economic growth

Sorry Keynesians, Housing Has Nothing To Do With Economic Growth

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Writing at the New York Times, economist Rebecca Patterson confidently asserted that “Housing is the foundation of the economy. Homes represent the single largest asset for most Americans. They are a vital source of wealth creation that supports consumer spending, which in turn represents about two-thirds of U.S. economic output.” No, that’s just not true.  To understand […]

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Newsom, Pritzker and High Tax Blue States Offer Red States a Huge Gift

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Government spending saps economic growth, which is no insight. Instead, it’s just a comment that the centralized and politicized allocation of goods, services and labor in sub-optimal fashion by politicians lays a wet blanket on economic growth. What makes the economically enervating nature of government spending worth mentioning is the ongoing debate about state

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Economic Progress Is a Brilliant Effect of What We’re Not Doing

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It cannot be said enough that economic growth is defined not by what people do, but by what they don’t. Which certainly helps explain the big declines in future-seeing equity prices in concert with President Trump’s haphazard rollout of his tariff plan. It’s an economy-sapping blast to the past that is forcing a revaluation

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