A number of economists have been warning about the Federal Reserve’s easy-money policy, but defenders of the central bank often ask, ”if there’s an easy money policy, why isn’t that showing up in the form of higher prices?” Thomas Sowell has an answer to this…
Daily Analysis
Will America Be a Fiscal Failure?
Investor’s Business Daily has an excellent editorial on fiscal policy, and not just because they quote me. They understand that America’s fiscal problem is spending rather than deficits. They also realize that tax increases are completely misguided since the economy…
Did the Bush Tax Cuts Cause Today’s Deficits?
My former colleague at the Heritage Foundation, Brian Riedl, has a column in the Wall Street Journal today which discusses the degree to which President Bush’s policies can be blamed for current deficits. I think Brian is too easy on Bush’s terrible record as a big…
"Price Gouging" Laws Compound Natural Disasters with Political Disaster
Florida Senator Bill Nelson is seizing on the BP oil spill as an excuse to pass federal “price gouging” legislation. It’s certainly nothing new to see anti-market politicians stirring up populist rage with these so-called “price gouging”…
A Video Attacking Me, and I completely Agree with the Message
I’m used to being attacked, but usually by statists. In a man-bites-dog development, here’s a 12-1/2-minute video dedicated to the proposition that I was hopelessly squishy in my Rahn Curve video. What makes this situation rather ironic is that I agree with the guy…
Maybe the French Aren’t So Bad After All
I like poking fun at French politicians for being hopeless statists, and I always assumed that French voters shared their collectivist sympathies. But according to new polling data reported by the Financial Times, there may be a Tea Party revolt brewing in France….
Video Explains that Repealing Obamacare Should Be the First of Many Reforms to Restore Free Markets to Health Care
Eline van den Broek probably is not happy today since she was in South Africa watching her team lose a high-scoring battle with Spain, but she should be very proud of the new video she narrated that urges the repeal of Obamacare – and also points out some of the other…
Obama and the “S” Word
According to a new poll from a Democratic firm, an astounding 55 percent of people think “socialist” is a term that describes Obama. Here’s a blurb from a National Review post. Deep in the poll, they ask, “Now, I am going to read you a list of words…
Why the So-Called Financial Reform Bill Is the Status-Quo Bailout Bill
Nicole Gelinas has been one of the most astute observers of how government has screwed up the financial system and her column in the Washington Examiner is an excellent summary of why the Dodd-Frank bill is a step in the wrong direction. For 25 years, Washington has…
Obama Is Repeating Roosevelt’s Other Mistakes
Much of the economic debate in Washington revolves around the silly Keynesian notion that politicians can stimulate an economy by borrowing money from the private sector and using the funds to make government bigger. That didn’t work for Hoover and Roosevelt during…