Relevant and even prescient commentary on news, politics and the economy.

American Enterprise Institute Economists Redux

by Mike Kimel American Enterprise Institute Economists Redux The other day I wrote a post about economists at the American Enterprise Institute (AEI), a prominent conservative think-tank. The post began with this paragraph from a story in the NY Times Politicians sometimes say that lower tax rates lead to higher economic growth, which in turn […]

AEI Economists and the Ugly Memory Hole

by Mike Kimel From an article in the NY Times: Politicians sometimes say that lower tax rates lead to higher economic growth, which in turn leads to higher overall tax revenue. This may have been true in the early 1960s, when the top tax rate was 91 percent, but the top tax rate today is […]

Fannie Mae will need a bailout (prophesy)

By Divorced one like Bush ”From the perspective of many people, including me, this is another thrift industry growing up around us,” said Peter Wallison a resident fellow at the American Enterprise Institute. ”If they fail, the government will have to step up and bail them out the way it stepped up and bailed out […]