Author Archive
Is Tax-and-Spend Worse than Borrow-and-Spend?
Larry Kudlow interviewed Rudy Giuliani (transcript here), and they naturally started bashing Obama. Here’s Kudlow’s question: Kudlow: [O]ne of the big topics of this program tonight for investors is, are we going to return to a real tax-and-spend approach to economic policy, which was used in the 1970s? As you well know, it caused — […]
Read moreWill Dollar Fall Another 40 Percent?
“Jurg Kiener, CEO of Swiss Asia Capital, expects the dollar to lose another 30% – 40% on the dollar index over the next 3 – 4 years.” See the full story. I’m not sure about the specific magnitude of his prediction, but I definitely agree that the dollar still has to slide significantly, in order […]
Read moreAre You Rich If You Make $250,000?
Barack Obama has suggested that people making $250,000 are rich, and so can afford to pay higher taxes. Now there are all sorts of quibbles we could raise. For example, if you are a young, single professional, then $250,000 per year allows you to live it up. On the other hand, if you are in […]
Read moreWe Need Privacy From the Government
At LRC today I have an article explaining why the free market provides the efficient amount of privacy, while government is the true threat. An excerpt: Even in a completely free society where everyone respected private property rights, it would still be the case that your doctor would know what medications you were taking, your […]
Read moreTyler Cowen Accidentally Confirms Austrian Business Cycle Theory
This is almost too delicious to be true. Back in January 2005, Tyler Cowen (an econ prof at George Mason who runs the very popular blog MarginalRevolution) had a post titled, “If I believed in Austrian business cycle theory.” It’s hilarious because Cowen did (and does) not believe in ABCT, yet his “predictions” were uncanny–I […]
Read moreOffshore and ANWR Drilling Would Lower Prices Immediately
Notwithstanding certain politicians’ claims to the contrary, if the federal government gave the green light to development of ANWR and offshore oil deposits, prices would fall immediately. This is because producers with excess capacity in the present (basically, Saudi Arabia) would see the drop in future prices (because of the new barrels hitting the market […]
Read moreAre We in a Recession?
Unable to fool the public into thinking things are rosy, here is now the “consensus” view from official economists: “The U.S. economy may have avoided a recession but will grow below trend for some time…” Isn’t it surprising that during the worst financial crisis in decades, with record oil and food prices, and with the […]
Read moreHow Secure Is Your Bank’s Website?
Some commonsense tips that are worth skimming. For example, I knew about “https” but I didn’t realize the shading of the URL bar meant anything. Thanks to Robert Wenzel for the link.
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