Of all America's immigrant visa programs, arguably the most successful for the U.S. economy has been the H-1B program. This program admits highly skilled foreign workers who fill vital employment niches to make our Made in America businesses more successful in international markets. Larry Kudlow, the director of President Donald Trump's National...Read more
If you want one number that encapsulates the enormity of the economic turnaround under President Donald Trump, it is this: In America, as of the end of February, there were 7.1 million unfilled jobs, according to the U.S. Bureau of Labor Statistics. This number is larger than the entire population of the state of Indiana. That is how powerful ...Read more
What caused the financial crisis and Great Recession? A decade later, economists still don't have a good answer. Of course, the financial bubble in the housing market was the proximate cause, but this begs the question of what inflated the bubble that burst in the first place.
This isn't just an academic exercise for the history books. It's ...Read more
The seething anger Americans feel over the college admission scandal with wealthy and well-connected families using money, influence and cheating to bump their kids up in line so they get accepted into elite schools is well justified. Yet this scheme is small potatoes compared to the real scandal on college campuses from coast to coast. That ...Read more
Alexandria Ocasio-Cortez's Green New Deal has been widely ridiculed for its massive disruption to the economy and a price tag of tens of trillions of dollars.
Now some Democrats are countering that this isn't the first Green New Deal in America. They point to President Barack Obama's fiscal stimulus plan of 2009-2010 as an example of how ...Read more
Remember when Democrats complained that $5.7 billion for a border wall was too expensive? Well, that's chump change compared to what many of the congressional Democrats and nearly all of those 15 declared Democrats in the presidential race are now rallying behind.
The price tag isn't in the billions but in the tens of trillions. President ...Read more
In almost every case, whenever a tariff or quota is imposed on imports, that tax is strongly supported by the domestic industry getting the protective shield from lower-priced foreign competition. The sugar industry supports sugar tariffs; textile mills lobby for tariffs on foreign clothing. The steel industry and the aluminum makers are getting...Read more
President Trump gave one of his most memorable and impactful speeches two weeks ago, when he systematically dismantled the case for socialism. In that speech, he recalled the economic harm and destruction in nations that have adopted socialism, communism or Stalinism. "America will never be a socialist country," Trump pledged in his speech in ...Read more
"This is the flip side (of) tax the rich, tax the rich, tax the rich. The rich leave, and now what do you do?" said New York Governor Andrew M. Cuomo on Feb. 4.
After the Trump tax cut went into effect one year ago, we predicted that the Trump tax reform would supercharge the national economy but could cause big financial problems for the five ...Read more
Does anyone know where all those free trade Democrats went?
Since Donald Trump burst onto the scene, liberal policy wonks and their Democratic allies have had a field day torching him for his tariff policies. Last year when I testified before the Senate on auto tariffs, nearly every Democrat on the committee, including Elizabeth Warren of ...Read more
Rep. Alexandria Ocasio-Cortez, New York Democrat, has released her Green New Deal plan to the nation -- and to great applause from the Democratic Party.
This multitrillion-dollar manifesto isn't just about saving the planet from climate change -- though that is the centerpiece. It also includes a whole social justice agenda that includes ...Read more
Well, what do you know! It turns out that amateur economist Donald J. Trump knows more about sound monetary policy than Fed chairman Jerome Powell and his team of hundreds of Ph.D. economists.
Call it street smarts or call it business moxie, but Trump was dead right when he attacked the Fed, first in September and then even more savagely after ...Read more
The government shutdown is over -- for now -- but the political ramifications are still being sorted out. The media has been chortling that Donald Trump "caved," and he may well have lost this battle with congressional Democrats. Their "victory," such as it is, is to notify American voters that they are so opposed to a wall and a secure border ...Read more