Banking's Past, Present, and Future
Writing in today’s Wall Street Journal, John Taylor argues that “…the best way to understand the problems confronting the American economy is to go back to the basic principles upon which the country was founded—economic freedom and political freedom.” Taylor’s argument is based on assertion, rather than fact. For example, he is a little vague … Read more
Writing in today’s Wall Street Journal, Stanford economist Michael Boskin warns that the specter of “growth-destroying confiscatory” tax rates looms if the Obama Administration has its way. Be afraid. Be very afraid. Or maybe not. The Administration’s proposed changes to the tax code are neither as dramatic not as alarming as Boskin presents. During the … Read more
Writing in today’s Wall Street Journal today, Senators Olympia Snowe (R-ME) and Jim DeMint (R-SC) tout their support (along with their 45 Republican Senate colleagues) for a balanced budget amendment to the constitution. This is a bad idea for three reasons. First, it is bad economic policy. Second, if passed, it would likely make the … Read more