The risk is that lawmakers, policymakers and others may overreact to the latest economic numbers without vetting them against other data, including the federal government’s recently adopted quarterly gross output statistic.
The absence of a gold standard in the United States is hindering economic growth and leading to ill-fated monetary policies, former Republican presidential candidate Steve Forbes told more than 1,000 attendees during his keynote speech at the FreedomFest conference here.
In describing his proposal as the 0-15-0 plan, Root said he would offer a one-year tax holiday for individuals that would be followed in future years by a 15% flat tax, with a zero capital gains tax.
Official measures of U.S. inflation already are above 2 percent. The risk is that the Fed will need to respond to prop up the dollar’s value or incur a dollar crisis with runaway inflation.
The split, 2-1, decision by unelected trademark board members shows the increasingly heavy hand that politics is playing in the activities of the private sector.
The European Central Bank’s (ECB) recent move to adopt what is described as “negative interest rates” to guard against deflation should lift stock prices, spur businesses to invest and help to aid lagging economic growth on the continent.
A $120 million charitable donation by Facebook President and CEO Mark Zuckerberg and his wife, Pricilla Chan, M.D., to provide fresh funding to aid the San Francisco Bay area’s public schools is worth lauding but let’s hope that the generosity will produce the desired results of improving education.
J.P. Morgan Chase’s (NYSE: JPM) announcement that it will invest $100 million in Detroit during the next five years exemplifies the critical importance of private sector involvement in spurring an economic renaissance.
Doling out government funding is a “zero-sum game” in which a limited amount of money is available and lawmakers are put in the awkward position of needing to “rob Peter to pay Paul.”
Washington policymakers recently gained access to new tools to aid them in measuring U.S. economic growth that they would be well advised to use.
A lack of consensus on tax reform issues and relatively little time to advance any legislation -- without the long-shot possibility of becoming an amendment to a broad budget bill -- leave little hope to make any progress on the short term.
Conservatives may not like his explanation that a national party must be a “very big tent” that requires compromise but he explained that the "self-promotional babble of a few" has become an unflattering image for the Republican Party.
Confirmation that governments are squandering money on ill-advised programs fueled by the easy-money policies of central banks worldwide became all-too-evident earlier this week when a European business leader responded to a question I posed at a press briefing here in Washington, D.C.