04/13/2021 Today
David Parkinson, The Globe and Mail Whether you fear or embrace it, we're already in the midst of a live test of MMT, forced upon us by the COVID-19 pandemic |
Gary Marshall, RCM An article by Stephanie Kelton of MMT fame titled, "Biden Can Go Bigger and Not ‘Pay for It' the Old Way," appeared in the New York Times recently. She cautions against increasing taxes to fund elevated Federal Government spending demanded by Biden and his Democrat cronies, and urges alternatives to avoid impinging upon the economy's resource constraints in labour, material and equipment. In her words, "Just as my son's Lego projects are limited by the amount of bricks …we can't squeeze more goods and services out of our economy once we've made use of all available resources." |
Sarah Hansen & Janet Novack, Forbes The Trump tax reform conspicuously targeted high-tax Democratic states. Now that they're in control, some Democrats have made undoing the damage a priority. |
Rob Arnott & John Tamny, RCM Imagine an upside-down university that gives its best students Ds and Fs, while the worst get the As. The best students will, of course, quickly notice and will seek to outdo the worst, by getting every question wrong, sitting slack-jawed in class, or skiving completely, in order to displace the worst students and capture the As. Realistically, no one would learn. A system that aggressively rewards the inept, while penalizing the most competent, reaches a sorry endpoint defined by broad indolence. Our hypothetical upside-down university, courtesy of Art Laffer, comes to mind as we watch the... |
Kevin Williamson, NR It certainly wasn't because they were snookered into voting against their own interests. |
Paul Krugman, New York Times Unions aren't obsolete, and we need to get them back. |
Christian Josi, Townhall.com Few issues rally Republicans more than a good old fashioned labor fight in Washington. The battle lines are well defined: it's the boot strappers versus the collective bargainers. Unfortunately a |
Christopher Baecker, RealClearMarkets Ever since I've been studying economics, one of the most important precepts, that bears repeating, has been to keep things simple. "As you will see," I tell my students, "there's much in real life that mucks things up." Though it's unavoidable when the policy chapters roll around, I try to keep politics (the greatest source of said muck) out of the lesson plan. If, however, my students voted for a bonus class at the end of the semester, asking me to elaborate on the government's effect on the economy, I might start with something they're familiar with; regulations. |
Andy Puzder, Fox Business This is Job Creation Rule #1: businesses invest in growth and hiring when they can forecast a profit. |
Joseph Calhoun, Alhambra Investments The answer to the question, "What should I do to my portfolio today (this week, this month)? is almost always nothing. Humans, and especially portfolio managers, have a hard time believing that doing nothing is the right response....to anything...or nothing. We are programmed to believe that success comes from doing things, not not |
Diane Mtetwa, Motley Fool Catching up on your retirement savings may be easier than you think. |
Robin Bleiweis and Jocelyn Frye, The Hill Paycheck Fairness Act's failure to become law, in large part due to Senate inaction, is a stark reminder of lawmakers' unwillingness to disrupt a status quo built on undervaluing women workers and the stubborn persistence of pay discrimination. |
Liz Ann Sonders, Charles Schwab Over the past 70 years, rising government debt generally has been accompanied by weaker economic activity. But it's not a simple relationship. |
Russell Redenbaugh & James Juliano, Kairos Capital Mgmt. |
Liz Ann Sonders & Kevin Gordon, Charles Schwab Trendy and speculative trades have gained micro bubble status and rolled over of late, but their weakness hasn't infected the broader market. |
Chris Edwards, Cato Institute Nations competing to have better policy is not a zero‐sum game. |
Carrie Schwab-Pomerantz, Charles Schwab When it comes to maintaining good credit, don't let myths and misconceptions fool you into bad decisions. |
Bret Swanson, American Enterprise Institute |
Richard Moody, Regions Bank |
Steve Cuozzo, New York Post New York City's population drain in 2020 occurred not only in wealthy Manhattan enclaves but in less well-off neighborhoods across the five boroughs, according to a new report by real estate firm C… |
Bruce Yandle, Washington Examiner Speaking on Monday prior to her engagement with the International Monetary Fund, Treasury Secretary Janet Yellen called for the G-20 countries to form what amounts to a tax cartel. It would set a minimum corporate tax rate, limiting competition among countries when business leaders search for… |
Albert Hunt, The Hill Since the fall of the Berlin Wall, tax cuts have been the only glue that holds increasingly disparate Republicans together. |
Tom Woods, Tom Woods Show Our old friend John Tamny of RealClearMarkets.com joins us to discuss the economic folly that accompanied the coronavirus panic. Sponsor Blinkist lets you read |
Ethan Yang, AIER "It goes without saying that societal institutions exist for a reason and abruptly pulling them out from underneath everyone's feet may have dire consequences. That is what policy makers have done with lockdowns. They have attempted to tamper with the natural order of society and unleashed... |
Jamelle Bouie, NYT If they really wanted to help the working class, there is plenty they could do. |
Emily Brandon, U.S. News Here's why you should view your Social Security benefit statement: Find out how much you will get when you retire. See what happens if you become disabled. Take note of how much your family will receive if you die. Check your earnings record. Verify your Social Security and Medicare contributions. [ READ: Why You Should Create a My Social Security Account. ] What Is a Social Security Statement? Your Social Security statement gives you a personalized estimate of how much you will receive from Social Security if you retire or become disabled, and how much your family members might... |
Dana Peterson, CNN Based on the current factors at play, fears of dire, long-lasting inflation are likely overblown. |
Dani Rodrik, Project Syndicate The US administration's proposed $2 trillion infrastructure package could transform the US and set an important example for other developed countries to follow. But to achieve its potential, the plan must avoid misleading state-versus-market dichotomies and outdated Cold War tropes. |
John Schwartz, New York Times Dive down a rabbit hole and explore nonfungible tokens, multimillion-dollar digital art and the nature of reality. |
Eric Boehm, Reason Global supply chains beat government-directed manufacturing once again. |
Bill McBride, Calculated Risk There is discussion of another housing bubble. I wouldn't call the current situation a "bubble". |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Fisher Investments Editorial Staff, Fisher Investments |
Jerusalem Demsas, Vox Fed up with skyrocketing housing prices, voters support strong federal action. |
Felix Salmon, Axios In order to win bidding wars, homebuyers are being forced to make rushed and risky decisions. |
Christine Benz, Morningstar In-retirement portfolios should include a blend of inflation hedges and inflation beaters. |
Edoardo Campanella, Project Syndicate The role of social capital became obvious during the pandemic, which has fallen hardest on those countries and communities with the least amount of mutual trust and solidarity. With many of the crisis-era changes in working arrangements likely to persist, social connections will hold the key to future growth. |
Andrew Sansone, Quillette Defunding had predictable and dangerous consequences. |
Judge Glock, City Journal Industry needs lower taxes and fewer regulations, rather than more economic-development policies. |
Bryce Coward, Knowledge Leaders Three reasons passive investing has become more risky. | |
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