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.
Frankly, I'm bored and wearied by the ongoing efforts of zealous "progressives" to demonize the "one percent".
A temporary timeout was called this week in the on-going Greek debt tragedy. Euro-zone officials and Greek politicians agreed on Friday to a four month extension of the default deadline to give themselves more time to find a solution to the intractable problem that the Greek government owes more debt than it can pay back.
To put these numbers into perspective, the Dow would have to rise an average of 27 points per week to gain an 8% return for the whole year, close to its historical average return. The last six trading days wiped out nearly a half-year of average gains.
One hundred years ago this month, a brilliant young British economist, Dennis Robertson, published, "A Study of Industrial Fluctuations". Economists regard it as a classic in the theory of the business cycle.
I am angered however at the senselessness of the whole tragic episode. Why were the police even involved in this confrontation of a man who was bothering nobody? Mr. Garner was engaged in a peaceful act of enterprise, trying to earn a little income to live a little better.
Constitutional government in America, but could lead to even further damage to the rule of law. No, I am not referring to the elections.
Social Security is unsustainable at its present level of benefits and taxes. To put Social Security on a sound footing, Congress will have to cut pension benefits or increase tax rates. Congress will not raise tax rates to pay for Social Security. Why not? The reason is simple.
This week the Federal Open Market Committee (FOMC) of the Federal Reserve will meet to consider the next phase of monetary policy. The Fed, through the policy decisions of the FOMC, has been engaged in a policy known as "quantitative easing", or QE. You would not be too far off the mark if you interpret QE as the equivalent of printing money.