Historically low marginal tax rates on financial capital are having a predictable effect: The amount of capital fueling business creation, funding capital expenditure, and financing the commercialization of knowledge is ...
The Immigrant Shortage
Immigration policy has become a hornets’ nest. President George Bush’s pledge to “secure the borders” and resolve the problem of illegal workers has received mixed reviews. Congressional efforts to liberalize ...
What Ails Mexico’s Economy?
Mexicans illegally cross into the U.S. in the knowledge that there’s a ready market for their labor at wages that represent a premium over what they can earn in their ...
Commodities, Global Growth, and Inflation
Confirmation that the ongoing rise in commodity prices is of economic origin and not a worrisome monetary phenomenon comes from a Kudlow & Co. survey of 51 of the world’s ...
Gold Signals, Yellow and Black
For months, gold has been giving a false inflation signal. Oil’s steep price rise is part of the reason, but other important factors include growing anxiety over Iran’s nuclear intentions, ...
Do No Harm
By Lawrence Kudlow & William P. Kucewicz
With gold knocking at the door of $470 an ounce, a degree of uncertainty has crept into the inflation outlook, making today’s likely quarter-point ...
Pro-Growth, Post-Election Japan?
Prime Minister Junichiro Koizumi’s victory in this past Sunday’s general election ensures Japan will remain on the path toward privatization — a policy that is as much a demographic imperative ...
Germany’S Art Laffer
With a month to go before the general election and polls showing some erosion of support, Christian Democratic Union (CDU) leader Angela Merkel decided to add the Arthur Laffer of ...
Indian Tiger
By Larry Kudlow & William P. Kucewicz
In what could become the world’s most significant 21st-century strategic alliance, a strengthened partnership is forming between the two largest English-speaking democracies: the U.S. ...
Merkel’S Messy Manifesto
Don’t expect a supply-side transformation of the German economy even if, as predicted, the Christian Democrats, led by Angela Merkel, win the coming general election. Indeed, where else but in ...