have Michael Brown’s shooting in Ferguson, TV star Lena Dunham’s story of sexual assault during her college years in her book, the UVa rape story of a Greek frat house sexually […]
-
One of the sad ironies of the rioting in Ferguson in the aftermath of the decision by the grand jury not to indict is that the destruction that occurred is ultimately directed at African-American communities. As Henry Hazlitt put so well in his book Economics in One Lesson, it is the mark of a good […]
-
This year’s election results have not caused Democrats to reconsider their approach, and its not just Mr. Obama who is doubling down. Part of this is the result of the election; the vulnerable red state Democratic senators that lost the election were the more moderate members of their party. The election has resulted in an […]
-
The country awaits the 9 p.m. decision tonight by a Missouri grand jury on whether to indict a white police officer, Darren Wilson, for the killing of a black youth, Michael Brown. Passions have been inflamed since Mr. Brown’s death, and a decision not to indict is widely feared to lead to further unrest. There have […]
-
A few weeks before the election, I speculated that a potential election threat to the Democrats was a significant correction to the stock market. The main reason for the speculation was the impending cessation of QE3, the Fed’s monetary stimulus program. Pretty much all market observers believe the Fed’s stimulus has at least contributed to […]
Bert Wheeler
Jeff Haymond
Marc Clauson
Mark Caleb Smith
Tom Mach