For an example of how government entitlements always expand and never contract, consider what’s been happening to Medicaid. Designed to provide health coverage for low-income and disabled Americans, Medicaid was…
Unfunded Pension Liabilities Reach $7 Trillion
The mean average amount saved for retirement by all working-age families in the U.S. is just $95,776, according to a new report from the Economic Policy Institute. The median average…
The Peter Pan Economy
Lowering interest rates is not necessarily a bad thing. It can make borrowing cheaper, which – at least in theory – will stimulate business investment. It can weaken the dollar,…
The Fed’s Abnormalization Plan
The Federal Reserve Board has issued an addendum to its “Policy Normalization Principles and Plans” for reducing its bulked up $4.5 trillion portfolio, but there’s nothing normal about unloading $4.5…
U.S. the Leader in Addressing Climate Change
With 195 countries signing on, the Paris agreement has been touted as a “global action plan” designed to save the world from climate change. So the recent decision by President…
24 Million Losing Health Insurance? Not Really.
The Affordable Care Act (ACA), as The Washington Times noted, is “a public policy flop of epic proportions.” It is costing much more and insuring far fewer Americans than projected,…
Even France Rejects Socialism
Many American voters lamented that our election choices came down to two highly unlikeable candidates – Hillary Clinton and Donald Trump. But France’s recent election wasn’t much better. The two…
Freeing the Internet
For nearly two decades, the Internet has been capitalism’s engine, driving the creation of the country’s largest and most successful companies. Amazon, Google, Uber, Airbnb, Facebook, Twitter, Pinterest, LinkedIn and…
Ben Bernanke Invents Supply Side Keynesian Economics
Ben Bernanke is back, having been interviewed during the past month by The New York Times, NPR, CNNMoney, The Hill, Bloomberg, CNBC and other media. That his book, The Courage…
Why Home Ownership Is At a 50-Year Low
After eight years of historically low interest rates, and with the unemployment rate having fallen to a point near what experts consider to be full employment, it would be logical…