Roy Cordato

Senior Economist and Resident Scholar

Posts by Roy Cordato (page 2)

  • Did Adam Smith believe people are strictly self interested profit maximizers?

    From his neglected, especially among economists, Theory of Moral Sentiments: Nature, when she formed man for society, endowed him with an original desire to please, and an original aversion to offend his brethren. She taught him to feel pleasure in their favorable, and pain in their unfavorable regard. She rendered…
    Roy Cordato, August 22, 2018
  • From Facebook: Meteorologist/climatologist, Dr. Roy Spencer, reports on the latest heat wave

    “Heat wave” update: here’s the month of July so far (July 1-4). Notice that the unseasonably cool areas cancel out the warm areas. So why all the heat wave news? Because the heat just happens to be where a lot of people live. In our business this is what we…
    Roy Cordato, July 5, 2018
  • Open letter to the president on the negative impact of trade deficits

    Dear Mr. Trump: There has not been a day that has gone by recently where you haven’t pointed to large dollar trade deficits (i.e. goods and services surpluses) that the US has with other countries like China, as a major reason why you are pursuing protectionist trade policies that punish…
    Roy Cordato, April 4, 2018
  • Trade War

    What is being referred to as a “trade war” in the media and by the President is not a trade war at all, but an anti-trade war. If the expression “trade war” has any meaning it refers to the battle among businesses that goes on every day for the hearts,…
    Roy Cordato, March 5, 2018
  • Economic Idiocy Never Goes out of Style

    Yesterday President Trump announced that he would be placing a 25 percent tariff on imported steel and a 10 percent tariff on imported aluminum. The main argument that the administration is using for arranging this wealth transfer from American consumers to the steel and aluminum industries is that imports and…
    Roy Cordato, March 2, 2018
  • Yes, the climate it is a changin’

    Roy Cordato, January 17, 2018
  • A final reflection on SALT deduction repeal

    While I think the Republican tax reform/cut bill is a vast improvement over what we have, the idea that the elimination (mostly) of the SALT deduction benefits people living in lower tax states is false! It simply harms them less.
    Roy Cordato, December 20, 2017