Amity Shlaes, author of The Forgotten Man: A New History of the Great Depression, lays out the non monetary mistakes made that turned the Crash of ‘29 into the Great Depression. They sound a lot like Obama’s economic platform:
Giving in to protectionism - In Herbert Hoover’s time, Sen. Reed Smoot and Rep. W.C. Hawley proposed [...]
I have a new article up at RealClearMarkets.com:
In less than one month, oil prices have fallen nearly 22%. That drop happened during a period when our leaders in Washington accomplished exactly nothing of importance that could account for the fall. Sure, President Bush lifted the moratorium on offshore drilling, but that action will have no [...]
The WSJ has an editorial today entitled, “American the Uncompetitive”, which details the excessiveness of our corporate income tax:
The new international tax rankings are out for 2008, and congratulations to Washington, D.C., are again in order. Our political class has managed to maintain America’s rank with the second highest corporate tax rate in the world [...]
Robert Reich has a post today lamenting the power of the Fed. Of course, he dislikes the power of the Fed for different reasons than I but at least he finally understands that they are the problem:
Chinese authoritarian capitalism, on display this week in Beijing, has me thinking about America’s democratic capitalism and how we [...]
