The nation that demonstrated the inestimable strengths of capitalism was founded by self-starters who arrived from elsewhere, which leads us to the next factor vital for economic growth: immigration. Everyone living today in the United States either came himself or
In 2008 General Steel, Inc, the company I run, had a good year. We generated record sales, profits and taxes. In 2009 volume fell sharply as a result of the credit collapse, the collapse of the prices of the commodities
Economist Scott Grannis writes in his blog Calafia Beach Pundit – Retail Sales and Supply side economics. 10/14/11 Excerpt: The continued strength in retail sales also shows that consumers in aggregate can spend more even as they deleverage. In the chart
Economist Scott Grannis writes in his blog Calafia Beach Pundit – Retail Sales and Supply side economics. 10/14/11 Excerpt The reason Obama’s “stimulus” plans haven’t worked is that in grand (and mistaken) Keynesian tradition, they have focused on stimulating demand,
We are still very much a nation of capitalists. But we are a nation that is increasingly reining in our capitalist instincts with regulations that make it difficult to open a business and make a profit, and with taxation that
The Occupy Wall Street felt the need to develop a new way of communicating in crowds: Of course a new method of communicating does not mean they have anything meaningful to say. A more detailed explanation of the hand signals: But even with this new
I discounted much of what was happening on the Occupy Wall Street rallies and its sister rallies in other cities. The movement seemed shallow and unserious. Many of the marchers just sound like idiots: it was hard to find any
I’m proud to be paying taxes in the United States. The only thing is – I could be just as proud for half the money. – Arthur Godfrey.. Taxes are often defended as the price we pay for a civilized
It is just when you hear the words that “this is not a war on the wealthy” that you can expect exactly that. During the Clinton years they put a cap on the wages of corporate executives. Only the first
“You dropped a hundred and fifty grand on a fuckin education you coulda got for a dollah fifty in late chahges at the public library.” From the movie Good Will Hunting. Among the lessons we are still learning from the
Preaching that this is not class warfare generally precedes a volley in the self destructive attacks on the wealthy. It is like the shyster who precedes a dishonest act with “trust me.” There was some news of some of the
Rich Lowry writes The Jobs Rule in The National Review Online 10/7/11. Excerpt: Pres. Barack Obama loves his “Buffett Rule” for taxes. He’d be better served by adopting the “Jobs Rule”: Government’s role is to provide the structure of order and
Victor Davis Hanson writes Why Does the Good Life End, published in Pajamas Media 9/25/11. Excerpt: Redistribution of wealth rather than emphasis on its creation is surely a symptom of aging societies. Whether at Byzantium during the Nika Riots or
Ever since the assassination of Bin Laden I have been pondering the war on terror. Some would say I was late to the game. I was glad to see Bin Laden killed, but I stilled questioned the method. We invaded
I am hesitant to add to the many fine words sure to be written about Steve Jobs and his life but here are my immediate thoughts. Steve Jobs embodied the absolute best that is America. He created a new idea
While our political conversation should be focused on the deficit and unemployment, or the size and role of the government in our lives, we have been distracted by rhetoric on fairness and the wealthy. We are mislead by extreme examples
Rick Richman writes in Commentary, What Happened Before Nothing Happened?- 10/2/ 11 He responds to a common refrain that the Palestinians are frustrated from a lack of progress: (1) In 2000, the Palestinians were offered a state by Israel, and
From Benjamin Netanyanu’s speech at the UN on 9/23/11 per the Weekly Standard. These people say to me constantly: Just make a sweeping offer, and everything will work out. You know, there’s only one problem with that theory. We’ve tried it
Wisconsin Representative Paul Ryan writes a book review on Jeffrey Sachs’ The Price of Civilization in the Wall Street Journal , America’s Enduring Ideal, October 1, 2011. (The full article may only be available to subscribers which I strongly encourage.)
More than few from the opposition have criticized corporations for sitting on too much cash. Companies are not in the cash holding or cash management business. Especially in today’s environment of near zero return on short term holdings, one should
A Nation of Immigrants for Immigrants
The nation that demonstrated the inestimable strengths of capitalism was founded by self-starters who arrived from elsewhere, which leads us to the next factor vital for economic growth: immigration. Everyone living today in the United States either came himself or