We should remember that the key goal of fiscal policy is – or should be – to have government grow slower than the private sector. To determine whether states are satisfying my Golden Rule, you need the Tax Foundation data on spending, but it needs to be augmented by similar data for economic output.
This is a very interesting earning season where distinctions are being made between winners and losers within the same industry and sector; disasters aren't dragging down rivals or the entire market and winners pop but, typically close lower as some profit-taking kicks in. In the meantime, winners are being rewarded immensely.
Those attending the iProperty.com International Property Expo in Singapore, to learn about "the best property in Asia" can win a free house by attending. The location of that house, however, might just be the most laughable "prize" in convention history.
I’ve never before seen the opposition so paralyzed before missteps, blunders, gaffes, scandals, admitted incompetency, greed, overreach, mismanagement, lies, outrageous crimes and…did I say greed?
On June 10, we told Ransom Notes listeners that the stock would probably bounce once more at $49, then recover to $56, both of which happened by July 11. The stock price is up 26% since our buy signal, broke past $56 in mid-July, and continues to climb.
Let’s expand the corporate welfare state. . . After all, it worked out so well for GM and Detroit. Tad DeHaven, with Cato, joined the program to discuss the way States and the Feds are trying to pick winners and losers. (They’re mostly picking losers, by the way.)
Oh my goodness, what an absolute delight it would be — I’m referring to the chance of being a historian years from now as the books are written, comprehensively describing the financial crisis of 2007-2008. I’m sure that many of the books will focus on the whys and wherefores.
I apologize for the cheering crowd at Knox College in Illinois. Seems the mass exodus from Illinois (Ala Detroit) left behind the economically challenged, and liberally indoctrinated; although a group of them did end up in the White House.
At a Republican Governor’s forum in Aspen, Colorado, New Jersey Governor Chris Christie blasted Libertarians as “very dangerous.” The Governor noted his troubles with the spread of libertarianism in both political parties, specifically targeting U.S. Senator Rand Paul (R-KY).
President Barack Obama says this recovery is better than most because of Obamacare – and he accused Republicans of making up “fake” scandals. Apparently the President’s intellectual dishonesty has few limits.
Global social network icon Facebook, Inc. reported second quarter ad revenue up 61% year-over-year, surprising Wall Street with its rapid transition from desktop to mobile advertising.
One of the major concerns that has been voiced over the future of precious metals, particularly gold, as an investment is that when the economy gets better and the Federal Reserve finally decides to reverse policy and raise interest rates, the price of gold will plummet.
Riding on horses and ponies, some 50 Chinese soldiers intruded into the Indian territory of Chumar in Ladakh region in northwestern India on 16 July. They re-asserted the Chinese claim to the area and returned to China. Since then two additional Chinese incursions were reported on 18 and 20 July.
Barack Obama is "pivoting" - again. He wants us to stop worrying about all the "phony scandals" and pat him on the back for the fine job he's done leading the economic recovery for the last four-plus years.
About two weeks ago, while making an important point about the Laffer Curve, here’s what I wrote about the fiscal disaster in Detroit.
Yesterday morning I had an opportunity to visit with an organization called World of Money dedicated to teaching young kids, mostly inner-city youth, about money. At times watching these kids go through their lessons I was moved to having to choke back tears. These would be tears of joy and pride.
Inquiring minds are digging into the latest Durable Goods Report by the Census Bureau.
If Democratic support for Obamacare fell because more Democrats suddenly wish the law went farther, that drop would occur first and primarily among left-wing Democrats, not moderates and conservatives.
In a recent op-ed for the Indianapolis Star I discussed the symbiotic relationship between federal and state government when it comes to doling out corporate welfare subsidies.
Yes, the most transparently opportunistic administration is becoming more transparent every day. In the midst of negotiations for a free-trade agreement between Europe and the U.S., the NSA Papers, made transparent by Edward Snowden, reveal that America has been spying on allies as well as enemies.
A liberal community organizing outfit in the great state of New-New-York (Colorado) was forced to delay their “gun-buy-back” program because of new laws mandating universal background checks. Their attempts were foiled by a law that mandates any “transfer of arms” must be accompanied by a background check. God, it turns out, has a tremendous sense of humor.