Roy Cordato

Senior Economist Emeritus

Posts by Roy Cordato (page 5)

  • Look no further than film incentives, solar subsidies, and the recent vote on craft freedom

    From Ludwig von Mises’ Human Action, 1949, pp. 865-866. (To understand this passage in terms of the Orwellian language that dominates modern politics in North Carolina and elsewhere substitute the word stakeholders for Mises’ use of the phrase “pressure groups.”) The public looks askance upon the lobbyists and blames…
    Roy Cordato, May 19, 2017
  • Trade policy should be about consumers

    This is an open letter from my friend Professor Don Boudreaux at George Mason University to Congressman Sherrod Brown of Ohio, published at Professor Boudreaux’s popular Cafe’ Hayek blog (Emphasis is mine). It makes a very important and usually missed point about trade and trade policy. “Mr.
    Roy Cordato, May 18, 2017
  • Norman B. Ture’–A true understanding of supply side economics

    As the late Dr. Norman Ture’, one of the founding fathers of modern supply side economics explains, what most people, even many economists, don’t understand is that supply side economics is a methodological approach to answering certain kinds of questions in economics. These are primarily questions related to the…
    Roy Cordato, May 16, 2017
  • A (very) brief comment on the US House Tax Plan

    In general the House tax plan is consistent with sound economic reasoning on tax policy—flattening and lowering personal rates and eliminating the AMT are important and long overdue. The 50% exclusion on investment income—capital gains, interest, and dividends—will help to ameliorate, although not eliminate, the income tax’s bias…
    Roy Cordato, March 1, 2017
  • NC goes from 31 to 14 in small business index

    The latest Small Business Policy Index published by the Small Business and Entrepreneurship Council has ranked North Carolina as 14th best in the nation for having a conducive policy environment for small business and for “entrepreneurial friendliness.” The index is based heavily on personal and business taxes. The…
    Roy Cordato, February 16, 2017
  • 11 years with less than 3% growth–2 1/2 times any other stretch

    As of the end of 2016 the US has gone 11 years, since 2006, with less than 3% economic growth. 2016 had a pitiful 1.6% growth rate, less than 2015.  According to CNSnews: prior to this period, the longest stretch of years when real GDP did not grow by at…
    Roy Cordato, January 27, 2017
  • A look at global temperature change 1998-2016

    The data is through December 2016. While 2016 is statistically tied with 1998 the 18 year trend is still flat. See here.
    Roy Cordato, January 19, 2017
  • You might be a progressive if…

    …you actually believe that there are people who A) do not believe that the climate exists—climate deniers or B) people who believe that the climate exists but never changes—climate change deniers.
    Roy Cordato, December 19, 2016