About a year ago Stephen Moore, Peter Tanous and I set about writing a book about our vision for the future entitled “The End of Prosperity.” Little did we know then how appropriate its release would be earlier this month. Financial panics, if left alone, rarely cause much damage to the real economy, output, employment…
The Wall Street Journal 12/10/07 A record eight million Americans moved from one state to another last year. Where is everyone going, and why? The answer has little to do with climate: California has arguably the nicest climate of any state in the nation – yet in this decade more Americans have left the Golden…
The Wall Street Journal 10/15/96 Bob Dole’s proposal to cut income tax rates by 15% across the board and halve the capital gains tax rate has resurrected all sorts of issues from the policy debates of the Reagan ’80s. The Dole plan also stands — notwithstanding Jack Kemp’s unavailing arguments for it in last week’s…
International Herald Tribune, Zurich – August 24/25, 1985 Washington – … The bulk of U.S. tax cuts began on Jan. 1, 1983, and the economic recovery began at the same time. Isn’t it amazing how tax reductions do not work until they take effect? More to the point, the downturn of 1981 and 1982 as…
L.A. Times 3/4/80 Amid the crash and clatter of the presidential primaries, a quiet assault on America is proceeding unnoticed. The combatants are Americans and Japanese. Ironically, the assault on the American standard of living is being mounted by the Americans, while the Japanese defend us against our own worst inclinations. President Carter’s personally commissioned…
Making the Dollar ‘as Good as Gold’ L.A. Times 10/30/79 The events of the past several weeks have served to make interest rates, reserve requirements and money supply targets of cocktail talk at all proper meeting places. What appears to be missing, however, is any serious discussion of a word understood by virtually everyone: gold.…
