economics

Does the Economy Really Perform Better Under Democratic Presidents?

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Responding to the failures of Enron and Worldcom within six months of each other, failures that didn’t spook the markets much at all, President George W. Bush zestily signed into law Sarbanes-Oxley (legislation that most certainly did spook the markets), thus criminalizing failure in an economy that had long derived its dynamism from – you guessed […]

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There Are No Economic Forecasts, There’s Just Potent Fallacy

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Economists quite literally ascribe to themselves an ability to forecast the global economy. Any doubts about the previous assertion can be found by placing “global recession” into the search bar of your engine of choice. The arrogance of such a presumption is astounding. As is written here with some frequency, the mere notion of

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With Marco Rubio’s Plans, Who Needs Central Planning?

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“But in May 2015, Beijing went public with a 10-year plan to dominate high-value, high-technology sectors – with the unspoken goal of destroying America’s economic supremacy.” Those are the words of protectionist Florida Senator Marco Rubio from an opinion piece published in the Washington Post. On their own they require a pause. As history

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