The debt downgrade is not good, but not all that happens as a result is bad. No matter how pathetically this result is spun to reflect on the Tea Party, intransient Republicans, and George Bush the administration cannot escape responsibility.
Read More
Over two years ago I posted Tax the Poor featuring Ari Fleischer’s article in the Wall Street Journal Everyone Should Pay Income Taxes. This same idea is addressed in the blog Powerline (now added to my recommended list) in Is
Read More
An analysis on the huge drop in the stock market from the Wall Street Journal online 8/5/11- The Global Rout The Keynesians have fired all their ammo and here we are. Excerpts: If we had to single out one story
Read More
Scott Grannis at Calafia Peach Pundit writes Thoughts on Inflation and Growth August 3, 2011. Excerpt: Finally, this analysis also suggests that the Fed is going to find it very difficult to justify another round of quantitative easing. There’s too
Read More
Beyond the issue that regulations that add complexity are part of the problem they seek to solve, regulations are often used as competitive leverage of one corporation over another. While limited debit card fees to 12 cents may create a
Read More
This scene from A Beautiful Mind is a eureka moment in economics. It debunks the greed is good theory. The way to maximize your benefit is not just seek your own self interest but to seek a way that benefits
Read More
A theme I have visited frequently in this blog is the myth that more regulations make us safer or fairer. Often I point out that complex rules and regulation favor established big businesses at the expensive of smaller companies that
Read More
Regulatory Competitive Advantage
Beyond the issue that regulations that add complexity are part of the problem they seek to solve, regulations are often used as competitive leverage of one corporation over another. While limited debit card fees to 12 cents may create a