Economy (page 3)

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    Placing the Brexit bickering in context

    Kevin Williamson of National Review Online explains that many pundits approach the Brexit debate from the wrong perspective. The great benefit of trade is the imports, not the exports — the politicians always get that wrong. You would think that the United Kingdom, with its proud history of…
    Mitch Kokai, April 9, 2019
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    Malpass at the World Bank

    The BBC reports on David Malpass‘ new high-profile post. Donald Trump’s pick for World Bank president, David Malpass, has officially been approved for the role. Mr Malpass, a Trump loyalist, was a senior economic adviser to the US president during his 2016 election campaign. His appointment has stirred…
    Mitch Kokai, April 8, 2019
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    Barron’s columnist pokes fun at recent investments

    Jack Hough of Barron’s seeks an outrageous scheme to lure potential investors. Interest rates are falling, growth is scarce, and there is a glut of investment dollars. That means Wall Street is setting up perfectly for a flight to nonsense. I need a disruptive business plan in a…
    Mitch Kokai, April 8, 2019
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    Research Update: Ocasio-Cortez, Sanders, and the Tax Rate Ruse

    Well-known leftist politicians are proposing ideas for major income tax hikes, such as adding a new top rate of 70 to 80 percent on the very rich. But JLF’s Roy Cordato explains that the the tax hit would impact many more people than just those earning $10 million or more. Under…
    Anna Manning, April 1, 2019
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    Business-casual central banking

    Jim Grant writes at Barron’s about an increasingly casual approach to monetary policy. In finance today, comfort trumps propriety. As necks are tieless, so are earnings “adjusted.” As shirts are untucked, so are balance sheets encumbered. In the 21st century way of doing business, freedom of action is…
    Mitch Kokai, April 1, 2019
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    Tax reform and lower-paid workers

    Bethany Blankley reports for the Washington Free Beacon about the impact of federal tax reform on the lowest-paid workers. For the first time since the Great Recession, lower-end earners are receiving greater benefits than higher-end workers when it comes to take-home pay, according to a leading banking firm.
    Mitch Kokai, March 29, 2019
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    This weekend on Carolina Journal Radio

    After months of rumors about his job status, East Carolina University Chancellor Cecil Staton has announced his resignation. Rick Henderson analyzes the circumstances surrounding Staton’s departure for the next edition of Carolina Journal Radio. Mike Schietzelt explains why North Carolina’s haphazard collection of criminal laws creates a…
    Mitch Kokai, March 29, 2019
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    Rich millennials and socialism

    Noah Diekemper offers a counterintuitive argument at the Federalist website: Millennials like socialism because they’re rich. Our world’s runaway prosperity and casual miracles do not nurture a respect for private ownership and free enterprise, they fuel a bonfire of awkwardness. Some 97 percent of millennials own smartphones—those internet-browsing…
    Mitch Kokai, March 27, 2019