RECENT ARTICLES
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Slash Corporate Taxes First, Then Yellen Can Normalize
Speaking before a packed audience at the prestigious Economic Club of New York, Fed chair Janet Yellen basically announced that there would be no rate hikes for quite some time — maybe once before year end, maybe not.
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A Response to Jonah Goldberg on His Mistaken Claim of My Pauline Conversions on the Road to a Trump Presidency
My friend Jonah Goldberg has written a column entitled Conservative Purists Are Capitulating with Support of Trump. In this piece, Jonah goes after me and Stephen Moore for allegedly giving up our free-market principles for what he calls purely consequentialist reasons. I am not sure of the full meaning of this phrase, but it sounds like we’ve changed our beliefs because Trump is the leading candidate in the GOP presidential race.
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2 Percent Growth Is a Loser for the Angry Middle Class
The good news is that the economy is growing at 2 percent and that there’s no recession in sight (barring a complete collapse of profits). The bad news is that the economy is growing at 2 percent. It’s been doing so for nearly 15 years under Democratic and Republican administrations.
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A Growth Message, Not Catfights, Will Propel the GOP to November Victory
In the week leading up to the New Hampshire primary, a few GOP candidates put forth strong, positive, optimistic messages of economic growth. Donald Trump did it, and it contributed to his landslide.
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Message Matters: Trump Succeeded, Yellen Failed
Most political reporters are fixated on the presidential horserace rather than the message candidates are sending to voters. Message wins all the time. Message moves polls. Message raises money. Message determines elections.
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The Fed Is Freaked Out about the Financial Markets — Because It’s Misreading the Situation
Early in the new year, on Sunday, January 3, Federal Reserve vice chair Stanley Fischer delivered a hawkish speech to the American Economic Association.
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We Will Never Destroy ISIS Without a Full-Blown Declaration of War
Speaker Paul Ryan’s statesmanship may just get the job done.
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Taxes Chased GE Out of Connecticut
But a big dose of free-market optimism can save the once great state.
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The Fed Should Let Middle-Class Workers Prosper
And China should let free-markets set currency and stock prices.
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Show Me the War: That Will End ISIS Money
We know the ways and means to destroy the Islamic State. But we’re not doing it.
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I’ve Changed. This Is War. Seal the Borders. Stop the Visas.
A hardline shift from an immigration reformer.
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Will Janet Yellen Sabotage Hillary Clinton?
A 211,000 jobs increase for November will finally push the Fed over the line and into a quarter-of-a-point rate hike later this month. The question is, how much and how fast will the central bank raise its target rates?
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If We Want to Destroy ISIS, We Can Destroy ISIS
Let’s say it loud and often. If we want to destroy ISIS, we can destroy ISIS. Perhaps I am stating the obvious, but I want to state it anyway. Why? Because I am not hearing it enough.
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GOP Not yet There on Growth
The singular economic issue of our time is the quest for more rapid economic growth. In the past century the American economy grew at roughly 3.5 percent per year. That included huge booms and even worse busts, such as the Great Depression.
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Pro-Growth Economist Angus Deaton Echoes JFK
The Democratic presidential debate ironically took place the same week that a Princeton University professor was awarded the Nobel Memorial Prize in Economic Sciences.
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Ryan and Reconciliation Is a Powerful Combination
As of this writing, House Ways and Means Chairman Paul Ryan has not decided whether to run for speaker. He has been bombarded by all the Republican factions. Even Mitt Romney says the Wisconsinite can unify the Republican conference and take ON the job.
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Every Now and Then, the GOP Should Disrupt the Status Quo
Nobody really likes government shutdowns, including me. But sometimes you have to make a point. Send a message. Show voters what you really believe. Take a stand.
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Why Don’t These Candidates Ever Talk about Money?
While there were some great moments in the latest GOP debate, and some terrific individual performances — Carly Fiorina seemed to grab all the buzz in the aftermath — one thing that barely came up was the economy. It was very much like the first debate.
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Fed Right, Trump Wrong
Just-published minutes from the Fed’s July 28-29 meeting indicate that most officials saw conditions for a rate liftoff as “not yet” achieved. They may be approaching a rate-hike moment, but they’re not there yet.
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Move at the Pace of an Injured Snail
Pretty much everyone in the world wants the Federal Reserve to begin its “rate liftoff.” September is the latest target date for this market consensus. But permit me one dissenting question: Are you sure?
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