National Tax Reformers Should Look to Alaska for Landmines

Across the United States, people are talking about tax reform. Comprehensive overhaul of the federal tax code was a core part of President Trumps campaign platform, and voters on both sides of the ais. […] » Full Post

Source: RealClearMarkets - Articles |

Forget Equities, Bonds Are Where the Action Is

In the iconic movie Wall Street, filmmaker Oliver Stone presents as his archetype Gordon Gekko, a corporate raider who takes no prisoners. Such were his excesses that he even delivers a speech extolli. […] » Full Post

Source: RealClearMarkets - Articles |

Government Has Rationalized Much Dubious Lending

Among the many things it does, the federal government is one of the nation's largest lenders. It lends to farmers, homeowners, students, small businesses, exporters and rural electric utilities, among. […] » Full Post

Source: RealClearMarkets - Articles |

With California Budgeting, Democrats Have Pseudo-Dictatorial Powers

Last week was budget mania in Sacramento and in the chaos that always ensues, Sacramentos Democratic leadership prevailed once again at using a legislative loophole to stack the cards in their favor.. […] » Full Post

Source: RealClearMarkets - Articles |

Don't Repeal NAFTA, Just Bring It Into the 21st Century

In his letter to Congress last month, U.S. Trade Representative Robert Lighthizer emphasized that “NAFTA was negotiated 25 years ago, and while our economy and business have changed considerably. […] » Full Post

Source: RealClearMarkets - Articles |

Books: Jared Meyer's 'How Progressive Cities Fight Innovation'

Could the purchase of a car save a neighborhood? In the past the answer to the previous question would have been quick and dismissive no. Blighted neighborhoods are improved by investment, while a pur. […] » Full Post

Source: RealClearMarkets - Articles |

Trump Tried to Strong-Arm Ford, and It Expanded Profitable China Operations

In early January, then-President-Elect Trump bragged that he had helped put the kibosh on a plan to shift production of the Ford Focus from Michigan to Mexico. So where are they building it? In China.. […] » Full Post

Source: RealClearMarkets - Articles |

It's Time to Disrupt the Existing Hospital Business Model

Business models often change quite dramatically over time in the American economy. Think of booksellers; Amazon changed the concept of a bookseller and its book retailing vision led to the radical div. […] » Full Post

Source: RealClearMarkets - Articles |

Without Travis Kalanick, There's No Uber...And There's No Lyft

Imagine for a moment New England Patriots head coach Bill Belichick stepping down, only to be replaced by the teams defensive coordinator, Matt Patricia. Does anyone seriously think the Patriots prese. […] » Full Post

Source: RealClearMarkets - Articles |

America Sings the Post-Industrial Blues

Ever since President Trumps election, a cottage industry of politicians, journalists, scholars and commentators has sought to understand what motivates Trump supporters. Theories have ranged from glob. […] » Full Post

Source: RealClearMarkets - Articles |

Sometimes Terrible Tragedies Can Bring Us Together

Sometimes terrible tragedies can bring us together, and Im hopeful that somehow a lasting good will come out of the ballfield shooting in Alexandria, Va. Maybe even a rebirth of civility, which has vi. […] » Full Post

Source: RealClearMarkets - Articles |

Another Unnecessarily Embarrassing Day for the Fed

US Government bond securities throughout the 1930s would trade with negative yields the closer to maturity they became. It was not then, and is still not in the modern day, uncommon for treasury bill. […] » Full Post

Source: RealClearMarkets - Articles |

Donald Trump's NAFTA Trade Imbalance Delusion

The Trump administration is determined to renegotiate the North American Free Trade Agreement (NAFTA) which created a single market from Mexico's southern border to the Yukon but the main political ap. […] » Full Post

Source: RealClearMarkets - Articles |

Listen Luddites, This Market Action Is About the Machines

"Let's consider that statement. In the last 20 years the VIX closed lower than 10 on a total of 11 days, and 7 of those days were in the past month. Think about that - over the past 2 decades, was the. […] » Full Post

Source: RealClearMarkets - Articles |

The Western Economists Who Needlessly Delayed China's Revival

In his endlessly interesting 1982 book China: Alive in the Bitter Sea, Fox Butterfield described a tragically backwards country. So primitive were even the relatively well-to-do cities like Peking tha. […] » Full Post

Source: RealClearMarkets - Articles |