By Logan Albright The spectre of income inequality is one that refuses to be silenced in a political climate saturated with news of Occupy protestors, AIG bonuses and faceless corporations deemed too big to fail. The level of outrage is understandable, but it’s time to acknowledge that decades of government redistribution of wealth through taxes … Continue reading
Latest Entries
Tax Revenue as a Percentage of GDP: A Flawed Metric
By Logan Albright In the context of mounting concerns over the rapidly increasing national debt, the issue of tax revenue is frequently raised. Currently, revenue from federal taxes is at about 14.4% of GDP. Add in state and local taxes and this number rise to 24%. What does this mean in the broader international and … Continue reading
Obama the Central Planner
By Logan Albright A number of recent announcements from the White House continue to emphasize the fact that Barack Obama simply doesn’t understand how a market economy functions. Undaunted by the Solyndra fiasco and similar failures, the president persists in his belief that it is both appropriate and wise to use government resources to prop … Continue reading
How Technology Strengthens the Argument for Liberty
By Logan Albright The first century after the founding of the United States of America is remembered as one of the greatest success stories of all time. By laying down a simple set of rules limiting the role of government to protecting property rights and allowing citizens to conduct business as they saw fit, we … Continue reading
Conservatives and Science
By Logan Albright A recent study in the American Sociological Review has found that politically conservative Americans are more distrustful of the scientific community than in the past. This relatively straightforward conclusion has is not in itself insulting, and the authors deserve credit for adopting a politically neutral tone, but misinterpretation of the study is … Continue reading
Oversight Committee Markup
After three and a half hours of what seemed to be another episode of Desperate Housewives of Washington D.C., the House of Oversight passed several amendments to Taxpayers Right to Know Act, and the Regulatory Freeze for Jobs Act of 2012. Additionally the Oversight Committee authorized the Administrator of General Services to convey a parcel … Continue reading
Economic Daily Outlook
FRIDAY, MAY 4, 2012 ECONOMICS: Jobs Report Will Provide Fodder for Campaigns (Wall Street Journal) By Laura Meckler and Sara Murray Politically speaking, Friday’s unemployment report will boil down to a simple set of numbers: two men, one job. Mitt Romney and President Barack Obama’s campaigns will be combing the figures on April job growth … Continue reading
Economic Daily Outlook
THURSDAY, MAY 3, 2012 ECONOMICS: Treasury: Tax receipts not changing deadline on $16.4T debt limit (The Hill) By Peter Schroeder Lawmakers will not have to re-fight their epic battle over raising the debt ceiling until after the November elections, according to the Treasury Department. April tax receipts have not moved Treasury’s debt-ceiling target date, and … Continue reading
Economic Daily Outlook
WEDNESDAY, MAY 2, 2012 ECONOMICS: Growth in Manufacturing Is Highest in Almost a Year (New York Times) By The Associated Press Manufacturing grew last month at the fastest rate in 10 months, suggesting that the economy is healthier than recent data had indicated. New orders, production and a measure of hiring all rose. The April … Continue reading
Economic Daily Outlook
TUESDAY, MAY 1, 2012 ECONOMICS: Krugman Says Fed ‘Reckless’ to Allow High Jobless Rate (Bloomberg) By Timothy R. Homan and Trish Regan Nobel Prize-winning economist Paul Krugman suggested Federal Reserve policy makers led by Ben S. Bernanke are “reckless” for refusing to pursue higher inflation, which he said could lower U.S. unemployment. “The reckless thing … Continue reading
You must be logged in to post a comment.