As typically happens during campaigns, the arguments about tax rates in the United States focus on all the wrong questions.The real questions should be “what lifestyle do you want to live?” and, then, “what is the best route to get there?” Mitt Romney’s gaffe, describing the 47% of Americans who don’t pay income taxes as […]
With the rhetorical overuse of terms like “let the market decide” being used in campaigns and debates I think it would be beneficial to define what real markets look like and when market forces work. Markets are neither magic nor wise. It is a term that describes the cumulative effect of a number of individual […]
Regardless of what size you think government should be (I prefer a government powerful enough to protect the community’s shared interests), the one area where government has consistently played a positive and often powerful role is in the development of infrastructure. Sometimes – nay usually – the costs associated with developing large systems of roads […]
The economy has become dominated by pirates, thieves, and terrorists. Direct your anger at them.
With regard to Mr. Schwaretz’s article on the “new normal”( NY Times “Jobless and Staying That Way”, 8/7/2010), both camps are right. Unfortunately, the same forces that created the new normal are fuel for the cyclical trends. The cycles are partly a reaction to inefficiency in the wider market; when the world’s wealth is not […]