Economic Thoughts 2023 01 08

Deficit spending is stimulative to economic growth: raising taxes on business and higher interest rates are a disincentive to economic growth.  Doing both at the same time is incoherent and a recipe for stagnation. If there is a tradeoff between a recession and...

Economic Superstition

Presidents get too much credit and blame for an economy as if it turns on a dime the moment they are elected.  The right want to credit Trump for the sharp rise since he was elected, but attributes no credit to Obama for the long rise during his tenure.  In both cases...

Going Galt

My second article in American Thinker A Political Recession Excerpts: Growth is being restricted by political uncertainty more than economic policy. More business people who are either able or nearing retirement are “going Galt”, downsizing or reducing...