Yesterday President Obama announced he is not going to be hindered by lack of congressional action on Global Warming; he’ll use Executive Orders to implement his vision, since Mr. Obama avers that “We don’t have time for a meeting of the Flat Earth Society.” The WSJ has a nice editorial on this today, noting that […]
Archives
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That’s Not Fair
25 Apr 2013
Economic issues are once again afoot, and, as usual, they are connected to politics. The Marketplace Fairness Act has been introduced in the Senate and may be voted on this week. The title of the bill is misleading. Its supporters argue its purpose is to “level the playing field” between traditional physical businesses and the upstart […]
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PIMCO’s Bill Gross came out swinging today against European austerity today, this after reports that Reinhart and Rogoff’s well-regarded work on debt had some statistical errors on the danger of debt. So today Mr. Gross told the FT, “The U.K. and almost all of Europe have erred in terms of believing that austerity, fiscal austerity […]
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Immigration Reform: Response to Marc Clauson
16 Apr 2013
I thank my esteemed colleague, Marc Clauson, for his timely response to yesterday’s post on immigration reform. I do look forward to the ongoing debate on this issue as Congress crafts immigration reform legislation. Immigration policy has been problematic for decades with major revisions in the law in 1996 and 1986. Unless our current law […]
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Immigration Reform Misses the Mark
15 Apr 2013
The ”gang of eight” (Senators Schumer, McCain, Durbin, Graham, Menendez, Rubio, Bennet, and Flake) is expected to release the long awaited bipartisan framework for comprehensive immigration reform tomorrow, April 16. While the legislation will go through Congress’s meat grinder of debate and approval, the four pillars of the proposal do provide another rung in the […]
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Rather than a single subject today, I’d like to offer some quick thoughts on several recent economic events and get your feedback on what you’d like to hear more about. Post in the comments if you’d like more details. First up, we are told we will finally have a budget submitted by the President this […]
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Economic Freedom in the 50 States
28 Mar 2013
Arthur Laffer and Stephen Moore published a very interesting editorial in today’s Wall Street Journal. The editorial highlights the fact that states which have more economic freedom are more prosperous than states with less economic freedom. States with lower taxes and less onerous regulations provide a better environment for entrepreneurship. This relatively rich economic soil […]
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Good news about economic growth? While consumer confidence took a nosedive in March thanks largely to continued fiscal uncertainty focused on the sequester, business investment is up in the first quarter of 2013. Although uncertainty over the fiscal sanity of our politicians and unease about the global economy are still very real, some US firms […]
Bert Wheeler
Jeff Haymond
Marc Clauson
Mark Caleb Smith
Tom Mach