Jay Powell is a continuation of the Yellen years, but he may be a slight improvement over Yellen’s complacency as a proponent of endless easy money. Would that there was someone at the Fed with the sensibilities of Paul Volcker...
Both fact and logic seem to me to support the view that savings invested in privately owned economic tools of production amount to an act of charity. And further, I believe it to be — as a type — the greatest economic charity of all.
By economic tools of production I mean, of course, things with exchange value — trucks, factories, railroads, stores — which assist human effort in the production of other items of economic worth.
Does saving and investment in these tools qualify as charity? Does it meet the three tests of an act of charity?
As happens every time any sort of tax change that can be demonized as “tax cuts for the rich” is proposed, the Trump administration’s framework for tax reform has been met with “tax me more” virtue signaling. The latest installment I have seen was “I’m a billionaire. Tax me more,” in the October 6 Los Angeles Times.
15. Herbert Hoover and the Myth of Laissez-Faire
The conventional wisdom, of historian and layman alike, pictures Herbert Hoover as the last stubborn guardian of laissez-faire in America.
Is it illegal to physically attack another person in Kentucky? If so, it’s unclear why there is any need or cause whatsoever for the involvement of federal authorities in Rand Paul’s recent altercation with a neighbor at this Kentucky home. Indeed, even if Paul had been murdered, there’d still be no reason to involve federal authorities.
To “commemorate” the 100th anniversary of the Bolshevik revolution in Russian, I’ve been sharing a series of columns on the evil of communism.
In a new report for the TaxPayers’ Alliance in the UK, Ben Ramanauskas makes an important point: deficit spending and government debt are moral issues, and not just matters for arcane economic theory.
National Review seems to think the recent election in Virginia was about Trump, when in fact it was entirely about demographics. Virginia is no longer a red state, and will become increasingly deeper blue in the decades ahead. This is why Romney lost in 2012, why Trump lost in 2016, why Ed Gillespie lost this week, and why future Ed Gillespies will lose statewide elections in the Old Dominion for the foreseeable future.
