Time for an update on the perpetual motion machine of Keynesian economics. We’ll start with the good news. The Treasury Department commissioned a study on the efficacy of the so-called stimulus spending that took place at the end of last decade. As discussed in this news report, the results were negative. …a scathing new Treasury-commissioned … Continue reading Stimulus Spending Doesn’t Work Down Under (Or in the US)
In a column from December of 2015, the Wall Street Journal's Mary O'Grady unveiled an inconvenient fact that poverty warriors on the American left and right would perhaps prefer remain hidden: from 1980 to 2000, when the U.S. economy boomed, the number of Mexican arrivals into the U.S. grew from 2.2 million in 1980 to … Continue reading The Politically Hopeless, Completely Incoherent, and Totally Lame Economic Agenda of the Democratic Party
President Trump and congressional Republicans have a second chance to take a whack at the Obamacare piñata – and the beauty of it is that this time, Democrats may want to take a swing at it, too. “It” being the Independent Payment Advisory Board (IPAB), a.k.a the death panel that was much in the news during the debate over passage … Continue reading 15 Faceless Bureaucrats Will Decide what Health Care You’re Allowed to Have
From Chairman's Conaway's opening remarks, Committee on Agriculture Hearing: The Next Farm Bill: The Future of International Food Aid and Agricultural Development, June 7, 2017 ...(T)he administration’s budget proposal...calls for drastic cuts to international food aid programs and the elimination of funding for both the McGovern-Dole and Food for Peace Programs. I know we will … Continue reading Conaway Stands Up For US Farmers In Food Aid Hearing
Washington, D.C. – Following today’s announcement that the U.S. and China have finalized an agreement allowing for American beef exports, House Agriculture Committee Chairman K. Michael Conaway (TX-11) and Livestock and Foreign Agriculture Subcommittee Chairman David Rouzer (NC-07) made the below comments: “As one of the world's largest importers of beef, China has long-been an … Continue reading $2.6 billion deal means more Texas beef going to China
At next week’s FOMC meeting, the state of the labor market will play a key role in policy deliberations. But there’s a lot more going on underneath top line unemployment numbers that make them a bad tool for monetary policy decision-making. The May employment report is a conundrum. Employment growth and the unemployment rate sent opposing … Continue reading Did you notice the really bad sign in the last monthly jobs report?
We tend to demonize people who make money – how dare they have more than us? But that negative reaction forgets the voluntary role we play in profit-making every day. This week in Words and Numbers, Antony Davies and James R. Harrigan discuss just how good it is to earn a profit, and the vital … Continue reading Earning Profits Is Your Social Responsibility