The Latest

Stimulus in the House

The problem with Jonah’s argument is that congressional Republicans were never really willing to concede the principle that stimulus was needed.  Their tax plan was just a rehash of old ...

New New Deal

I agree with Jim Powell that FDR made many mistakes that prolonged the Great Depression. In addition to raising taxes, I specifically mentioned the NIRA and his manipulation of the ...

Obama, TARP & Exec Pay

My main fear is that executives running financial institutions will refuse to participate in the government program, even though it makes sense for their companies, because they don’t wish to ...
Politics & Policy

Civil Slowness

Today marks the 45th anniversary of the 1963 march on Washington for civil rights. Today is also the day when Sen. Barack Obama will formally accept the Democratic presidential nomination. ...
Politics & Policy

Republican Euthanasia

As someone who has been highly critical of George W. Bush’s repeated violations of conservative principles for a number of years, last week brought some vindication. His endorsement of an ...
Politics & Policy

Get Ready for Hillary

As each day passes, it becomes increasingly clear that the Democrats will win the White House next year. It’s not quite 1932, but it’s getting close to a sure thing. ...
Politics & Policy

Tax Winners & Losers

As is the case every April, the deadline for paying one’s federal income taxes brought forth many news features on the burden of taxation. This year was no different, with ...
Politics & Policy

Blog!

On April 6, I had an article in the New York Times arguing the term “supply-side economics” (SSE) had outlived its usefulness. I wasn’t criticizing SSE. On the contrary, I ...