It wasn’t long after Donald Trump’s recent proposal to reverse his $10,000 cap on the State and Local Tax deduction (otherwise known as SALT) that critics on his right flank criticized the move. Supposedly past deductibility existed as a subsidy of blue states by red states, plus return of the deduction would allow high-spending […]
Red Staters Should Love Trump’s Pro-Growth Revival of SALT Deduction Read More »
“We steadily began to realize the magnitude of the task ahead of us, not even in terms of financial resources, but just time and effort and coordination. The hour that we can save a day, it’s time that we can spend with the kids or to have a glass of wine together.” Those are
Millionaire Renters: Start of a Multi-Bracket Trend Read More »
According to a recently released report from the New York Fed, Americans collectively owe over $1.1 trillion on their credit cards. Reports like this have a tendency to elicit bad ideas from politicians. For instance, Donald Trump has called for federal caps on interest rates charged to those who run up credit-card debt. Except that readers
It’s Lost on Christopher Waller That Shareholders Require Returns Read More »
A famous libertarian economic thinker, and memory says it was the late Walter Williams, was once presented on a talk show with the idea of a higher minimum wage. The suggestion was something like $7.25/hour to $10. In a paraphrase of Williams, he quizzically asked, “Why are you being so stingy? Why not raise
Where’s Walter Williams As Fed ‘Cuts’ Rates 50 Basis Points? Read More »
Songwriter extraordinaire Burt Bacharach died in 2023 at the age of 94. In a recent New York Times interview of Herb Alpert, the musician extraordinaire looked back to 2021 when Bacharach called. He was going into the hospital to have fluid drained from his lungs, but in between shots and draining his plan was to study
As ‘Tough Jobs’ Multiply, Retirement Parties Will Vanish Read More »
While electronic payments and transfers are quite a bit safer than they used to be, there remains the forever problem of individuals devising ways to separate those with wealth from it.
Saddling Banks With P2P Scams Screams Non Sequitur Read More »
George Gilder writes that “Planetary prosperity depends on the outsized genius of a tiny minority of human beings.” He’s right, and this explains the urgent case he makes in The Israel Test
Book Review: George Gilder’s Brilliant ‘The Israel Test’ Read More »
If TikTok were in fact a front for the CCP, it wouldn’t possess the American investment to be a front.
Don’t Be Ridiculous, TikTok Is Already American Owned Read More »
You know how the best NBA and MLB teams spend enormous sums of money scouting talent around the world? The best U.S. corporations do the same. A failure to do so comes at the cost of future innovation, and in some instance results in obsolescence altogether. It’s all a reminder of the why behind Microsoft opening
Congress Unwittingly Creates a Canadian ‘Jobs Multiplier’ Read More »
Talent matched with capital drives all economic advance, always and everywhere. Archaeologists will marvel at how many smart people bought into the Fed myth either way.
The Federal Reserve Can Neither Cause Nor Deter a Recession Read More »
