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No president has ever proposed a more egregiously misnamed piece of legislation than President Joe Biden's so-called Build Back Better plan. The label "Progressive-Democrats" chose for this European-style socialist legislation
The plan is a socialist wealth redistribution ploy to erode America's free market economy.
President Biden’s fiscal agenda of higher taxes and bigger government is not a recipe for prosperity.How much will it hurt the economy?Last month, I shared the results of a new study I wrote .10/12/2021 20:19:49PM EST.
We have decades of real-world experience with Keynesian economics. The results are not pretty.It didn’t work for Hoover.It didn’t work for Roosevelt.It didn’t work for Japan.It didn’t work for Europe.It didn’t work .03/11/2021 15:42:06PM EST.
The Green Bubble February 13, 2021, 8:24 AM·36 min read Yes, I am going to talk about bubbles again, but once again about one specific bubble: the bubble in anything (supposedly) green, particularly if it can be tied to the war against climate change. Like many of the asset-price bubbles of our current moment, this one is not entirely irrational. Not only are green assets being “revalued” (to use a term that implies rather more calculation than is really the case) in the light of the general mispricing of risk that is the product of today’s artificially low interest rates, but, as I ha...