The GOP’s Better Way
Rep. Paul Ryan (R-Wi) taking over the House Speakership from Rep. John Boehner (R-OH) Wikimedia Commons/Office of Speaker Paul D. Ryan On a lot of issues Donald Trump has been … Read More
Tag: Taxes
Concerns effects of taxes
Dismal Economic Numbers
Real U.S. GDP growth rate from the first quarter of 2009 to the second quarter of 2016. The maroon curve is a linear fit to the data from Q1 2014 … Read More
Economic Freedom in the United States
World Map of the WSJ/Heritage Foundation Index of Economic Freedom Image Credit: Heritage Foundation It would distress many Americans to learn the United States does not have the greatest economic freedom … Read More
Are Leftist Economies Better Than Free-Markets?
Country per capita GDP vs. WSJ/Heritage Foundation Index of Economic Freedom for 195 nations Data courtesy of Wall Street Journal/Heritage Foundation and the World Bank In a comment to the … Read More
Comparing the Economies of All Countries on Earth
World Map of countries by per capita GDP in 2014 Image Credit: St. Louis Federal Reserve District Bank/FRED Plus or minus a few controversial states (like Taiwan, the Holy See, and Palastine), … Read More
The Fed Hangs Fire on Interest Rate Rise
Janet Yellen, the Chairman of the Federal Reserve Board of Governors Wikimedia Commons/U.S. Federal Reserve As widely expected, the Federal Reserve Open Market Committee (FOMC) hung fire on raising the … Read More
The Keynesian Emperors Have No New Clothes!
The Emperor has no new clothes! Image Credit: Wikimedia Commons/Vilhelm Pedersen (1820-1859) Given all their failures in suggesting successful economic policies around the world, one would have thought … Read More
The Thoughts that Haunt Me
A profligate government bureaucrat with you behind him! (c) Can Stock Photo More and more, the words haunting me are the ones I wrote in the final sentence of my … Read More
The Anguish of a Conservative Voter
OMIGOD! Donald Trump is going to be the Republican nominee!! (c) Can Stock Photo Now that Donald Trump is the presumptive nominee of the Republican Party, what is a principled … Read More
An Indonesian Reagan
Joko Widodo, President of Indonesia Photo Credit: Wikimedia Commons/Government of Indonesia For a country that is widely reputed to have a lot of crony capitalism, Indonesia is pretty lucky to … Read More
Crony Capitalism
World Map of Transparency International’s perception of corruption index for 2015 Wikimedia Commons/Turnless If there is one area of agreement between believers in capitalist free-markets and American Leftists, it is that … Read More
Do the Rich Pay Their Fair-Share of Taxes?
Target the Rich! (c) Can Stock Photo The far-left in the United States — including President Barack Obama and the two Democratic Party candidates, Bernie … Read More
Economic Plans of Trump, Sanders, and Clinton Are Fantasies
Donald Trump, Hillary Clinton, and Bernie Sanders: A rogues gallery of economic ignorance Image Credits: Top Left to Right: Wikimedia Commons/Michael Vadon, Wikimedia Commons/Voice of America Bottom: Wikimedia Commons/Gage Skidmore … Read More
U.S. Stock Markets and the Economy, April 2016
Candle charts of Dow 30 index on top, S&P 500 on bottom. Blue overlay curves are 50 day moving averages, Red curves are 100 day moving averages. Images courtesy of … Read More
The Long-Term Economic Stagnation the World Faces
Alvin Hansen (1887-1975): Keynesian economist who invented the Keynesian idea of secular stagnation Photo Credit: Rugusavay.com Larry Summer’s project to revive Alvin Hansen’s idea of secular stagnation is gaining in … Read More
Rational Expectations, Market Clearing, and Real Business Cycles
The University of Chicago, where much of New Classical Economics was built by Robert Lucas, Jr. Photo Credit: Wikimedia Commons In my last post I began an examination of what … Read More
The Political Defense of US Capitalism
Storm Clouds of Socialism (c) Can Stock Photo / leedsn This essay is a continuation of my previous … Read More
The Actual U.S. Distribution of Wealth Today
Standard Oil stock certificate from 1896 – A share of wealth Photo Credit: Wikimedia Commons/Rjensen at English Wikipedia This is the fourth essay in a series of posts on the … Read More
Distribution and Use of Wealth in U.S. Capitalism
Claim checks on wealth. Image Credit: Freeimages.com/Jon Syverson This is the third part of a series of posts on the effects of Capitalism on the culture of … Read More
U.S. Stock Markets and the Economy, February 2016.
Investors in the stock market getting their thrills! Wikimedia Commons/Boris23 The last few weeks with the stock markets have certainly been an exciting roller coaster … Read More
The Bad Examples of the ECB and BOJ
Mario Draghi, President of ECB, and Haruhiko Kuroda, Governor of BOJ Photo Credits: Wikimedia Commons/World Economic Forum and Asian Development Bank Now there are two central banks living in Alice’s … Read More
An Astonishing Thought About Taxes
photo credit: Taxes – Illustration via photopin (license) This morning I read an astonishing conjecture that something could actually be done this year about the tax burdens hobbling the American … Read More
Big Corporations Abandoning the U.S. at an Increasing Rate
Abandon Ship! Photo Credit: Flickr.com/Just Taken Pics The flow of big corporations abandoning the United States for more friendly business climates is increasing steadily. Some of the … Read More
Cutting Government Expenditures
Federal government budget considerations (c) Can Stock Photo/robwilson39 I have been promising for some time now, most recently in What to Do About Keynesian Secular Stagnation, to discuss how the … Read More
How to Solve Problems in Chaotic Social Systems
The problem space: a system with chaotic boundaries Image Credit: Wikimedia Commons/Eequor In Central Planning for Chaotic Social Systems I discussed how social systems, particularly economic systems, are really chaotic … Read More
What to Do About Keynesian Secular Stagnation
“I’m here from the government, and I’m here to help!” Image Credit: FreeImages.com/Daniel Perry In the preceding post The Keynesian Excuse: Secular Stagnation, I described the Keynesian revival of the … Read More
Hillary Clinton’s Proposed Destruction of the Economy
Hillary, the Left Face of Obama Image Credit: Flickr.com/azrainman It is virtually impossible to discern anything positive about Hillary Clinton’s proposals … Read More
The Rahn Curve, Hauser’s Law, the Laffer Curve and Flat Taxes
Hauser’s Curve Image Credit: Wikimedia Commons/Sugar-Baby-Love If you were to plot federal government tax revenues as a fraction of GDP versus time, … Read More
Short Note on US Economic Health
S&P 500 index at 12/1/2015 Image courtesy of StockCharts.com If you do a short search in … Read More