Vladimir: “Well? What do we do?” Estragon: “Don’t let’s do anything. It’s safer.” From “Waiting for Godot” In Waiting for Godot, two men spend more than an hour talking nonsense…
More Destruction, Less Creativity
Business is thriving … for bankruptcy lawyers. Last week we noted the dismal employment report. The commercial bankruptcy statistics are yet another sign that all is not well with the…
The Job Creation Snow Job
Consider this headline from the U.S. Bureau of Labor Statistics: Unemployment rate declines to 4.7% in May; payroll employment changes little (+38,000). Great news, right? The unemployment rate fell to…
Inflation: The Fed’s Red Herring
If you wanted to boost economic growth, which of the following would you focus on? U.S. corporate taxes, which are the world’s highest and are driving businesses to relocate abroad…
“When Free Enterprise Dies, America Dies With It”
Public ownership has historically been the lifeblood of the American economy. Going public produced funding for growth, while providing investors with an opportunity to share in the company’s success. Not…
In Defense of Capitalism
“The problem is we don’t have enough free markets.” …
The Flim-Flam Economy
The absurdity of today’s flim-flam economy can be summarized when the events of the past week are considered together: The U.S. economy grew at an annualized rate of just 0.5%…
Fed Family Feud
Is it a mutiny? A family feud? Sibling rivalry? Or an attempt to provide more accurate estimates of economic growth? Greater accuracy would certainly be a good thing, but that…
Something’s Rotten …
“That it should come to this!” Hamlet, Act I, Scene II Any student…
Making America Great Again
It’s clear that in spite of boisterous bad behavior, a lack of workable policies and a few very bad ideas, Donald Trump is the odds-on favorite to become the Republican…