Part one of a two-part series. You have to admire the resilience of the U.S. economy. The COVID-19 pandemic caused the largest global recession in history. Twenty two million Americans…
Deregulation Is Working, Too
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…
Tax Reform Is Working
If life were closer to normal today, the economy might still be humming along. Of course, life is not normal and the economy has been affected by events begun anyone’s…
Shutting Down the Economy
The out-of-control level of spending taking place to battle COVID-19 is much scarier when it’s coupled with the near shutdown of our economy. Shutting down the economy because of a…
2010s vs. 2000s
By most accounts, 2019 was a very good year. Stock indices set new records and the historically longest bull market continued. So did the historically longest recovery. In 2018, the…
When Good News Is Bad News
The U.S. has clearly overcome the financial crisis, even as many other countries continue to struggle, but the impact on investments is sometimes perverse. As the Fed lowered interest rates,…
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…
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…
How Tariffs Will Damage the Economy
In our last post, we explained why tariffs will likely have a negative impact on the steel industry, resulting in fewer exports. But there are many other reasons for opposing…