U.S. Economy

If you subscribe to wsj.com, they are starting a new forum today, kicked off by Brad DeLong and Arnold Kling (of the Cato Institute).

In the 1920s Presidents Harding and Coolidge never got close to the poll favorites of Washington, Lincoln and FDR when ranked, because they killed fewer, taxed less, made their administrations almost invisible, and sought no wealth or glory.

Who is Robe

As recorded on the Deke Bellavia radio program, WWL 870AM, New Orleans, Lousiana, 03-29-2006

Rockefeller, Carnegie, Dow, Hill, and other great American businessmen did more for America than all the big-government programs combined. These men were market entrepreneurs, not political ones.

Forcibly curtailing the use of carbon-based technology cuts the ground from beneath the development of future low-carbon technology. It aborts the development of the necessary industrial base. Environmentalism thus stands a very strong chance of ultimately reverting to the more traditional socialism of massive government construction and engineering projects.

A few days ago, the Federal Reserve released the latest flow of funds report.

Our analysis shows that it is changes in past money supply, and not changes in the price of oil, that drive price inflation.

CNN is reporting that July 1 was the effective date for a host of new state laws, with more laws about to become effective.

If I were to give a tour of the United States to visitors from a socialist country, who are used to experiencing chronic shortages of almost everything, Wal-Mart would be one of the first places I would take them. It is a perfect symbol of one of the most remarkable things that we have — an enormous variety of high quality, low cost products that are available to virtually everyone throughout the United States.