Dec
16
2012

TAX MAGEDDEN IS COMING

The fiscal cliff, which I would rather call the fiscal slope, is maybe right around the corner. Or maybe it isn’t. Why the slope instead of the cliff? When we will experience a rather steep slide instead of a... Read more
Nov
30
2012

Obama Gets a Second Term. What’s Next?

The Obama administration in the 2012 campaign produced “Life of Julia,” a cartoon depicting cradle-to-grave government programs to provide for Julia’s entire life. The film was the target of humor and ridicule by conservatives prior to the election. It... Read more
Nov
11
2012

THE INVISIBLE HAND OR IRON FIST?

I had an interesting exchange with my old friend and colleague Jon-Christian Suggs on Facebook after the election. He made this comment about our philosophical differences: “In his speech last night, the President noted that we are a ‘self-governing’... Read more
Oct
29
2012

COSTS OF GOVERNMENT REGULATION

President Obama has during his first three years in office issued over 10,200 federal regulations that will cost consumers and businesses $46 billion annually. Worse, just implementing these regulations will have a one-time cost of $11 billion. The American... Read more
Oct
23
2012

UNEMPLOYMENT IS DOWN; SO IS EMPLOYMENT

As Election Day approaches, the unemployment rate has miraculously fallen from 8.2% to 7.8% in two months. President Obama is elated, saying that the economy is on the road to recovery. But is it? The unemployment rate is down,... Read more
Oct
14
2012

CSE Economic Predictions for 2013

A long-time friend from high school sent me an email asking me, as the Common Sense Economist, my economic predictions for 2013. He, as a former CEO of two major corporations, should be in a better position than I... Read more
Oct
11
2012

The Middle Class Pays

Taxes. Who pays how much? There’s been much discussion about big government as a tool to provide for the poor at the expense of the rich “who can easily afford it.” However, economists know that the location of the... Read more
Oct
04
2012

Dr writes:The Debate! You could tell that Harvard Law doesn’t teach Economics. The fact is there is only one way out of the mess being left for the next President. There is no way to pull out of the... Read more
Sep
02
2012

There Is No Such Thing As Macroeconomics

“I teach macroeconomics and other fairy tales.” Heard at a meeting of economics professors of the University of Georgia. “I believe in macroeconomics and the tooth fairy.” Same source, said by Chuck Holmes. Macroeconomics: Concerned with the economy as... Read more
Jul
23
2012

Approaching 75? There, already? Read this and weep

Washington appears to be set to establish the “cap and tax on longevity” at age 75 starting in 2013-after the election. Also referred to as the “put a lid on ’em and tax the remains,” It appears 2013 will... Read more