Monthly Archives: April 2012

Communists are not taking over Chile. But you wouldn’t know it from watching the media frenzy surrounding 23-year-old student leader and avowed communist Camila Vallejo in Santiago. Since last year the red-diaper baby, whose parents were supporters of Salvador Allende, … Continue reading →

And I’ve found that the saccharine and over-optimistic words of the typical commencement address hold few of the lessons young people really need to hear about what lies ahead. Here, then, is what I wish someone had told the Class … Continue reading →

If  we accept that government gives tax cuts, then when government does not give tax cuts, no harm is done since no action is being taken.  If instead we acknowledge that government is taking more from someone, we must recognize … Continue reading →

A powerful analysis by  President Barack Obama’s first Chair of his Council of Economic Advisers (CEA) indicates the President’s proposed tax increases would kill the economic recovery and throw nearly 1 million Americans out of work.  Those are the extraordinary … Continue reading →

In other words, when an economy is at the peak of the Laffer Curve, a decrease in the tax rate yields an increase in GDP equal to the reciprocal of the tax rate.  This mathematical truism alone ought to give lie to … Continue reading →

“According to our analysis of current tax rates and their elasticity, the revenue-maximizing top federal marginal income tax rate would be in or near the range of 50%-70% (taking into account that individuals face additional taxes from Medicare and state … Continue reading →

Nations, like people, cannot spend too much more than they make; otherwise they can lose their creditworthiness and go broke. Competition in a global economy is a reality, not an option. Wealth cannot be transferred if transfers also destroy wealth. … Continue reading →

As the Supreme Court has consistently ruled in the past, the Constitution gives Congress only limited and enumerated powers. However vexing a particular problem may be, Congress can address it using only those powers. If its preferred solution requires the … Continue reading →

Much of the economics politicians peddle – and voters think they know – is pure bunk. For a different perspective, here are 10 common sense propositions I challenge political economists to refute. via RealClearMarkets – Supply-Side Critics Offer Only Trickle-Down … Continue reading →

It is no coincidence that the Democrats’ failure to pass a budget began immediately after Obamacare became law. In order to hide its $1.7 trillion price tag and $500 billion in tax increases through 2022, Democrats had already exhausted every … Continue reading →