Category Archives: Economics

$800B Keynesian epic fail

Maybe, just maybe, the stimulus should have been in the form of tax cuts (as JFK & Reagan did) instead of green boondoggles run by cronies and bailouts for blue state governments.   Btw – those cuts need to be … Continue reading

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Polling looks hopeful in critical WI recall election

This Tuesday’s election in Wisconsin could be very big, since unfunded public sector pensions may bankrupt us before our exploding entitlement programs do.  From California to Greece, feather-bedded health&retirement packages crowd out other spending, corrupt the politcal process, and impede … Continue reading

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European capitalism has things to recommend it, if…

File this alongside recent posts on austerity, the Euro, job creation, and the end of the blue model of governance. h/t Jonah Goldberg in Obama, Romney, and the ‘Social Market’ European capitalism has things to recommend it, particularly if you … Continue reading

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Two types of austerity

David Malpass, writing in the WSJ, makes this pleasant recommendation for rescuing the Euro: The most pro-growth outcome would be for Greece to stay in the euro, reduce government spending, and ask Europe for a mix of loans and gifts … Continue reading

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Velvet divorce

Good pieces in the Financial Times and National Review Online on the terrible range of options facing the Euro.  Splitting the currency into two (or more) would involve a dangerous an awful transition, but is the best of a sorry … Continue reading

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Some cures work, some are just snake oil.

Great graphs from The Enterprise Blog. #1 recovery is Reagan, of course.  But #2 is that other tax-cutter, JFK.

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Disappear enough job-seekers and the numbers can look barely mediocre

Atlas still on a smoke break.  Waiting for uncertainty to clear, keeping their capital in reserve for the enormous tax hikes coming to pay for all the recent spending.  At this point, why take on more employees, or make capital … Continue reading

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Crucifixion’s too good for ‘em sir

As the scene from Life of Brian says, “Crucifixion’s too good for ‘em, sir!” All the job creators in the country should just ignore the politicization of energy sources, unfunded entitlement promises, new mandates, and ideological regulation – forget all … Continue reading

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Great quip on growth

A friend today, in response to the downward revision of 1Q GDP: “That’s the maximum growth allowed while also ensuring an acceptable level of social justice. Sort of like the Phillips Curve.”

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Lots gets done in D.C. *That* is the problem.

Some gridlock!  If only! Our system has all kinds of political circuit breakers to prevent hasty or poorly-conceived actions.  That’s a feature, not a bug.  It’s when we put jumper cables around the fuses, enabling short circuits and current spikes, … Continue reading

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