Category Archives: Economic Growth

Does Helping the Planet Hurt the Poor?

This week The Wall Street Journal poses an important question: “Does Helping the Planet Hurt the Poor?”  It provides two different answers by two different authors with distinctly contrary opinions.  Peter Singer, professor of Bioethics at Princeton, answers: “No, if the West Makes Sacrifices.”  Bjorn Lomborg, author of The Skeptical Environmentalist”  responds in contrast: “Yes, if We Listen to Green [...]
Also posted in Choosing the Good Life, Energy Economics, Energy Industry, Environmental Socialism, Global Warming, Poverty, Prosperity | Comments closed

Is Economic Freedom Necessary for Prosperity? New Data Says Yes!

Once again, economists and others can see the relationship between economic freedom and prosperity by reviewing the 2011 Index of Economic Freedom released today by The Wall Street Journal and the Heritage Foundation.  In a powerful article in The Wall Street Journal, Terry Miller, Director of the Center for International Trade and Economics at Heritage, [...]
Also posted in America's Future, American Capitalism, Choosing the Good Life, Economic Freedom, Market Capitalism, Prosperity | Comments closed

Taxes, Economic Growth, and the Outlook for 2011

Taxes are in the news again this week.  Articles abound and the media is filled with story after story on whether or not the proposed changes in tax policies being debated will take place and will they stimulate economic growth.  The extension of the Bush tax cuts, income tax rates, estate taxes, a payroll tax holiday, even an [...]
Also posted in Economy, Job Creation, Jobs, News, Taxes | Comments closed

What's the Real Significance of this Election to the American Economy?

If the pundits and commentators are correct, today’s election will be historic in scope.  Most think the House will change hands and some believe the Senate might change as well.  Simply changing party control, however, is not the complete reason for its being a historic election.  It’s the extent of turnover of seats in both the House and Senate.  Most importantly, [...]
Also posted in America's Future, Big Government, Economic Freedom, Economy, Health Care System, Jobs, Limited Government, Taxes, Uncategorized | Comments closed

Have Big Government Regulations on Small Businesses Gone Way Overboard?

In a surprising and startling editorial this week in The Wall Street Journal, a new study by the Institute for Justice is cited, detailing regulation after regulation, heaped upon entrepreneurs and small businesses in Los Angeles.  You might think that Los Angeles with an unemployment rate of 13.7% in September might want to encourage people [...]
Also posted in Big Government, Choosing the Good Life, Economic Freedom, Job Creation, Jobs, Regulations, Small Businesses | Comments closed

Is America about to be Hit with Inflation?

In a recent set of articles and editorials appearing in The Wall Street Journal, inflation, the devaluation of the dollar, and the state of the American economy – all are at the top of the news right now.  With high unemployment - nearly 15 million unemployed – and about one in seven Americans unable to find [...]
Also posted in America's Future, Choosing the Good Life, Inflation, Interest Rates | Comments closed

Will Americans Choose Economic Growth and Prosperity – Or Economic Decline and Poverty?

Today, America is at an extremely critical juncture in our history.  We are a prosperous nation on the brink of economic decline.  We are currently in the midst of an exceptionally weak recovery, following the worst recession since the Great Depression in the 1930’s.  America is following a set of high tax and reckless spending policies that are creating astoundingly-high [...]
Also posted in America's Future, Choosing the Good Life, Depression, Economy, Great Recession, Inflation, Interest Rates, Jobs, Taxes, Unemployment | Comments closed

Will Another $50 Billion Stimulus Kick-Start Our Economy?

Jobs.  Jobs.  Jobs.  It’s at the top of all the headlines this week.  It’s the number one story and it’s being debated coast-to-coast.  President Obama is proposing another $50 Billion stimulus package for roads, runways, and railways to boost our economy - in other words – to create jobs by building our transportation infrastructure.  The president [...]
Also posted in America's Future, Double-Dip Recession, Economy, Jobs, Taxes, Unemployment | Comments closed

High Unemployment, Empty Storefronts, For Sale Signs – When Will We Recover?

Driving around town the signs are obvious.  “For Sale” signs that sit for months on poorly kept lawns.  Empty storefronts with empty parking lots that painfully remind us of a few years ago when times seemed better.  Plus, we hear about high unemployment all the time – 9.5% nationally, 14.2% in Nevada, 13.2% in Michigan, and 12.3% in California [...]
Also posted in America's Future, Double-Dip Recession, Economy, Financial Sector Regulation, Health Care System, Jobs, Taxes, Uncategorized, Unemployment | Comments closed

Why Do Higher Tax Rates Often Lead to Lower Tax Revenues?

It’s really counter-intuitive.  But, raising tax rates, leads to lower tax revenues for the government and lower economic growth for the economy.  Well-known economist Arthur Laffer reminds readers of this fact in an article in The Wall Street Journal this week.  The article includes lots of data for the skeptics too.  If you get a [...]
Also posted in Double-Dip Recession, Economy, Jobs, Taxes, Unemployment | Comments closed