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Lawrence Kudlow / Politics

Recalling the Days When Democrats Cut Taxes

Fifty years ago last week, on Feb. 26, 1964, President Lyndon B. Johnson signed into law the sweeping tax cuts that had been championed by his predecessor, John F. Kennedy. The law brought the top marginal income-tax rate down to 70 percent from ...

Bitcoin Is Not Real Money

Just before the bankruptcy of the Mt. Gox bitcoin digital-money (or virtual-currency) exchange, Japanese finance minister Taro Aso predicted the inevitable failure. "No one recognizes them as a real currency," he told reporters. "I expected such a...

Obama's Work Trap

So let me get this right. Team Obama taxes millionaires who create jobs, while Obamacare creates incentives not to work at those jobs. No wonder recovery is so anemic. The policy here is to create fewer jobs and induce people to work less at those...

Left Turn in the Emerging Markets

There's a new cynical perception among international investors that Brazil is becoming Argentina, and Argentina is becoming Venezuela. But these investors are starting to boycott all the so-called emerging markets, since nearly all of them are ...