The Magic Formula by Nathan Lewis shows that (1) GOP tax cuts aren’t enough, wasteful spending must also be tackled; and (2) Federal Reserve should revert to "stable money" policies.
Read More...Tags: Leo Tolstoy, Nathan Lewis, Steve Forbes, low taxes, JFK , Ronald Reagan , Bush 43, Donald Trump , responsible budgeting, Laffer Curve, stable money, CPI Index, Walter J. Williams, Shadow Governemtn Statistics, Andy Kessler, Fed inflation target, Janet Yellen, Roman emperors, President Herbert Hoover, American Revolution, Great Depession, Great Recession, currency devaluation, Lewis Powell
Economic growth has been accelerating while inflation remains moderate, but this may not last long. Modest government policies, designed to support the private sector rather than controlling it, should be the order of the day. Read More...Tags: Great Recession, economic growth rate, Keystone pipeline, Environmental Protection Agency, Scott Pruitt, US vs. global economy, NAFTA, trade war with China, unemployment rate, workforce participation rate, minimum wage, food stamps, inflation rate, Consumer Price Index, John Williams, Federal Reserve, 2% inflation target, Janet Yellen, Jerome Powell, ethanol blending mandate, crony capitalism, Federal Reserve dual mandate