To understand the sometimes glaring gaps between candidate Obama’s promises and President Obama’s policies, it is useful to appreciate an old tension in American progressivism. . . .
Be careful when one uses the superlative case—best, most, -est, etc.—or evokes end-of-the-world imagery...
On July 29, 1981, barely six months into his presidency and in the face of an economic crisis of historic proportions, Ronald Reagan succeeded in persuading both houses of Congress to pass dramatic tax cuts that set the stage for nearly three decades of vigorous economic growth...
Just two years ago, in the 2000 fiscal year, the annual federal budget had a surplus of $236 billion. Now the federal government is facing a budget deficit of more than $150 billion, possibly much more. And whereas during the presidential campaign of 2000, the candidates were debating how to spend trillions in expected future surpluses, the Congressional Budget Office is now projecting a cumulative $1 trillion deficit by 2011. What happened to the surplus, and what is to blame for the return of the deficit? Is it President Bush's tax cut? Or was it the recession of 2001 and the war on terrorism? In light of the deficit, what should we make of the president's budget plans?
Despite the fundamental distinction between the two, misunderstandings of capitalism and socialism — and their implications for freedom — abound, and usually in favor socialism. In these circumstances, a return to the basics is warranted. The 17th-century writings of John Locke in defense of political and economic freedom and the 19th- century critique by Karl Marx of political and economic freedom represent classics of the genre.
In January 2003, the Bush administration unveiled a package of proposed new tax cuts, including provisions to eliminate the taxation of dividends and make permanent the 2001 tax cut. President Bush called the plan "an immediate boost to the economy" as well as "essential for the long run to lay the groundwork for future growth and prosperity." Critics have said that the plan doesn't provide short-term economic stimulus and endangers long-term growth and prosperity. Is the Bush tax plan good for the economy or not?
From Hoover Press: The Road Ahead for the Fed, by George Shultz, Allan Meltzer, Peter Fisher, Donald Kohn, James Hamilton, John Taylor, Myron Scholes, Darrell Duffie, Andrew Crockett, Michael Halloran, Richard Herring, John Ciorciari
In this new book, The Road Ahead for the Fed (Hoover Press, 2009), coeditors John B. Taylor and John D. Ciorciari bring together twelve leading experts to examine and debate proposals for financial reform and exit strategies from the financial crisis...
In today's Wall Street Journal, Hoover's Peter Robinson reports on an interview with Gary Becker. . . .
With Architects of Ruin, Peter Schweizer again delivers a knockout punch of a book that is the must read of the season for conservatives and should be a main topic of conversation for conservative media. . . .
There they go again...
Discussing whether Ben Bernanke is good for the markets, with Donald Luskin, Trend Macro; Peter Navarro, University of California and John Taylor, Stanford University. . . .
"Just -- and I hope you were able to hear of some of the points that Peter was making job reaction what what what's coming out of London again."...
Richard Epstein, the Peter and Kirsten Bedford Senior Fellow at the Hoover Institution and a member of the John and Jean De Nault Task Force on Property Rights, Freedom, and Prosperity, notes that to step back from the fiscal cliff, we need to simplify our tax policy.
Richard Epstein, the Peter and Kirsten Bedford Senior Fellow at the Hoover Institution and a member of its Property Rights, Freedom, and Prosperity Task Force, points out the problems associated with implementing the Affordable Care Act.
Thomas Sowell offers examples of why intellectuals are so often wrong about economics. . . .
The Nobel Prize winner says Americans don't want expansion of government. . . .
How well did our leaders handle the financial crisis? . . .
Thomas Sowell discusses the politics of the housing boom...
Thomas Sowell scrutinizes the economic proposals of the Obama administration...