Now that the Supreme Court has declined to gut President Obamas health reform, its time for Republicans in Congress to re-think how they have been responding to the law. They should begin by asking three questions
Pope Francis' recent encyclical on the climate change, Laudato Si, was awful in describing what we know about climate science, dreadful in discussing possible solutions and completely wrong in understanding the role that economics must play.
Hillary Clinton is still refusing to say whether she thinks President Obama should have the same fast track authority her husband and other presidents have had to negotiate trade agreements. She is refusing to say how she would have voted the other day when Democrats in the House of Representatives abandoned their own president en masse after he pleaded with them to give him authority to negotiate with Pacific nations. Her latest comments on the subject are at best described as waffling.
Rick Perrys entry into the presidential race draws natural attention to the Texas economy.
What tax rate should rich people pay?
A week ago Friday was an unusual day for the editorial page of The New York Times. An unsigned editorial in the paper lashed out at the president for his public statements about reengaging in Iraq.
There is no domestic policy issue more important than the need to liberate Americas children from monopoly school systems that are not meeting their needs.
Studies show there are three things you can do that will almost guarantee you will never live in poverty: (1) finish high school, (2) get a full time job and (3) get married, but wait until you are 21 and dont have children until you are married. Do these three things and its very unlikely you will be poor. If you are, you wont be poor for very long.
Did Bill Gates, the worlds richest man, cause the breakdown of civil order in Baltimore? How about JK Rowling, author of the Harry Potter novels and the worlds richest woman? Is she the cause of all the mayhem?
At last count there were about three dozen potential candidates for president on the Republican side. Although Hillary Clinton is the expected Democratic nominee, should she falter, there are probably about a half dozen people ready to take her place.
Rand Pauls entry into the presidential race raises an interesting question: Just how many people consider themselves libertarian and what is the potential voting strength of this segment of the population?
By one estimate, 14 million people are newly insured because of the Affordable Care Act. In addition millions of others have more generous insurance, promising new benefits. So you might expect that doctors offices would be flooded with a host of new patients seeking more care than they had before.
Lee Kuan Yew, the first prime minister of Singapore, died last week at age 91. Almost every obituary has remarked on the radical transition his leadership heralded.
In terms of skills and education, Israel probably has the highest level of human capital per person in the whole world. Yet its per capita output is mediocre in the middle of the developed country pack. Why is that? Because Israel has been slow to adopt capitalism.
President Obamas concern about middle class economics is justified. But as I pointed out in a previous post, his prescriptions would do almost nothing to solve the problems. According to a private sector estimate, the benefit for families in the middle from all of the Obama proposals would be a paltry $12 a year. According to the Treasury Department, the benefit would be closer to $150. Either way, its small potatoes.
Heres a shocker. Rahm Emanuel may not be re-elected as mayor of Chicago.
So whats the answer? In a previous Forbes post I argued that we can denationalize and deregulate the exchanges.
"The shadow of crisis has passed," President Obama told us on Tuesday night. The State of the Union is strong," he added. But is it really?
Paul Krugman has become an embarrassment to the economics profession. Despite his Nobel Prize and despite his previous high regard in the profession, his twice-a-week editorials in The New York Times are causing even progressive economists to treat him as somewhat of a kook.
Why are you and I enjoying the bounty of the richest country in the history of the world instead of grubbing around in the forest for roots and berries the way our ancestors did?