from John Mauldin’s Thoughts from the Frontline excerpts: By encouraging a reach for yield in riskier investments because interest rates are abnormally low, the Fed has created an environment in which far more risk is being taken than is normal and
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from The Washington Post George Will writes How income inequality benefits everybody excerpts: The ranks of billionaires are constantly churned. Most of the people on the original Forbes 400 list of richest Americans in 1982 were off the list in 2013. Mark
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University of Chicago economist John Cochrane has written one of the most unique and insightful perspectives on inequality in his blog, The Grumpy Economist. Read Why and how we care about inequality in its entirety. It is about 6 pages long. excerpts:
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How Can The Middle Class Be Saved? It’s Not An Easy Job- by Robert Samuelson in Investor’s Business Daily Excerpt: History teaches us that we have less control over our economic destiny than is often assumed. At every juncture in
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University of Chicago economist John Cochrane has written one of the most unique and insightful perspectives on inequality in his blog, The Grumpy Economist. Read Why and how we care about inequality in its entirety. It is about 6 pages long. excerpts:
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University of Chicago economist John Cochrane has written one of the most unique and insightful perspectives on inequality in his blog, The Grumpy Economist. Read Why and how we care about inequality in its entirety. It is about 6 pages long. excerpts:
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John Cochrane writes in the Wall Street Journal An Autopsy for the Keynesians Excerpts: Inequality was fashionable this year. But no government in the foreseeable future is going to enact punitive wealth taxes. Europe’s first stab at “austerity” tried big taxes
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At the heart of modern progressivism is an “ends justify the means” mentality. Lies are merely myths to serve a greater purpose. HKO The progressive shift aiming to empower the average man also sought to empower the elites and technocrats
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Populism on the left requires demons more than either accuracy, facts or reality. Modern accusation of racism are a clear sign that reality and intelligence have become optional. HKO The more that the consensus is intolerant of dissent, the more
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We find that centralizing economic decisions does not solve the economic problems, it just creates a decider that is further removed from any accountability. Political self interest can be more corrupt and damaging than economic self interest, and slower to
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As a blogger with a day job, I often find myself curating other posts- selecting and commenting. Over the years I have found a few writers that I frequently return to. My Favorite writers for 2014: 1. Kevin Williamson- National
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University of Chicago economist John Cochrane has written one of the most unique and insightful perspectives on inequality in his blog, The Grumpy Economist. Read Why and how we care about inequality in its entirety. It is about 6 pages long. excerpts:
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In The Wall Street Journal Phil Gramm and Michael Solon write How to Distort Income Inequality- The Piketty-Saez data ignore changes in tax law and fail to count noncash compensation and Social Security benefits. excerpt: An equally extraordinary distortion in the
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University of Chicago economist John Cochrane has written one of the most unique and insightful perspectives on inequality in his blog, The Grumpy Economist. Read Why and how we care about inequality in its entirety. It is about 6 pages long. excerpts:
Read More
Economist John Cochrane writes in the WSJ- What the ‘Inequality’ Warriors Really Want Excerpts: Yes, the reported taxable income and wealth earned by the top 1% may have grown faster than for the rest. This could be good inequality—entrepreneurs start
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from Carpe Diem, Mark Perry writes Adjusting for transfers and taxes reduces income inequality between highest and lowest quintiles by 50% and New CBO study shows that ‘the rich’ don’t just pay their ‘fair share,’ they pay almost everybody’s share
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from How we ‘won’ in Vietnam, but are losing at home by Glenn Harlan Reynolds in USA Today So I guess we won that war after all. According to thePew Global Poll, 95% of people in Vietnam agree that most
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From the Wall Street Journal, The President of Inequality- Policies promoting equality over growth have damaged both. excerpts: All of this is especially notable because it follows the most sustained policy focus on reducing inequality in decades. President Obama’s stimulus
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Economist Mark Perry writes in Carpe Diem When we consider all US CEOs and all US workers, the ‘CEO-to-worker pay ratio’ falls from 331:1 to below 4:1 Excerpts: The AFL-CIO is comparing: a) the average salary of a small sample (350)
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Kevin Williamson writes What to Do About Wages in The National Review. Excerpts: There are basically three ways to raise incomes. The first is through capital investment that raises the value of labor. But capital investment also replaces labor in many instances,
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