Part one of a two-part series. “Act big,” Treasury Secretary Janet Yellen said at her confirmation hearing. And President Joseph R. Biden is doing just that. During his first day…
Why Interest Rates Will Remain Low
Part two of a two-part series on interest rates and the federal debt. Servicing the federal debt will cost U.S. taxpayers $479 billion this year, even though interest rates are…
The Interest Rate Paradox
Part one of a two-part series on interest rates and the federal debt. Call it the interest rate paradox. If interest rates remain low or trend lower, the federal debt…
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…
Prediction: Our 2018 Predictions Will Be More Accurate than Paul Krugman’s
We could make bold predictions about the coming year, recognizing that we probably will not be taken to account a year from now if the predictions aren’t true. People don’t…
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…
Pick One: More Government or Lower Taxes
What’s the best way to boost economic growth – more government spending or lower taxes? Government spending is the Keynesian approach, which was taken over the past eight years. Build…
Good News: Fed Predicts Slow Economic Growth
We can now be assured of improved economic growth in the years to come. Why? Because the Federal Reserve Board is predicting slow growth. And the Fed is always wrong.…
Obama’s Legacy: Adults Living with Their Parents
There’s a bright side to the upcoming presidential election, even if you dislike both candidates—it will bring an end to the Obama administration. That may seem like a harsh assessment,…
Upending the World
Logic has taken a 180-degree turn, running at full sprint in the opposite direction from where it should be. As one small example, consider the good fortune of Hans Peter…