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Op-ed Placement

India, and the Unsung Cruelty of Life Without Massive Inequality

According to the New York Times, 564 million Indian citizens don’t have toilets, indoor or outdoor. You read that right. Roughly half of India’s population goes without what Americans of all economic stripes take for granted, and that is standard (indoors) in any American apartment or house.

09/06/2017
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Op-ed Placement

When They Promise To Bring Back Manufacturing Jobs, They're Promising Stagnation

The British fought three wars in Afghanistan over an 80-year period. They finally left this “graveyard for empires” in 1919, only to eventually be replaced by the Soviet Union in the late 70s, and the U.S. in the aftermath of 9/11.

09/04/2017
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Op-ed Placement

The Genius Of Nothing: The Unsung Economic Lesson Of Donald Trump's Presidency

Modern stock-market commentary is always amusing. Maybe it’s the desire among writers to secure clicks in the age of the internet, but so much of the media chatter about markets focuses on the coming “boom,” “crash,” or the always “eerie” similarities to 1929, 1987, or 2008. That it does is a sign of how worthless most equity commentary is.

08/28/2017
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Op-ed Placement

The Economic Opportunity Inside a Debt-Ceiling 'Crisis'

Seemingly lost in an endless tug-of-war between supporters of big and bigger government is that the federal government is not stockpiling dollars when it taxes and borrows away the wealth we produce. If only that were so.

08/23/2017
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Op-ed Placement

The Trump Economy

Well finally we are getting that “Summer of recovery.” The July jobs report was a blockbuster — solid job gains across the economy, lowest unemployment rate in more than a decade, and a nice bump up in wages.

08/06/2017
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Blog

In Defense of Economic Noninterventionism

A recent Wall Street Journal article has surprisingly good news: US companies are seeing the highest profit growth in two years with “two consecutive quarters of double-digit profit growth for the first time since 2011.” This surprisingly comes not from policies pursued in Washington, but the hard work of the private sector.

08/02/2017
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Op-ed Placement

Much Fast Growth Right Around the Corner

Every day there are legions of new economists who dismiss the Donald Trump economic agenda and his forecast of 3 percent growth as a wild-eyed fantasy. The consensus is that the economy “can’t possibly grow at 3 percent” says The Wall Street Journal. “Slow growth is the new norm, so get used to it,” writes Rucir Sharma, Morgan Stanley, chief global strategist at Morgan Stanley in Foreign Affairs magazine this month.

06/20/2017
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Op-ed Placement

Don’t Trap The Poor In Payouts

There is a strong moral case for welfare reform. Welfare binds the poor with the soft chains of good intentions. The Bureau of Labor Statistics says that there are 5.7 million job openings, but also reports that there are 7.1 million unemployed in our country. A compassionate response to the unemployed is not meager payouts every month to keep them alive. Genuine compassion means focusing on getting every level of government out of the way and creating conditions in which these 7.1 million unemployed individuals can get into those 5.7 million job openings, take pride in their work, help others by being productive citizens, and flourish.

05/17/2017
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Op-ed Placement

We Need More Than a Tax Cut

There was a transformational shift in American politics with the election of Donald Trump. Frustrated by the status quo, the electorate sent a message to Washington that it’s ready for a different path.

04/13/2017
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Op-ed Placement

How Trump Can Create a Bull Market

The stock market has risen about 9 percent since the election of Donald Trump with near a $2 trillion increase in wealth. Is this the start of a big bull market rally? Investors are rightly euphoric over President Trump’s pro-business/pro-investor policies. But Wall Street is coming to grips with the political reality that gridlock is the default position in Washington. Democrats have announced they are preparing an all-out defense against Trumpism as if they were trying to repel the Normandy Invasion. So the market has been jittery in recent weeks, rising on Trump successes (such as the regulation roll back) and falling into despair when his economic agenda seems bogged down or he pursues bearish policies like tariffs on Mexico. To get a sense of where the market is headed, it’s wise to look at the historical parallel of the early years of another presidential disruptor: President Ronald Reagan. Mr. Trump can learn from Mr. Reagan’s mistakes and successes.

02/05/2017

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