Deciding How to Fail

From Kevin Williamson at National Review, Thank Goodness Trump Is a Compulsive Liar With that in mind, ask yourself this question: Given that the shortfall of our total future government obligations — not the obligations themselves, just how short we are of paying...

In Need of Fresh Ideas

I find books like Tyler Cowen’s The Great Stagnation to be refreshing and valuable not because they are right or wrong but because they offer a different perspective that what we are commonly fed. Much of our policy from both sides is an opinion of how to return to a...

Work and Productivity

One of the reasons politicians and economists fail to understand the Laffer Curve is the confusion of work with productivity.  Politicians understand that higher taxes may make people work harder to attain the same level of after tax income, but they fail to...

Calvin Coolidge Explains the Laffer Curve

The Laffer Curve is considered by its opponents to be a form of ‘voodoo economics’, to use the phrase coined by George H. Bush when he ran against Ronald Reagan before becoming his vice president.  But the Laffer Curve is just a simple graphical expression...

Religion and Economics

Jews not only monopolized money-lending prior to the fourteenth century, when Christian prohibitions against usury broke down.  The dispersion of Jews throughout the know world, east and west, also gave them international advantages in global trade and finance because...