Sometimes it seems that economists live in a world different from ours. We have bills to pay, jobs to keep, children to educate. The formulas that economists constantly elaborate upon seem to have little to do with daily life. Of course that is not true. The outcome of macroeconomic calculation can have an enormous impact [...]
Entries Tagged as 'Ronald Reagan'
February 21st, 2011 · Comments Off · Politics
Reagan the best President? This recent Gallup poll may be the poll to end all polls…literally. It may only prove that people in the United States in 2011 have no idea what is going on here or in the rest of the world. They must be so busy with chaff like “American Idol” or “Survivor…Downtown [...]
February 10th, 2011 · Comments Off · Politics, taxes, Wall Street
Does anyone believe that Arthur Laffer, Ronald Reagan’s guru, the author and prime suspect in the catastrophe known as “voodoo economics” is really an economist? He does. And after years of hard work–economics is not bean bags;there are equations and charts and calculations, and sticking your neck out to make projections–he deserves to consider himself [...]
February 9th, 2011 · Comments Off · Capitalism, Economics, Politics
The American scene has changed since 1980 and not for the better. What is our biggest problem today? That’s right: the national debt. Everything to do with the national debt goes back to Ronald Reagan. And it is much more complex and sinister than just the numbers, which themselves are staggering. From the end of [...]