On April 13, President Obama attempted to change the budget debate in Washington, which has been conducted entirely on Republican terms for the last two years. In particular, he is trying to put taxes back on the table as part...
Owing to where most Americans trace their ancestry from, we tend to know more European history than the history of our immediate neighbors to the north and south, Canada and Mexico. We can name famous entrepreneurs and political...
Keynesian economists, reply to Carmen Reinhardt and Kenneth Rogoff on the threat of crossing a specific threshold in the ratio between government debt and GDP. Economic Policy Institute fellows criticize their simplifications and...
Wow! We see the word „Deflation” everywhere; we see it in every financial publication and hear it every time we turn on financial TV. We see that the pundits who were bearish because of runaway inflation have just...
I recently came across this quote from the late Paul Samuelson from an interview he did with Mark Blaug a few years ago: „I think there is an element of truth in the view that the superstition that the budget must be...
Nawet najstarsi Amerykanie nie pamiętają tak burzliwej debaty, jaka odbywała się przez całą niedzielę, 21 marca, w Izbie Reprezentantów. Prezydent Obama odniósł w końcu sukces - Kongres uchwalił jego ustawę...
A reader asked for my opinion of this article by Wolfgang Münchau. More specifically, he asked about Münchau’s assessment that the euro will be weak in the short to medium term future. Münchau’s case can be...
Anyone who reads the Wall Street Journal‚s editorial page knows that it hates the value-added tax. I don’t mean hate the way it hates liberals, government regulators and the capital gains tax. No, the Journal hates the...
Ekonomiści CATO Institute Michael D. Tanner i Michael F. Cannon przedstawiają punkt widzenia konserwatystów na zaproponowane przez prez. B. Obamę reformy systemu opieki zdrowotnej (Healthcare). Zastanawiają się m.in. na...
The past week has been full of economic events, such as: 1. The report of the Congressional Budget Office (CBO) on the budget outlook. 2. The president’s State of the Union address. 3. The defeat in the...