Almost all of us know (because President Trump boasts of it in nearly every speech) that our 3.5% unemployment rate has reached a 50-year low. But this official decline in joblessness doesn't tell the entire story of the improvement in the job market in the United States. And it doesn't fully capture the change in direction between what happened...Read more
Over the holidays, I read Elton John's biography, "Me." He writes about his friendship with Freddie Mercury, the ultratalented lead singer of the rock group Queen. Mercury tragically died of AIDS at the age of 45 in 1991. Mercury was one of the last people to die of the disease in Britain during the epidemic years. John writes sadly and almost ...Read more
These days, when you listen to the gloom of the media and many of the presidential candidates, you have to wonder what country these Debbie Downers are talking about.
Former Vice President Joe Biden recently declared, "The middle class is getting crushed. And the working class has no way up."
Sen. Bernie Sanders stews that President Donald ...Read more
If there is any lesson we have learned about the Federal Reserve system in the last few years, it is that the supposed oracles who run our central bank are anything but infallible.
This time last year, Federal Reserve Board Chairman Jerome Powell made a multitrillion-dollar mistake by raising interest rates at a time of no inflation and even ...Read more
Our sources are telling us that President Trump is nearing a decision on how to revive the all-but-dormant American uranium industry. This proposed plan would create a reserve of domestically mined uranium stored in a "Federal Uranium Security Stockpile." One option on the table is for the Department of Defense to purchase uranium through the ...Read more
Why are Democrats Sen. Chuck Schumer and House Speaker Nancy Pelosi teaming together to lobby for a tax bill that would provide about 80% of the benefits to Americans who make more than $100,000 a year?
Schumer and Pelosi are the ones who, for the last two years, have been railing against income inequality and tax cuts for the rich, but now ...Read more
Washington do-goodism almost always fails to help the people it is supposed to because politicians ignore the Law of Unintended Consequences. Nowhere is that more evident than when it comes to a congressional plan to put payday lenders and other short-term lending institutions, such as the burgeoning online lenders, out of business.
These are ...Read more
The Federal Communications Commission has thrown a curveball into the global race for deployment of 5G -- the much-anticipated fifth generation of cellular and wireless technology. FCC Chairman Ajit Pai has announced his support for a government-run auction of an underutilized 500-megahertz space on the electronic spectrum that cellphone ...Read more
Every single plausible Democratic candidate for president has endorsed tax increases as a centerpiece of their economic agenda. Think about what we are hearing from Elizabeth Warren, Joe Biden, Bernie Sanders and the rest of the "Punch and Judy" show: new wealth taxes, carbon taxes, energy taxes, higher death and income taxes with rates up to 70...Read more
First, a full admission about this article: I originally sent a version of it to The Washington Post for publication, but for reasons that will become obvious as you read on, they rejected it.
Here's the backstory. Several weeks ago, I reported on the very large increase in median household incomes under Donald Trump. Based on Census Bureau ...Read more
Wouldn't it be wonderful if for one brief shining moment in Washington, Congress put good policy over politics -- and passed a bill that would benefit American workers, investors and businesses?
We haven't had a true bipartisan victory in Washington for seemingly ages, but we are tantalizingly close to getting there. This would be the passage ...Read more
Joe Biden is at it again -- living in his own parallel universe. The same former vice president who says that his son Hunter was hired by a Ukrainian oil and gas company because of his expertise in energy policy is now claiming that President Donald Trump has "squandered" the strong Obama economy he inherited.
Here is how Biden put it in a ...Read more