Trump Builds only Half a Bridge

Economist Arthur Laffer simplified the four keys to a sound economy. Low taxes Low regulation Sound currency Free trade Trump has delivered on the first two and he is undoing the benefit with the last two. Treasury Secretary Steve Mnuchin has expressed approval for a...

The Trickle Down Mantra

by Henry Oliner ‘Trickle down’ is the preferred pejorative of the left towards any tax cut that benefits those who actually pay taxes.  The people who use it sound like idiots to anyone with a basic knowledge of economics.  It is a tool for those who prefer a demon to...

A Portion of Keynes

  I have often wondered if Keynes would recognize the policies that are often carried out in his name.  Art Laffer and Kenneth Peterson addressed this question in The Investor’s Business Daily  in Obama Tax Hikes, Aimless Spending Ignore Keynes: The higher...

Liberal Trickle Down

Kevin Williamson writes Blue Voodoo in National Review. Excerpts: The point of rehearsing this history is not to determine whether traditional supply-side thinking on economic policy is true or false, but rather to show that it is something...

Cherry Picking Reality

from What’s The Matter With Paul Krugman? by Steve Moore in The Investor’s Business Daily Excerpts: Krugman resorts to a line of argumentation that is all too typical of liberals: Cherry-picking a few events — the occasional high-tax state that is doing...