How would you like to wait 10 years for a COVID-19 vaccine? I recently wrote that, on average, it takes a decade and $2.6 billion to get a drug approved. In…
Debt, Monetary Policy Causing Economic Damage
Even with interest rates just above zero for seven years, and government spending regularly producing deficits of $1 trillion a year, economic growth was well below average throughout the Obama…
The Oldest Bull Ever
This month, the U.S. stock market set a record for the longest bull market in history. How much longer can it continue? The bull market, which celebrated its ninth birthday…
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.…
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…
Productivity Growth Still Weak
The economy is growing at a rate of about 3%, which is a significant improvement over the 2% growth during President Obama’s two terms. The unemployment rate has dropped to…
Trump’s First Year: Stocks Up, Regulations Down
Certainly, President Trump is an imperfect human being. He comes off as a narcissistic bully and some of his many tweets are immature and politically naïve. He lacks his predecessor’s…
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…