Jeb Bush Makes A Grand Supply Side Entrance

jbbshThe 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 […]

The Greatest Depression You’ve Never, Ever Heard Of

The Forgotten DepressionJames 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, […]

A Congressional Gold Medal Proposed For Winning The Cold War

cldwrWhat 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 […]

Exclusive Interview With Rand Paul, “Human Capitalist”

Ralph-RandRand 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 […]

Monetary Politics: The Biggest Money Player In Politics Is The Fed

fdrlrsrvWashington 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 […]

Will Paul Ryan, Ted Cruz, Rand Paul, or Ben Carson Initiate A $100 Billion Tax Cut?

ablshirsThe 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 […]

John Boehner, Speaker Of The House, Progressive Scourge

dms-bhnrBoehner’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 […]

The Unsung X-Factor That Could Upend The Next Presidential Election

apclpsOne, 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 […]

The Occult Wars Of Kim Jong-un, Smaug, Paul Krugman And Gold

theintrvwPyongyang, 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 Real Fed Tug Of War: the Yellen Doctrine vs. the Volcker Doctrine

jntylnThe 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 […]

Lawrence Lessig Attacks The Washington Death Star, Sows Panic

lwrnclsgA 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 […]

The November 4 Elections: American Voters Punish Political Fanatics

rdplsVoters 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), […]

The Gold Standard Did Not Cause The Great Depression, Part 2

gldstndrdhtlrAs 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, Politicizing the Fed?

jntylnJanet 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 […]

Billionaire Peter Thiel: “We Don’t Live In A Normal World; We Live Under A Power Law.”

Peter ThielWhen 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 […]

The Hidden Key 2014 Election: Kevin Brady Jolts Paul Ryan

rep kevin bradyMost 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. […]

The Rise And Fall And Rise And Fall Of King Dollar, Part 2

gldstndrdAs 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, […]

Conservative Think Tank Fouls With Innuendo That The Gold Standard Played A Role In the Rise Of Hitler And The Nazis

gldstndrdhtlrJames 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 […]

End the Fed’s War on Paychecks

jntylnThe 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 […]

A Money Revolt is Needed: Fix The Dollar With Gold

Fix-the-Dollar-logoThe 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. […]

Rep. John Delaney Sets Out To Bring A Trillion Dollars, And Safe Bridges, Back To America

dlny$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 […]

Who Is Rand Paul?

rndplFor starters, Rand is short for Randal, not an allusion to Ayn Rand, after whom Sen. Paul was not named by his libertarian (not Objectivist) father Ron Paul. Reportedly, growing up he was called Randy … until his wife shortened the diminutive to Rand.

Washington, ordinarily, is […]

Did “The Nixon Shock” Lead to Nixon’s Resignation?

nxnrsgn This month we observe the 40th anniversary of the resignation, under threat of imminent impeachment, of President Richard M. Nixon. Nixon aide and loyalist Pat Buchanan sums up, in a column in USA Today Liberal Elites Toppled Nixon his view: “Richard Nixon was not brought down […]

How The GOP Whiffs The Pursuit Of Happiness

gay marriageThe GOP once again appears clueless. But not quite for the reason that liberals suppose.

An August 4th New York Times article by John Harwood, Democrats Seize on Social Issues as Attitudes Shift focuses on the Democrats use of “social” as “wedge issues” in the […]

Faithful John Boehner To Faithless Barack Obama: Checkmate?

bhnr-obmHouse Speaker John Boehner’s proposed lawsuit against Barack Obama is causing a great deal of chatter in Washington. Political stunt, as Obama has called it? Or, maybe, checkmate, Obama?

There is a quiet gap in the U.S. Constitution. There is no explicit mechanism to discipline a president […]










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