Tag Archives

Archive of posts published in the tag: Scott Grannis

Economic Thoughts 2019 02 02

Typically, the economy rebounds sharply after a deep recession like 2008.  The slow growth experienced could have shown a delayed effect unleashed by the Trump election.  The market may have been cheering more for the removal of impediments to growth than it was to the prospect of tax cuts and deregulation.  Emerging from a long period of slow growth may have the same effect as emerging from a deep recession.

Read More

It’s the Productivity, Stupid

Critics of the tax cuts do not trust the corporations to spend their cuts wisely.  This is the tragic flaw of progressivism.  We are supposed to trust the infinite wisdom and political interests of the state to spend our money, but always suspect the same money in private hands.

Read More

Growth Elements are Now in Place

Deficits do matter, but like the stimulus it also matters how they are spent.  Stimulating demand is less effective than stimulating investment.  Demand stimulus is only effective briefly under certain conditions. Stimulating investment pays dividends (pun intended) much longer.

Read More

The High Cost of Slow Growth

Scott Grannis at Calafia Beach Pundit is one of my favorite economics bloggers. He does not post often, but when he does he produces some real gems.  His work includes illuminating graphs that supports his clear analysis. An excerpt from This…

Read More

It’s the Growth, Stupid

Scott Grannis at Calafia Beach Pundit is one of my favorite economics bloggers. He does not post often, but when he does he produces some real gems.  His work includes illuminating graphs that supports his clear analysis. While I have…

Read More

The Wall of Worry

an excellent post from Scott Grannis at Calafia Beach Pundit, The Bad news is why I am optimistic Grannis is one of my favorite economics bloggers- and one of the few that seems to combine a sense of harsh reality…

Read More

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…

Read More

A Culture of Non Productivity

From Scott Grannis at Calafia Beach Pundit,  The Problem is The Lack of Productivity That it has not grown faster despite extremely low interest rates and very accommodative Fed policy is not evidence of the failure of monetary policy or…

Read More

Occam’s Economy

from Scott Grannis at his blog, The California Beach Pundit, The $3 trillion cost of bad policies excerpt: The federal government borrowed $7.8 trillion over the course of the past seven years and handed most of the proceeds out in…

Read More

A Prescription for Unrest

Scott Grannis writes in his blog, Calafia Beach Pundit, Too much poverty, or too much aid? excerpts: In 1970, the population of the U.S. was just over 200 million. Today it is approaching 320 million. When the food stamp program…

Read More

When All Else Fails….

from Scott  Grannis at The Calafia Beach Pundit, Why the Global Gloom: excerpt: Despite all the gloom out there, and despite all the disappointment, there is reason to be optimistic. If we’ve learned anything in the current recovery it’s that 1)…

Read More

Raising the Price of Exit

from Scott Grannis from Calafia Beach Pundit, Obama’s attempt to block tax inversion is a mistake; As the WSJ article notes, it’s still questionable whether the administration has the authority to block inversions via executive order. But in the meantime,…

Read More

Flushed Down the Keynesian Drain

from Scott Grannis in his blog The Calafia Beach Pundit, What happened to all the profits? excerpts: Here’s the failure in a nutshell: The government can’t stimulate the economy by borrowing from Peter and sending a check to Paul, because…

Read More

The Myth of Government Spending

from Scott Grannis at Calafia Beach Pundit, Taxes Don’t Lie excerpt: As a supply sider, I don’t see the logic behind the theory that more government spending is stimulative and less is restrictive. How can taking money from those who…

Read More

Working is Optional

from Scott Grannis at Calafia Beach Pundit, What’s driving the decline in labor force participation? Excerpt:   The next most distinctive feature of the current recovery is the unprecedented decline in the labor force participation rate, shown in the graph…

Read More

The Great Divergence

From Scott Grannis at his blog, Calafia Beach Pundit Taking the measure of the our discontent: Excerpt: If one thing stands out in these charts, it is the abruptness and the severity and the persistence of the divergence from long-term…

Read More

Shedding Light on the Minimum Wage

from Scott Grannis at Calafia Beach Pundit,  Minimum Wage Factoids. Excerpts: But don’t take my word for it, just look at the facts as calculated by the BLS, in their Characteristics of Minimum Wage Workers 2012: In 2012, 75.3 million workers…

Read More

Are The Rich Paying Their Fair Share?

Scott Grannis posts in his blog,  Calafia Beach Pundit, Tax Shares Update: In 2011, it took $389K or more of adjusted gross income to make it into the top 1% of income earners, and they paid 35% of all federal income…

Read More

Obama’s Kryptonite

My criticisms of Obama Care have been long and many. Scott Grannis at Calafia Beach Pundit has an excellent post summarizing the hubris and damage of this horrendous bill.  Read The Obamacare Nightmare. Excerpts: For starters, it is inconceivable that…

Read More

A Restrained Economy

From Scott Grannis at his blog, Calafia Beach Pundit, Why Is Everybody so Gloomy? 3/21/13 So much money was handed out in such a relatively short period that it could conceivably have caused perverse incentives (e.g., rewarding those who weren’t working)…

Read More