Today, I think most people believe that for the government, if not for themselves personally, money really does grow on trees. Encouraged by the magic of Keynesian Economics, politicians have been allowed to spend $20 trillion more than they collected in taxes.
President Trump unveiled his plan to reform individual and corporate taxes. At first reveal, the media focused its attention on the news that the President wants to lower the corporate tax rate to 15% from its current level of 35%, highest among developed economies. Knee-jerk reactions are predictable.
I am not a theologian, but the A&W Pledge feels consistent with a Christian perspective on living in community. Each member of the community is obligated to be accountable for their own well-being.
P. J. O'Rourke, the libertarian author and humorist, made a side comment in a recent interview in which he offered three criteria by which to assess public policy proposals; does the policy promote the dignity of the individual, does it enhance the liberty of the individual, and does it encourage the individual to live a responsible life?
President Trump commented at his press conference last week that he "inherited a mess". His comments sparked a loud opposing response from the mainstream media to the effect that President Trump inherited a healthy economy from President Obama.
"Protectionism" was a key theme in President Trump's inaugural address. "Protection will lead us to prosperity and strength." Later that week, President Trump backed up the rhetoric with action; he pulled the US out of the Trans-Pacific Partnership trade agreement.
The Democrats fought fiercely to defend the status quo in education. This is a shame, for Secretary DeVos presents a great opportunity to try some new approaches to improve education in America.
Sometimes following a train of thought can lead you to some distant places. Come along in this column as we mentally travel from technological innovation at Amazon to revamping the tax system that finances Social Security and other social insurance schemes.
When Donald Trump goes to Washington, DC to "drain-the-swamp" he will find some big, old, nasty economic alligators lurking in the weeds. These economic alligators made their home in the swamp because President Obama and previous Congresses agreed to leave them alone.
Thank you, Donald Trump! You are not the candidate I would have chosen to speak for the abused and dis-respected American worker and taxpayer, but you were the one who made their cause your cause.
Except that in 1776 not all the inhabitants in the land were free. Many were enslaved. The blatant contradiction between the ideal of proclaiming liberty and the fact of slavery could not endure. Abolitionists adopted the bell as a symbol for their movement to rid the nation of slavery.
Many people I've talked to recently are disappointed with the choices of presumptive Presidential candidates, Hillary Clinton and Donald Trump. That's understandable. Both Clinton and Trump are flawed candidates, vehemently opposed by significant portions of the population.
Are you a low interest rate person? Donald Trump is. In a widely reported interview on CNBC last week, Mr. Trump emphasized that he is "a low interest rate guy."
Are you offended by the recent spate of companies opposing the right of Americans to exercise freedom of conscience? Indiana, Arizona, Georgia, North Carolina, Missouri and Arkansas have come under sharp attack from Apple, Disney, the NFL, and the NBA, among others.
One of the too-few happy days in the twentieth century was November 9, 1989, the day the Berlin Wall came down.
I had the occasion this week to dust off my old copy of "The Way the World Works" by Jude Wanniski, a close advisor to former HUD Secretary and former Congressman Jack Kemp, back in the day when the Carter malaise had us thinking much in the way we do today.
Readers of the Christian Post are familiar with the IRS scandal directed against Tea Party related organizations. The misuse of the IRS as a political weapon did not begin with President Obama and suppression of the Tea Party however.
As a professor of economics, I read a lot of analysis from many different sources; economists, investment advisors, policymakers, and business leaders. There has never been such a divergent range of opinions, from people whose opinions I respect, than right now.
While riding in the car with my wife the other day, a story came up on a news radio station that caught my attention. An earnest community activist was warning the listeners of one of the dangers in shopping for Christmas toys; the danger of falling victim to gender-based pricing.
Back in the '60s, President Lyndon Johnson tried to wage the Vietnam War and launch the welfare programs known as the "Great Society" at the same time. In a classic example of the "guns and butter" tradeoff, the president was unwilling to make a decision between guns or butter.
What we need in Corporate America is not more laws and regulations, but a major rethinking about the purpose of Business.
One of the best compensations a college professor receives is the summer holiday. No lectures to prepare, no papers or tests to grade, and no faculty committee meetings to endure.
In this Greek drama there are no good guys, only bad guys.
This Friday the Labor Department will release the Jobs Report for May. The monthly Jobs Report is based on data from a survey of 60,000 households and from a separate survey of business establishments.
Our largest expenditure each year, by far, is the share of earnings that goes to our national government. Like me, you probably carefully consider how to spend each available dollar left over after taxes.