In The President, which I wrote eighteen years ago, there is an African-American pastor who laments how the federal government has become the world’s largest plantation, keeping Black Americans down. Now, sadly, all Americans of every color are being driven to lives...
Employment
How Will the President Grow the Economy from the Bottom Up?
President Obama has recently said that he wants to grow our economy from the “Bottom Up”. But exactly what does he mean, and how does that work? I suppose that he could be promoting the Keynesian saw of giving free money to people who don’t pay income taxes at the...
The President’s Credit Rating
The President is out on the campaign trail taking credit for the late, slow, economic recovery that we are finally experiencing. It’s like a delivery room doctor claiming that without him or her, there could be no baby. In fact, to add some extra hyperbole, it’s even...
Size Matters
I believe that many of our worst and very real problems are caused by the size of government, some businesses and some unions—they are all too big. Economies of Scale make sense, to a point. But Too Big to Fail, or close to it, makes no sense. Because then the...
2020 Vision: How to Fix the Next Ten Years in Ten Steps : Step Three
3. Secure the southern border within six months. Start by using significant manpower, and then reduce the numbers as the fence is completed and technology is added. Create a way for those who are here illegally to have a path to citizenship which has real costs for...
Advice to current Economic Policy Makers: Take a Hayek
Where has F.A. Hayek been all my life? Thanks to our sons, I'm reading The Road to Serfdom, written by Hayek when he was at the LSE in 1944. Hundreds of thousands of copies have been read since then, but even though I was an Econ major in 1968, somehow I missed his...
2020 Vision: How to Fix the Next Ten Years in Ten Steps : Step Two
2. Above a floor of minimum untaxed income, set the personal income tax at 19% for families with children. The rate for singles and couples without children will be slightly higher. The tax will be the same on all forms of income, with no deductions for mortgages,...
2020 Vision: How to Fix the Next Ten Years in Ten Steps : Step One
1. Set the corporate tax rate at 20%. Then, except to undo or reduce them, take an immediate holiday from any further business regulations or taxes for at least twenty-four months, to allow businesses to plan and implement job creation with relative certainty about...
Comments