Page 21 - Herb Stein News Today : Breaking News, Live Updates & Top Stories | Vimarsana

It Took the Democrats Half a Century to Rediscover Trickle-Up Economics While Republicans cling to trickle-down delusions, Biden is reviving a philosophy of growth that the party hasn’t embraced since LBJ. Alex Wong/Getty Images When Republicans began reformulating their tax philosophy in the late 1970s, they looked to their party’s policies in the 1920s for inspiration. I remember Jude Wanniski, the late conservative journalist, telling me that he knew nothing about Republican tax cuts in the 1920s until he read about them in Herb Stein’s 1969 book, The Fiscal Revolution in America . ...

Ambrose Evans-Pritchard:  Risks are growing but this bull run is far from over Great equity booms typically continue for a year or 18 months longer than a nervous rationalist believes possible. It is expensive to pull the trigger too soon, and even more expensive to short stocks just because they look overpriced. That way lie margin calls. A strong nerve is required to stay the course amid the crowd pathologies of a late bubble. When the end comes, it is because the US Federal Reserve has hit the brakes, or at least it has been for almost every cycle over the last century. The Fed raised in...

(See here for Introduction to 2013 Kindle edition). There is now an extreme control of American political debate that wasn’t the case ten years ago. The internet is a two-edged sword. It’s disintermediated journalism—it makes possible non-PC publications like VDARE.COM, we can find audiences and build an institution. But it also means that anybody who writes for us gets relentlessly hunted down. This is why [ another dinner guest] doesn’t write for VDARE.com under his own name anymore. In fact, almost nobody writes under their own name anymore, except me and other a couple of other ol...

Today Rain and snow showers this evening turning to all snow overnight. Low 34F. Winds SW at 10 to 20 mph. Chance of precip 100%. Snow accumulating 1 to 3 inches.. Tonight Rain and snow showers this evening turning to all snow overnight. Low 34F. Winds SW at 10 to 20 mph. Chance of precip 100%. Snow accumulating 1 to 3 inches. Updated: March 21, 2021 @ 3:45 pm

Mask wearing appears to be here to stay, days of fiscal restraint are gone for the foreseeable future because of the coronavirus pandemic.