Banking's Past, Present, and Future
In a recently published op-ed piece in the Wall Street Journal, Stanford economists John Cogan and John Taylor argue that: “Temporary, targeted tax reductions and increases in government spending are not good economics. They have repeatedly failed to increase economic growth on a sustainable basis. What may come as a surprise is that such policies … 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
The Wall Street Journal has demonstrated nostalgia for the gold standard by publishing two pro-gold standard opinion pieces this week. Both are long on nostalgia and short on analytical content. On Tuesday, long-time gold enthusiast Lewis Lehrman made his pitch, arguing that a return to the gold standard was necessary to restore fiscal balance. I … Read more