Tag: Economics

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[This is a two-part series. In part two I’ll explore whether Trump has invented a new fiscal strategy for the GOP] The Cheney doctrine, first articulated by Dick Cheney in the early 2000s, is that fiscal deficits do not matter. As the 2000s wore on, the doctrine was expanded to include trade deficits. This expanded […]

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Recommended by Ricochet Members Created with Sketch. $10,000 Is Not Nearly Enough to Compensate for Living in Vermont

 

(I’m posting this from the Josiah Bartlett Center for Public Policy’s weekly email newsletter, which you can get for free each Friday by signing up here: https://www.jbartlett.org/about-us/email-sign-up)

Moonlighting in Vermont

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Richard Epstein reacts to the recent Supreme Court decision in Epic Systems Corp v. Lewis, defending the right of employers to use arbitration and avoid class action lawsuits.

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Nobody can plan the actions of even a thousand living persons, separately. Anyone attempting to control millions must divide them into classes, and make a plan applying to these classes. But these classes do not exist. No two persons are alike. No two are in the same circumstances; no two have the same abilities; beyond […]

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(From my morning post on Indieconservative)   More

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Recommended by Ricochet Members Created with Sketch. Object Lessons in the Minimum Wage

 

Today is the sort of day that demands a quick and easy lunch. You see, I’m preparing for my company’s annual financial audit and I really just don’t have the time to wait around. (I usually try to get this audit done in February, but the birth of my anchor baby got in the way of that.) So, come 12:30 pm I hauled myself away from my desk and off to the nearest fast food establishment to grab a quick bite.

The restaurant is called CaliBurger, a not very subtle rip off of the great In-N-Out Burger, located near my office in Pasadena, CA. I’ve eaten there before but its usually not my first choice, the quality isn’t great and it’s a tad expensive compared to the real deal. What I like about it is that it’s close and they serve you quickly. The staff was always attentive and the service pretty good for a fast food joint. Lo and behold, when I arrived there today my experience was entirely different.

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Walt Disney is rightly a role model for budding entrepreneurs and youngsters with unfocused potential. But left unsaid in this Prager University video: for every industry titan like Disney, a thousand entrepreneurs fail or meet with middling success. More

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Four of the Dow Jones’ greatest single-day swings occurred in a one-week stretch in February. Was it an aberration, or the new normal in the Trump economy? John Cochrane, the Hoover Institution’s Jack and Rose-Marie Anderson Senior Fellow and purveyor of The Grumpy Economist blog, assesses the health of the financial markets and other economic bellwethers worth watching.

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Richard Epstein contrasts two recent actions by the Trump Administration — the imposition of tariffs on steel and aluminum, and the blocking of a foreign company’s attempts to take over an American tech firm — to demonstrate when national security concerns justify restrictions on trade … and when they don’t.

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China is a big player in economic and geopolitical matters, including trade, global aspirations, and finding a solution to the escalating tensions with North Korea. Michael Auslin, Hoover’s inaugural Williams-Griffis Fellow in Contemporary Asia, discusses North Korea, China, trade wars, tariffs, ICBMs, China’s one belt one road plan to link the infrastructure and trade of Eurasian under Chinese auspices, as well as many other topics including China’s presence in the Arctic.

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Victor Davis Hanson considers the accomplishments of the Trump Administration’s first year, looks at the president’s shortcomings, and assesses what’s next for both the Democratic opposition and Never Trump Republicans.

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Richard Epstein opines on whether Donald Trump or Barack Obama deserves more credit for the current economic expansion, then tackles the policy agenda the president laid out in his State of the Union address.

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Victor Davis Hanson describes how Donald Trump is systematically dismantling the legacy of the Obama Administration … and explains why it’s paying such rich dividends for the country.

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Richard Epstein examines the deregulatory progress being made by the Trump Administration, explains the new tax law’s implication for blue states, and imagines the consequences of a world in which the US withdraws from NAFTA.

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I (and many others) have been saying for a while now that America is set to enter a “hell period” sometime around 2018-2022, as the so-called “demographic mismatch” between a large cohort of retiring white Boomers and an electorate that is trending less so really starts to bite. To my knowledge, most countries do not […]

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Hey, Media—You SUCK! And here on the Michael In The Morning podcast, we’ve got the numbers to prove it.

National Review’s Rich Lowry and Yuval Levin, editor of National Affairs each weigh in on the costs and benefits of Trump’s first year.

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It’s the DIY “How to Survive The Coming Tax-Cut Apocalypse” edition of the podcast, with special guests Nancy Pelosi and Elizabeth Warren. This is Armageddon, folks!

Media liberals have discovered that while they were whining, Donald Trump was winning

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It’s trite for us to complain about press bias, but we repeat it so often because it’s usually true. Sometimes, at least, it’s funny. I just got this New York Times alert of the wonderful addition of hundreds of thousands of jobs to the economy this month. I love how they go out of their […]

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I’ve convinced a liberal friend of mine to meet next week to talk about my view of economics. This comes after he ended a Facebook post on the Senate tax legislation with the rhetorical question “Why would you vote for someone who votes for Supply-Side bull…?”   More

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So I read this book, The City On The Heights. Without edging too far into spoiler territory, it’s a work of alternative (recent) history which starts in Mosul and ends in the Golan Heights. It is written from a number of points of view – including a Jihadi’s . What was remarkable was that it’s […]

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