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Amtrak Gets More Than Its Fair Share of Federal Funding

Amtrak and its supporters frequently argue that a key reason forAmtrak's manifest deficiencies is the "unfair treatment it receiveswithin the federal budget." Adjusted for the generous roundingprocess applied by Amtrak's management in estimating shares, thefigures show that Amtrak actually did not fare so badly incomparison with the other modes.
New York United States New Jersey Department Of Transportation San Francisco Ronaldd Utt

The U.S. as a Debtor Nation: What It Really Means

(Archived document, may contain errors) 9/24/85 92 THE U.S. AS A DEBTOR NATION: .WHAT IT REALLY MEANS Last week the media announced that for the first time in nearly 70 years the U.S. is a net debtor country. The impression given was that the U.S. has become another Mexi co or Argentina, tottering on the edge of financial collapse. But like many such simplistic interpretations of the facts, that impression is a fallacy.
United States United Kingdom South Korea South Korean Robertj Samuelson Herbert Stein

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Economics, politics and inflation forever intertwined

Inflation has a significant and potentially destructive impact on our military. Our military represents a substantial part of the federal budget. A significant portion of that budget pays for salaries, wages and retirement benefits, all of which are especially sensitive to the effects of rising prices.
Nordrhein Westfalen United Kingdom Jerome Powell Robertj Samuelson Adam Fergusson Warren Buffett

The ghost of Smoot-Hawley tells why America isn't too big to avoid retaliation

The Trump administration’s pursuit of protectionist trade policies was predicated to some extent on the belief that America was too lucrative a market to face retaliation. Using the most detailed data set of bilateral trade flows constructed to date for the interwar period, this column shows that in fact the US faced substantial and widespread retaliation from trade partners
United States United Kingdom New Zealand Herbert Hoover Robertj Samuelson Peter Navarro
Source: voxeu.org

The Most Important Thing Biden Can Learn From the Trump Economy

The Most Important Thing Biden Can Learn From the Trump Economy A “hot” economy with high deficits didn’t cause runaway inflation. President Trump sent plenty of mixed signals on Fed policy, but that didn’t make him wrong about interest rates during his term.Credit...Erin Schaff/The New York Times Published Jan. 11, 2021Updated Jan. 18, 2021 For all the problems that President Trump’s disdain of elite expertise has caused over the last four years, his willingness to ignore economic or...
United States Jerome Powell Janet Yellen Cynthia Johnson Getty Casey Mulligan Georgew Bush

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