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Janet Yellen's Meddling Is Robbing Us of a Recovery
The statutory language enabling the Federal Reserve system and the Federal Reserve Board is found in 12 U.S.C. Chapter 3. The language is tedious but not surprising. For example, the phrases "household...
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The Right to Try
This article originally appeared in the National Review Online on May 14, 2014They have to share more.That’s the general opinion about the rich these days, and it seems to apply in special force when...
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What if We Got Serious About Education?
Despite decades of effort, the United States has made little progress on improving the quality of K-12 education. Stagnation in student outcomes is clear. Last week, educators announced the latest...
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Union-Backed “Day of Action” Will Hurt Teens
As teens get ready to look for summer jobs, worker centers are rallying to raise the minimum wage, making it harder for youngsters to find employment and more likely that they will spend their...
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America Is Being Damaged By Low Rates, Weak Dollar
Five years after the beginning of the economic recovery, after rock-bottom interest rates and trillions of dollars of quantitative easing by the Federal Reserve, the economy is growing about 2%.No...
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State Tax Officials Cast Greedy Looks at Electronic Cigarettes
As U.S. smoking rates decline, many states are scrambling to find ways to make up for lost tobacco tax revenue. Exacerbating this trend is the growing popularity of electronic cigarettes, which offer...
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Let’s Eliminate, Not Delay, the Employer Mandate
A new report from the Urban Institute asks the important question, “Why not just eliminate the employer mandate?” Doing so would eliminate some of the negative, unintended labor market consequences of...
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Poverty's Grip on California is Man-Made
New York Times reporter Jennifer Medina told a heart-wrenching story of Mary Carmen Acosta and her husband Sebastian Plancarte, who lost their jobs and their home and now make their living east of Los...
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As Veterans Languish, Federal Employees Do Union Work
Barry Coates, a 44-year-old Gulf War veteran from Rock Hill, South Carolina, is fighting for his life because of a year-long delay in waiting for a colonoscopy after seeing a Veterans Affairs doctor in...
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Obama's Plan to Make the Poor Even Poorer
This article originally appeared in RealClearMarkets.com.President Obama has called inequality "the defining challenge of our time." But on June 2 he will announce new "cap-and-trade" environmental...
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Money Still Matters
It’s strange: For many years, the Federal Reserve has conducted monetary policy with little if any reference to the money supply. Fed officials never mention M1 or M2 anymore, and analysts in academia...
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The Financial Times Is Blowing Piketty's Data Issues Out Of Proportion, Part One
This article originally appeared in Forbes on May 28, 2014.On Friday, the Financial Timespublished allegations by its economics editor Chris Giles that Thomas Piketty’s wealth inequality data in his...
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Entrepreneurship is the Key to Economic Growth and Job Creation
Three reports issued in recent weeks provide important, and worrisome, insight into the long-term health of the U.S. economy. If policymakers carefully consider each—and understand the connections...
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Five Steps to Higher GDP Growth
U.S. GDP fell by one percent in the first quarter of 2014, according to the Commerce Department’s second estimate. This follows a fourth quarter GDP growth rate of 2.6 percent, slightly above the...
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Cornelius Vanderbilt, We Need You Today
Entrepreneurship offers a way out of America’s economic problems. With GDP growth shrinking at a one percent annual rate in the first quarter, what role can entrepreneurs play in ramping up GDP growth...
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Defending Human Ingenuity And Innovation
Review of Smaller Faster Lighter Denser Cheaper by Robert Bryce (Public Affairs, 2014).Worldwide living standards are getting better, driven by humans' desire for making things Smaller Faster Lighter...
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Financial Times’ Piketty Claims are Overstated
Financial Times economics editor Chris Giles claims to have found evidence that Thomas Piketty skewed trends and cross-national rankings in his heralded Capital in the Twenty-First Century. However,...
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A Response to Michael Hiltzik on Reforming SSI
This article originally appeared in the National Review. I recently participated in a vitally important project that produced the YG Network’s new reformocon policy book, Room to Grow. I contributed a...
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NHL Finalists Envy NBA Tax Savings
After exciting games this weekend, the NBA and NHL championship series matchups are set. The Miami Heat look to defend their title against the San Antonio Spurs in a rematch of last year’s Finals. The...
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Financial Times vs. Piketty on U.S.: Smoke, No Fire
This article originally appeared in Forbes.Last week I began critiquing the critique by the Financial Times of Thomas Piketty’s wealth inequality estimates in his Capital in the Twenty-First Century.In...
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