I write about issues I believe affect economic growth. For example, over the years, I have written a lot about taxes. And here’s a simple graph showing why: What we see is that tax rates at any given time seem to be related to the growth rate of real GDP per capita over the next […]

The Washington Post story “Rubio’s inaccurate claim that he ‘inserted’ a provision restricting Obamacare ‘bailout’ funds” is about a year old. Its relevance to the PPACA is in depicting how the Republicans undermined the PPACA causing many Co-ops to go bankrupt, insurance companies to leave PPACA exchanges, saddled insurance companies with $millions in debt, and […]

Originally published at Evonomics and reposted at Naked Capitalism, Angry Bear Steve Roth continues his conversation on riches, income, debt, and expectations. Steve Roth serves as Publisher of Evonomics. By Steve Roth How do Americans get rich?  (and stay rich?) It’s the American dream. A third of Americans think they’ll be rich someday. More than […]

Thomas Sowell recently announced his retirement. Ten years ago, I explained why I believe him to be a hack. Examples are provided, but refreshments are on you. Read it and reach your own conclusions.

The concept of the so-called Oil Curse is that countries that have an abundance of oil tend to be basket cases – undemocratic, kleptocratic, and poorly developed.  The Oil Curse is a special case of of what is sometimes called the Resource Curse. Of course, not every country rich in oil has suffered from the […]

In the first three years of the PPACA, a Risk Corridor Program was established to help insurers get past the initial loss phases. This is typical of startups and was used with Republican President George Bush’s Part D Drug insurance program. The PPACA had built-in protections for insurers who enrolled many abnormally sick people, provided […]

Tom Cotton, the junior United States Senator from Arkansas had a piece in the NY Times: President-elect Trump now has a clear mandate not only to stop illegal immigration, but also to finally cut the generation-long influx of low-skilled immigrants that undermines American workers. Yet many powerful industries benefit from such immigration. They’re arguing that […]