Jeb Bush recently opined that to get more economic growth, people need to work more hours. What Bush fails to understand is that more employment is not the key to more economic growth. Saving and investment bring more productivity, which brings a better economy.
Since the revolution, many acts of Congress under the Constitution have done much to undo the Spirit of 1776. Here are a few of the worst.
In this re-imagining of the Gilbert and Sullivan tune "I Am the Very Model of a Modern Major-General," Julian Adorney explores the American presidency and the discouraging lack of variety among successful candidates.
Today and in the recent past, all-but-uncheckable presidents have involved us in unneeded wars, invaded our liberties, and subjected us to economic controls that bear an uncomfortable resemblance to fascism. The world has turned upside down.
It appears that even economists are now being replaced by machines. At least it seems that way given a recent paint-by-numbers attack from the New York Times on James Grant's new book The Forgotten Depression.
Jeff Deist and Jim Ostrowski discuss how progressives managed to capture the 20th century.
James Grant proposes that the last time US government did not prescribe the now standard cure for economic slumps consisting of fiscal stimulus and easy money was the downturn of 1920–1921. Grant’s purpose is to test the efficacy of this medicine by checking what happened when it was not administered.
"In other words, you cannot accurately forecast a recession or financial panic by looking at either the announcement or the completion of the world’s tallest building"
So The Economist apparently does not think too "highly" of my skyscraper theory
Government will be so much better if we just adopt the latest fads in government reform, we’re told. Needless to say, modest reforms have a long record of total failure and the only answer is to make radical cuts to every government program.
