The New York Times considerately gives us an early look at the Box Canyon into which the 114th Congress, the GOP leading, is riding. In G.O.P. Is Divided as Budget Bills Start Piling Up we discover:
WASHINGTON — In their first major test of governing this year, […]
One of the most frightening forces at work in the world today is the tendency of Big Government toward perversion of science. The scientific method is pristine. Scientists are human, and fallible. The secular beatification of scientists and demeaning of science is a perversion. Better to beatify […]
At CPAC, recently, an estimated 10,000 conservatives and libertarians, together with many presidential aspirants, gathered across the Potomac. They did so amidst massive hoopla and intense media fascination. We in the media are nothing if not suckers for hoopla.
History, however, typically emerges without hoopla. Janet Yellen, […]
Washington, DC, is the capital of the United States. Yet Silicon Valley is the true capital of the America of the present and the future. Silicon Valley and its satellites gave us personal computers, web browsing, email, Amazon, eBay, PayPal, Facebook, Uber, Airbnb, iPhones, iPads, and other […]
The Republican Party has an embarrassment of riches in good prospective presidential contenders for next year’s race. Thus Gov. Jeb Bush’s debut speech — on February 4th, in Detroit, the start of of his “Right To Rise” tour — took on heightened importance.
Presidential campaigns are about […]
James Grant, in his new book The Forgotten Depression, makes a strong case for applying a prime directive of the Hippocratic Oath — “First, do no harm” — to economic policy. We today find ourselves beset by economic stagnation, racial strife, political bitterness, infectious diseases, […]
What possibly could bring together Rep. Gene Green (D-Tx), Rep. Sheila Jackson-Lee (D-Tx), Rep. Michael McCaul (R-Tx), Rep. Kay Granger (D-Tx), Rep. Rosa DeLaura (D-Ct), Rep. John K. Delaney (D-Md), Sen. Mazie Hirono (D-Hi), the Honorable Annise Parker and Houston’s First Lady Kathy Hubbard, a representative […]
Rand Paul recently sat with me to share some of his views. The insights on his worldview left me persuaded that he deserves to be considered the most important public intellectual serving in the United States Senate. Time Magazine calls him “the most interesting man in American […]
Washington finally shows signs of coming to grips with the importance of money to politics. This is not about mere campaign finance. Recently there was a breakthrough in bringing the money policy issue out of the shadows and to center stage … where it belongs.
The real […]
The new Congress has a chance at giving us a tax reform that would save us taxpayers something less than, but approaching, $168 billion dollars a year. A significant amount of taxpayer savings could be realized by streamlining the tax collection process. It can be done without […]
Boehner’s problem with the militant right is not that he isn’t a conservative — he is — but that he is suave rather than confrontational. As an analogy, Baby Face Nelson was one of the most ruthless gangsters in history. Baby Face got his nickname for his […]
One, and only one, candidate, Barack Obama, caught the X-factor and improbably got himself nominated and elected, and re-elected, president. Another improbable candidate could catch it again.
What is that X-factor? How does it upend things?
Peace and personal security continued to flourish in 2014 and are […]
Pyongyang, evidence shows, effected a spectacular data breach of Sony Pictures to express its wrath over Evan Goldberg and Seth Rogan’s The Interview, a movie about an attempt to assassinate Kim Jong-un. Neither the United States Secret Service nor the North Korean authorities take portrayals of the […]
The financial markets are on a hair trigger as to when, and how quickly, the Fed will tighten and raise interest rates. Billions of dollars will be won or lost by investors on this wager.
For the rest of us, getting it right — as did Chairman […]
A short time ago, in a galaxy very, very, nearby, a rebel alliance led by a Jedi Grandmaster named Lessig (who I know slightly and admire greatly) conducted a stunning raid on the Death Star. What Death Star? It is the money engines of Washington, DC, the […]
Voters have shown, yet again, that we do not like political fanatics. “Fanatic” is defined by my resident dictionary as “a person filled with excessive and single-minded zeal, esp. for an extreme … political cause.” The Republican Party, in the nuanced language of Sen. Mitch McConnell (R-Ky), […]
As noted in my previous column, AEI’s James Pethokoukis and National Review‘s Ramesh Ponnuru — among many others — appear to have fallen victim to what I have called the “Eichengreen Fallacy.” This refers to the demonstrably incorrect proposition that the gold standard caused the Great Depression.
Janet Yellen gave a widely noted speech, Perspectives on Inequality and Opportunity from the Survey of Consumer Finances, at the Conference on Economic Opportunity and Inequality held by the Federal Reserve Bank of Boston on October 17th.
The speech presented as a if ghostwritten for her by […]
When George Gilder, arguably the smartest man in the world, says, as he said to me over dinner recently in Washington, DC, that Peter Thiel is the smartest man in the world… pay attention.
Fortune calls Thiel “perhaps America’s leading public intellectual today.” (Not all agree […]
Most political eyes now are turned to whether the Republicans will take, or the Democrats hold, a Senate majority. Meanwhile what may be a comparably important election will be conducted, probably next month, mostly out of the public eye.
This is the race between Rep. […]
As stated in the preceding column, here, eminent labor economist Jared Bernstein recently called, in the New York Times, for the dethroning of “King Dollar,” claiming that the reserve currency status of the dollar has cost the United States as many as “six million jobs in 2008, […]
James Pethokoukis, the Dewitt Wallace Fellow and “Money & Politics columnist-blogger” for the American Enterprise Institute, is a frequently interesting analyst and polemicist … when he doesn’t mar his commentary with unseemly snark. That snark factor rose to radioactive in his recent connivance, at AEIdeas, in a […]
The Democratic Party has made “income inequality” a signature issue for the 2014 (and, presumably, 2016) election cycle. Democrats, en masse, shout “J’accuse!” at Republicans. There is a very different story to tell.
“Income inequality” is a crude, and twisted, heuristic for stagnant median family income. “Income […]
The Tax Revolt has run its course. A Money Revolt is needed.
Steve Forbes, with Elizabeth Ames, in Money: How the Destruction of the Dollar Threatens the Global Economy—and What We Can Do About It has thought the issues through. So has, among others, Lewis E. […]
$1.4 trillion are “stranded” overseas. Seventy-five Congresspeople, and growing, from both parties, respectfully led by freshman Representative John Delaney (D-Md), are advancing a plan to retrieve that money.
Senate Minority Leader Everett Dirkson reportedly once said, “A billion here, a billion there, pretty soon, you’re talking real […]