When holding an investment long-term earns a lower return than holding the investment short-term, it’s not a good sign. An inverted yield curve, which is what happens when 10-year Treasuries…
Is Today’s Growth Sustainable? It Depends Who You Ask.
Many journalists and economists are still skeptical about the impact of tax reform and deregulation, in spite of current economic growth and the lowest rate of unemployment since before the…
Tax Reform Busts Myth of “Secular Stagnation”
The two approaches most often used by government to help the economy grow are the Keynesian approach of stimulus spending and low interest rates, and the more free-market approach of…
JOBS 3.0: More Studies, but Some Deregulation, Too
Yesterday we highlighted features of JOBS 3.0, which combines 32 separate bills into one. Many of the bills are merely housekeeping items with lofty titles, but, taken as a whole,…
Bipartisan JOBS Act 3.0 Could Boost IPOs, Economy
When some of the more extreme members of the Democratic and Republican parties vote for legislation that would help spur economic growth, you would think it would be big news.…
Furman: Economy Growing Faster Than Government Says
So how fast is the economy really growing? Estimates for growth in gross domestic product (GDP) for the second quarter of 2018 range from 3.8% to 4.8%, but the Bureau…
Momentum Building for Indexing Capital Gains Taxes
Much of the federal tax code was indexed for inflation in the 1980s when President Reagan achieved bipartisan support for tax reform. Capital gains taxes are an exception, but that…
Prosperity Is Better Than Government for Fighting Poverty
National prosperity is more effective than government programs at fighting poverty. As proof, consider the U.S. Labor Department’s latest job statistics. With tax reform and deregulation making an impact, 600,000…
Fed’s Bond Buying Not the Success Some Claim
“When money gets tight, greed turns to fear … “ …
Winter Is Coming. But When?
In “Game of Thrones,” the bleak House Stark motto, “Winter is coming,” is practically a theme for the series. And yes, winter finally appears to be coming, but its first…