The House of Representatives will soon vote on full repeal of Obamacare. In an attempt to defend the health care overhaul, Treasury Secretary Timothy Geithner writes this morning that, in light of continued unacceptably high unemployment, “Given where we are, we must do things that help bolster the recovery, and …
Congressional Budget Office (CBO) Director Douglas Elmendorf recently testified before the Senate Budget Committee on policies that might give the economy a helpful lift in the near term. Congress is right to be concerned. But for an inventory surge last winter, the economy remains stuck in low gear at about …
Still in the midst of a recession, the United States finds itself at a crossroads regarding which path will lead to economic growth and job creation. There are two choices: further government involvement and a stronger role for Washington—accompanied by higher taxes and heavier regulation—or the path of less government, …
Carnegie Mellon University economics professor and American Enterprise Institute visiting scholar Allan Meltzer has a must read op-ed in today’s Wall Street Journal titled: Why Obamanomics Has Failed: Uncertainty about future taxes and regulations is enemy No. 1 of economic growth. It is re-posted in its entirety below but as …
Political candidates apparently can choose no better campaign issue this year than excessive government spending and the exploding debt it’s producing. In one campaign after another, voters high and low on the economic ladder respond in the same way when challengers berate incumbents for reckless debt accumulation: raucous, fist-pumping applause …
In his latest article in Foreign Affairs, Carl J. Schramm, president and CEO of the Ewing Marion Kauffman Foundation, calls for “expeditionary economics” a new strategy for reconstructing economies of post-conflict countries. Pointing out that the current U.S. Army Stability Operations field manual “epitomizes the central-planning mindset that prevails in …
The eleven year old euro zone, the world’s second largest economy after the U.S., confronts a cold reality: its members lost economic vitality over the euro’s first decade, as shown in this WSJ chart. The WSJ reports: [The] appetite for structural overhaul is low among Europeans, who have long believed …
