Trying to Make It a Legitimate 'Science', Economists Achieved the Opposite

It sets up the most interesting conundrum in decades. For a paradigm wholly dependent on rational expectations theory, for Economics to now so publicly chastise and try to degrade the most significant. […] » Full Post

Source: RealClearMarkets - Articles |

In the Real World, Perfect Investing Strategies Don't Exist

When it comes to investing, most people are in search of reliable return streams to facilitate lifestyles and legacies they aspire to. And while we are all unique, we have many things in common in the. […] » Full Post

Source: RealClearMarkets - Articles |

Europe's Existential Threat to U.S. Capital Markets

Requiring seven years to draft and weighing in (currently) at 1.4 million paragraphs of rules and regulations, Europe’s new Markets in Financial Instruments Directive II will affect virtually eve. […] » Full Post

Source: RealClearMarkets - Articles |

Dismantling Iron Pipe’s Monopoly Will Benefit Consumers

As outside temperatures fall, we will soon see a predictable rise in the number of iron pipe water main breaks across our nation. The looming water infrastructure debate in Congress will be vital in a. […] » Full Post

Source: RealClearMarkets - Articles |

Not Much Evidence That a Corporate Tax Cut Boosts Wages

Reports suggest that the US Congress is making progress toward tax reform.  The House of Representatives is still slated to vote on its version tomorrow. It appears likely to pass. The Senate. […] » Full Post

Source: RealClearMarkets - Articles |

When Trump Puts 'America First,' Other Countries Put Us Last

Two events at the APEC Asia Pacific Economic Cooperation (APEC) summit provide a clear lesson: One of the problems with an America First trade policy is that it prompts the rest of the world to put Am. […] » Full Post

Source: RealClearMarkets - Articles |

Two Good Books About Presidents, Two Lousy Covers

The old saying goes, Dont judge a book by its cover. Im willing to go along, as assorted people have told me that they like my books, but are not crazy about the covers. And now its my turn. Earlier t. […] » Full Post

Source: RealClearMarkets - Articles |

Is James Stewart Overly Emotional, or Simply Unaware?

Warren Buffett presently pays billions in federal taxes, but business writer James Stewart finds all of this unfair. To be clear, Stewart thinks the tax code is slanted toward Buffett (and others like. […] » Full Post

Source: RealClearMarkets - Articles |

President Trump's Deregulation Signals Addition by Subtraction

President Trump, in a brief telephone call with the New York Times earlier this month listed what he saw as his biggest accomplishments, including a focus on deregulation. The Times relegated the ment. […] » Full Post

Source: RealClearMarkets - Articles |

Apple's iPhone Supply Chains Make the Protectionist Argument More Ridiculous Than Ever

Protectionists look at an iPhone and see the end of U.S. economic vitality and the emergence of Chinas economic dominance. In fact, the iPhone symbolizes a robust global economy largely anchored by th. […] » Full Post

Source: RealClearMarkets - Articles |

Why the Tax Code Is So Hard to Unravel

If you want to understand why the tax code is so hard to overhaul, consider the case of the mortgage interest deduction. The issue is so sensitive that the House and Senate are dealing with it in comp. […] » Full Post

Source: RealClearMarkets - Articles |

The Budget Deficit: The Three Card Monty of Political Debates

Robert Samuelson, in an op-ed from last week, observerd that “We Americans are having the wrong debate.” He thinks the debate shouldn't be about whether the tax cuts will stimulate faster ec. […] » Full Post

Source: RealClearMarkets - Articles |

All We Capitalists Have Now Are Herbert Hoovers

This week marks the anniversary of one of the darkest moments in human history. For a non-trivial portion of the American population, they take it to mean its been one year since Donald Trump was elec. […] » Full Post

Source: RealClearMarkets - Articles |

The Anatomy of Long-Distance Call 66 Years Ago

Sgt. Joe Friday of the radio and television series Dragnet serves as an excellent example of how far we have come by constantly improving technology. And it is a reminder of why we should not be afrai. […] » Full Post

Source: RealClearMarkets - Articles |

The Republicans Will Deliver a Tax Cut In 2017

As the House and Senate work their way through the tax-cut-and-reform effort, let me make one thing clear: Both plans are pro-growth where the economic power comes from the business side. And where it. […] » Full Post

Source: RealClearMarkets - Articles |