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The Government of the 1%

Carly Fiorina schools Hillary on the economy in Hillary Clinton Flunks Economics in The Wall Street Journal: People at the top seem to be doing just fine under the policies she extols. As this newspaper reported last year, in the period 2009-12, 95% of income gains...

QE Distortions

From The Wall Street Journal, The Fed Has Hurt Business Investment by Michael Spence and Kevin Warsh; During the past five years earnings of the S&P 500 have grown about 6.9% annually. As the table nearby shows the current profit picture pales in comparison to...

Weeding the Economy

Economist John Cochrane wrote a 10,000 word essay, Economic Growth.  Scott Grannis blogged some excerpts here:  a few of them: Our economy is like a garden, but the garden is choked with weeds. Rather than look for some great new fertilizer to throw on it, why don’t...