Politics & Policy

Tax the Rich More, Reduce Inequality?

By John Tamny July 9, 2007

David Wessel recently wrote in the Wall Street Journal of a new policy proposal from the “pro-globalization crowd” that is meant to soften the blow of globalization. The plan — ...

Politics & Policy

Gates’s Marshall Plan Falls Short

By John Tamny June 25, 2007

Microsoft founder Bill Gates used the occasion of his Harvard commencement speech earlier this month to expound on the new philanthropic phase of his life’s work. In doing so, he ...

Politics & Policy

Hillary Clinton’s Backwards “Progressive Vision”

By John Tamny June 8, 2007

In a speech last week in New Hampshire, presidential candidate Hillary Clinton outlined an economic vision of “shared prosperity” that centered on raising the incomes of American workers who were ...

Politics & Policy

China’s Fed Standard

By John Tamny June 1, 2007

When President Bush tapped Ben Bernanke to take over at the Federal Reserve, Sen. Lindsey Graham was very generous with his praise toward the outgoing Fed chair. He told reporters, ...

Politics & Policy

The Fed’s ‘Resource Utilization’ Problem

By John Tamny May 22, 2007

The Federal Reserve chose to keep its target for the fed funds rate at 5.25 percent at its latest meeting, and the language in its statement stayed much the same, ...

Politics & Policy

Getting the 2007 Dollar Right

By John Tamny December 27, 2006

‘As a result, the market started to do much of the stabilizing for us, selling sterling when it approached DM3 and buying sterling whenever it dipped below it.” This quote is ...

Politics & Policy

The Unfairness of a “Fairer” Economy

By John Tamny November 28, 2006

A fall campaign pledge of the Democrats was to “make our economy fairer.” And if by “fair” they intend to make us marginally less productive, but more “equal” in terms ...

Politics & Policy

A Very Bullish GDP Number

By John Tamny November 15, 2006

Most economists and media members were downcast after the announcement that GDP grew only 1.6 percent for the third quarter, a number that seemingly confirmed gloomy assumptions about a slowing ...

Politics & Policy

What Should the Fed Watch?

By John Tamny November 3, 2006

An article in Monday’s Wall Street Journal indicated that Federal Reserve officials have discussed how to communicate a numerical inflation target to the public. Aside from disparate opinions among Fed ...

Politics & Policy

Tech Booms Trump Baby Booms

By John Tamny October 24, 2006

The Brookings Institution’s William Frey says a growing population is needed “to maintain the youth and vitality of our labor force.” With a birthrate of 2.1 children per woman, the ...