Almost all the economic forecasts that appear monthly or quarterly have been revised downward, some for the third time. And the smallest tidbit of good news dominates the news cycles without moving financial markets
I am always saddened and more than a bit disappointed when I hear politicians promise to create jobs.
There is a great (and vituperative) disagreement on government’s role in stabilizing a recession.
Few governments, and none in Indiana, can now afford to continue doing things the private sector does.
Make no mistake: 150,000 new jobs ain’t good news.
I believe we ought to raise taxes to finally end the soothing falsehoods that surround our tax policy—especially what are called the Bush tax cuts.
It is quite easy to do things when young and inexperienced that severely limit one’s long-run options.
This week’s recall vote in Wisconsin has been heralded by many observers as a forecast of the presidential election. I think they are wrong. It is far more consequential.
We need a compromise that preserves innovation and mitigates the tendency for the sort of moral hazard that fueled the last recession.
This new birth of freedom is the largest in human history, and only a handful of truly totalitarian states still linger today.
The plain reality is clear: Austerity is coming to Europe, either as a planned and thoughtful exercise or through fiscal ruin.
As disparate facts, the economic conditions in Europe and the United States are disconcerting. Taken together, they are frightening.
The Employment Act of 1946 essentially required the Federal Reserve to do two mutually exclusive things: promote full employment and keep inflation low.
What has kept me in a three-week state of shock is the message about values our kids are getting from this work.
But it is only during the depths of this type of recession (perhaps two in a lifetime) that the disagreement among economists is so sharp.
The $206 million in late payments is about half the total tax revenue our state’s woefully mismanaged townships kept sitting in the bank over the past several years.
Structural unemployment is a byproduct of healthy technological progress, and those who can learn new skills flourish.
If treated as a financial investment, Social Security is a really effective way to destroy wealth.
The workplace smoking ban signed by Gov. Mitch Daniels this week was a much-needed law. Of course, my Libertarian friends will object to its intrusion on liberty, and my leftist friends will say it didn’t go far enough. To them I ask, “What are you smoking?”
Even with higher tuition, college students are still flocking to campus. The real problem isn’t increasing costs, but uncertain benefits.
