I owe our readers a follow-up to this post. While Chad accused me of cherry picking the time frame with the suggestion the labor compensation to national income ratio for the late 1990’s was somehow an anomaly, Liberal was kind enough to suggest I provide a chart starting around 1960. It seems Brad DeLong has […]
Lawrence Kudlow has found his own excuse for letting Rove off the hook: Let’s hope we don’t lose the strong pro-growth advocate we have in Karl Rove. Oh my – if Rove resigns, we may actually have to pay for all that Federal spending instead of having the kids foot the bill!
With hat tip to Brad Setser, Edmund Andrews reports: Mr. Hayes, a Republican whose district in North Carolina has lost thousands of textile jobs in the last four years, had defied President Bush and House Republican leaders by voting against the Central American Free Trade Agreement, or Cafta. But the House speaker, J. Dennis Hastert, […]
The preliminary estimate for 2005QII indicates that real GDP is growing at a 3.4% per year. With consumption demand growing at a 3.3% rate and government purchases growing at a 2.0% rate, one might react to his news with a big ho-hum. As one that has been hoping for a reversal of the bad news […]
Kipesquire inquires about the impact on national savings and is concerned that AmeriSave is not fiscally neutral. His Broken Windows Fallacy raises an important point: if the government lowers my net taxes but not does cut government purchases, there will be an increase in someone else’s net taxes either now or later. Kip, however, makes […]
Did Jonathan Swanson read Kash’s post? He replies with some odd logic: Too bad the solution does not address the Social Security shortfall, nor does it provide a feasible investment strategy for the demographic group it targets … one can benefit from the wonder of compound interest only when one has disposable income to invest. […]
Cliff May thinks so: On Fox a moment ago, liberal radio talk show host Nancy Skinner said that Karl Rove “is endangering our national security” – her short-hand reference to the Wilson/Plame brouhaha. So the left, which is always shouting: “How dare you question my patriotism!” to people who are not questioning their patriotism is […]
The title of the latest from Jonah Goldberg might suggest that he was about to criticize Governor Schwarzenegger. Alas, this is as far as he goes in criticism: I was against the recall on the grounds that the people of California elected Gray Davis and therefore they deserved to be punished. Seriously. Democracy isn’t merely […]
Congressional Democrats yesterday put forth a proposal to try to boost the US’s household savings rate, which is extremely low both compared to the past and compared to other countries. NEW YORK (CNN/Money) – Democratic members of Congress introduced a retirement security plan Tuesday that promises to foster savings among middle- and working-class individuals. The […]
Today’s news that the Chinese Central Bank is still managing the value of the yuan is a good excuse to revisit the issue as to whether the yuan is significantly undervalued. Senator Lindsey Graham has been claimed that the yuan is undervalued by at least 15% and by as much as 40%. His claim appears […]