Whenever a central bank introduces easy monetary policy, as a rule this leads to an economic boom — or economic prosperity. At least this is what most commentators hold. If this is however the case then it means that an easy monetary policy can grow an economy. But...
Candidate Trump (2016): Count Donald Trump among the ranks of those who don’t think too much of the stock market as a sound place to put money. A day after making a widely watched public address on his economic plan, the Republican presidential nominee advised against...
The recently-reported 3.2 percent growth of the nation’s economy for the first quarter of 2019 was met by a wide variety of interpretations by business analysts. Some said it soothes fears of a coming downturn, while others looked below the headline figure for...
Socialism has reappeared again as an alternative to capitalism in the United States. In a few words, socialism is a political ideology and an economic system in which the state determines the price of labor, retains the means of productions, confiscate private...
The Good Reduces spending by $48.4 billion, including $25.8 billion from eliminating programs. Increases the ability of Medicare Part D plans to negotiate for lower drug prices. Adopts a two-year penny plan to reduce no-defense discretionary spending by 2 percent per...
Last Thursday, congressional Republicans unveiled their tax reform legislation. On the same day, President Trump nominated current Federal Reserve Board Governor Jerome Powell to succeed Janet Yellen as Federal Reserve chair. While the tax plan dominated the...
Around 3000 BCE, written language emerged for the first time in human history. The rise of city-states engendered an ever-growing economy, and people could no longer maintain transactional records solely in their minds. Economic progress would halt unless someone...
Debates over tax reform in Washington, D.C., are unsatisfying spectacles. Judging by most of what is said on all sides, an alien spectator might conclude that politicians have first claim to the wealth produced in the country and that their job is simply to distribute...
