Category Archives: Jobs and economy

Easton highlights another example of the law of unintended consequences

Tucked into Nina Easton‘s latest Fortune magazine column — focusing on Louisiana’s bipartisan “multibillion-dollar bet” to save the state’s sinking coastline —  is the following observation: Indeed, the main culprit behind the disappearance of the delta wetlands dates back eight decades—to the killer Great Mississippi Flood of 1927, after which the federal government built theContinue Reading

States lining up to throw taxpayer money at a guy who doesn’t need it

Elon Musk comes up with some great ideas. But as this forum has highlighted in the past, too many of them involve taxpayer subsidies. A Fortune magazine feature focuses on Musk’s latest successful effort to extract corporate welfare from gullible politicians. Since the start of 2013, Tesla’s stock has soared 614%, producing a market capContinue Reading

Barone notes that no one pushed Piketty policies in the recent election

French economist Thomas Piketty generated plenty of publicity last spring for his book bemoaning income inequality and calling for large-scale tax increases. Michael Barone‘s latest column posted at Human Events reminds us that Piketty’s ideas did not crop up during the recent election campaign. Liberal economists and pundits hoped that his revelations would finally getContinue Reading

Saving money by slimming Fannie and Freddie

Daniel Wiser reports for the Washington Free Beacon about a great way to trim the federal government’s fat. Reducing government subsidies to housing giants Fannie Mae and Freddie Mac could shrink the federal deficit by more than $8 billion in a decade, according to a recent report by the Congressional Budget Office (CBO). … …Continue Reading

Kudlow critiques Obama’s immigration action

Lawrence Kudlow explains in a Human Events column why President Obama’s executive order on immigration ignores key problems with current immigration law. The free movement of trade, capital and labor is strongly pro-growth. History shows that legal immigration is good for America, economic growth, entrepreneurship, job creation and hard-working families. America must remain a cityContinue Reading

New Carolina Journal Online features

Jesse Saffron reports for Carolina Journal Online that the UNC system is lowering admission standards for three campuses in 2015. Roy Cordato’s Daily Journal explores economic nonsense tied to the Keystone XL pipeline debate.

Profits and inequality

Tufts professor Amar Bhide devotes a Barron’s column to debunking Thomas Piketty‘s arguments about the impact of profits on inequality. In Capital in the Twenty-First Century, Thomas Piketty announced an audacious thesis that sets his opus apart from most other works of economic history. Capitalism inevitably increases inequality, Piketty claims, because the return on capitalContinue Reading

Barron’s ‘Economic Beat’ writer examines sustained low inflation

Gene Epstein of Barron’s turns his attention to long-running low inflation. The era of low-flation continues. While the Federal Reserve used to be concerned that inflation may be running too high, it has more recently been worried that it may not be running high enough. The October consumer-price index showed no change from September andContinue Reading