You can get a glimpse into a beautiful economy by looking back to the early 1920s. James Grant, founder of Grant’s Interest Rate Observer, has written a book called The Forgotten Depression. In it he describes how an economic crash in 1921 cured itself mainly because the government did nothing. Sound advice indeed. Listen to […]
Keystone XL—the Sound and the Fury
Is the battle over Keystone XL about creating jobs and spurring on the economy or is it about protecting pristine forests and further preventing carbon pollution? It’s neither, say most experts. Keystone XL will have little effect on climate change, production of the Canadian oil sands, gasoline prices, or the overall job market (a few […]
Higher Taxes Are the Answer!
The Cato Institute’s Dan Mitchell explains that if the goal is bigger government and more red ink, than higher taxes are a solution. Dan is America’s foremost scholarly, think tank advocate against big government and pro Federalism leading to innovation, diversity and experimentation. In his “The Best-Ever Argument for Federalism,” Dan writes, “The nation with […]
Sicily the Illinois of Italy
Italy needs to put Cato Institute Senior Fellow Dan Mitchell’s Golden Rule into play before it is too late to prevent a collapse. Here Mitchell explains: Let’s now circle back to a question asked above. Can Italy be saved? Like Mr. Farrell, I’m not optimistic. There’s no pro-market political party in Italy. And the so-called technocrats have […]
End the Fed
The Federal Reserve has been ruining the currency for over 100 years. Now there may be a way to stop it. The Cato Institute has established the Center for Monetary and Financial Alternatives. According to CEO John Allison the center will focus on the creation of a free-market monetary system in the U.S. “We have assembled […]
Greed and a Rising Tide
Thomas Sowell asks (here) why the desire to increase and retain one’s own earnings should be characterized negatively as ‘greed, yet living at the expense of others is not? Here, Cato Institute’s Michael Tanner makes the case that growing wealth at the top of the pyramid also reduces poverty along the way. From economist Thomas […]
Did the New Deal End the Depression?
Here the Cato Institute’s Dan Mitchell unveils a fascinating story of the New Deal, World War II era. Mr. Mitchell dispels long-held myths, makes historical complexities easy to understand, and offers evidence on how America can rejuvenate its economy. It’s difficult to promote good economic policy when some policy makers have a deeply flawed grasp […]
A Peculiar Prosperity
Robert J. Samuelson writes in The Washington Post that even though the economy is improving in the U.S., Americans are not reassured. There seems to be a national mistrust and a loss of confidence in the future. Middle class Americans have been hit especially hard. As Mr. Samuelson notes, “They feel poorer because they are […]
No Garden of Eden
Writing on the painful racial tensions unfolding in Ferguson, Missouri, Kevin Williamson of NRO pointedly asks who has been running the political cogs for the last 10 years in such places as Newark, Detroit, Chicago, St. Louis, or L.A.? Philadelphia, for example, has not had a Republican mayor since President Truman was in office. These […]
How to Fix America
The Wall Street Journal published its first edition on 8 July 1889, as a four-page afternoon newspaper. Three financial journalists—Charles Dow, Edward Jones and Charles Bergstresser—saw a need for objective business and markets news. Now objective, reliable news may be all in the eyes of the reader, but their aim was to publish a paper […]