I shared a month ago Arthur Laffer’s idea that a tax holiday would have cost less than the government’s budget-busting stimulus programs and would have already achieved an unemployment rate of 2.5%. Instead, the US faces bankruptcy thanks to a crescendo of mindless spending following decades of fiscal mismanagement in Washington, and still suffers an […]
Category Archives: US politics
Fewer Pay, More Receive
I received yesterday a certified letter from the IRS informing me that I need to send money to the Treasury for the third time in three months. On the one hand, I’m fortunate to make enough money to need to pay so much so often. On the other hand, I have to wonder what I’m […]
Rahn: Fire America’s Management
Cato Institute senior fellow Richard Rahn wrote in the Washington Times: Assume you own stock in a company whose market share has fallen from approximately one-third of the industry 15 years ago to only one-quarter today, the company was racking up record losses and debt, and the management has proposed increasing the prices of its […]
