Back in 2002, then-Vice President Dick Cheney claimed “Reagan proved deficits don’t matter” and went on to push for tax cuts combined with more federal spending. Indeed, the Bush administration…
Category:
Politics
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It is hard to ignore the headlines about US corporate profit margins stabilizing at their highest level in decades. This information has provided plenty of ammunition for populist commentators and…
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The United States House of Representatives’ passage of the Limit, Save, Grow Act of 2023 is a big Republican failure addressing the debt ceiling. The debt ceiling would be raised…
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Economically speaking, the US government is bankrupt even if the government won’t admit what is obvious. But how would an actual bankruptcy proceeding go? Original Article: “In the Event of an…
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Progressive governments in the name of equity are calling for taxation of capital gains. They really are demanding destruction of capital through capital consumption. Original Article: “Taxing Capital Leads to…
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The character Mike Campbell in Ernest Hemingway’s 1926 novel The Sun Also Rises was asked about his money troubles and responded with a vivid description embracing self-contradiction: “‘How did you…
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A “civil society” is a community of individuals who are linked together by common interests and activities. Common interests include being able to walk the streets safely (peace) and to…
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With negative growth now falling to near –10 percent, money-supply contraction is now the largest we’ve seen since the Great Depression. Original Article: “The Money Supply Has Plummeted in the Biggest…
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Despite the soothing hot air from the White House and Fed officials, the financial system is becoming increasingly fragile and unstable. Maybe all of that intervention the past decade was…
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Modern culture is biased against those that are rich even while depending upon the wealth that successful entrepreneurs have created. Original Article: “Progressives Want to Eliminate Wealthy Entrepreneurs but Need the…