Economics


The release of President Donald Trump’s budget last week set off a bipartisan outrage that gave new meaning to the phrase “March Madness.” As beltway bureaucrats come to terms with the fact that President Trump is actually determined to shrink the size of government, the rest of America is celebrating a budget that would lead […]


Former Fed Chair Alan Greenspan praises the gold standard in the February 2017 issue of The World Gold Council’s Gold Investor. Therein he makes what may be his strongest statements to date in praise of the gold standard. Here are some of the highlights. Toward the end of this interview he offers a Big Reveal: […]


Remember when Donald Trump advocated for the gold standard on the campaign trail? GQ remembers: Bringing back the gold standard would be very hard to do, but boy would it be wonderful. We’d have a standard on which to base our money. And as Bloomberg’s Michelle Jamrisko highlighted last May, the GQ interview did not […]


As the world prepares to “become Irish for a day” on March 17th, lets take a moment to acknowledge an under-appreciated characteristic of the Emerald Isle — its low corporate tax rate. Ireland has the lowest corporate income tax rate in the industrialized world, a mere 12.5 percent. In contrast, the United States has the […]


Last week, the “digital currency” Bitcoin raised eyebrows when, for the first time, a Bitcoin became more valuable than an ounce of gold. While Bitcoin remains unimpressive as a form of money, the torrent of investment it’s receiving is potentially a sign of something much bigger — a golden opportunity to make the case for […]


In a recent article in The Daily Beast, Joel Kotkin argues that millennials “battered by capitalism” could be the future “red generation.” Unfortunately for those yearning for the United States to look like Venezuela, the reality couldn’t be further from the truth — millennials will be among the most radical, free market capitalists the world […]


Recently, two of The Huffington Post’s political reporters, Eliot Nelson and Jeffrey Young (who have managed to fuse ridicule and journalism into something functionally indistinguishable from “Alternative Facts”) recently made a telling observation. Their characteristic facetiousness may obscure a brilliant intuition. They observed: “we give it a month until Trump calls for the gold standard […]


This week the Senate confirmed Steve Mnuchin to serve as the next Treasury Secretary, and the message to struggling American families couldn’t be any clearer — help is on the way. Contrary to Slate economics correspondent Jordan Weissmann’s assertion that President Trump “inherited a reasonably strong economy” and “has started off his term in office […]


Paul Krugman tweets: Are people noticing that the Trump economic team is shaping up as a gathering of gold bugs? 1/ — Paul Krugman (@paulkrugman) December 20, 2016 That tweet is part of a recent series by Prof. Krugman divining glints of gold in the company of Donald Trump. He predominantly focuses on one of Trump’s […]


A marvelous interview with Donald Trump’s chief strategist Steve Bannon has suddenly appeared in, no less, The Hollywood Reporter: “Ringside With Steve Bannon at Trump Tower as the President-Elect’s Strategist Plots “An Entirely New Political Movement” (Exclusive).” It is a perfect antidote to the McCarthyite insults being heaped on Bannon by the elitist left and […]


Congratulations, President-elect Trump. Congratulations to the historic, never-before-seen governing majority he assembled. It’s time to hope I was wrong and work for President Trump’s success — for America’s success. Here are my first six takeaways from last night’s historic victory: 1.) The RNC’s “Autopsy” from 2012 got it exactly wrong in arguing the key to […]


Tomorrow is Election Day. Tomorrow, we vote. I want to talk a little bit about why I am voting for Donald Trump. Early on in the GOP primary, I did not support Trump. My feelings on Trump were mixed. I thought his debate performances were entertaining. I enjoyed watching him destroy squishy establishment Republicans like […]


In The Daily Caller, freelance writer Johannes Schmidt writes “On November 8th I’m Voting For Our Next Fed Chair.” It’s an especially astute column. While many commentators correctly have focused on the effect of the election outcome on appointments to the Supreme Court, too few have focused on the next president’s appointments to the Fed. […]


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US News and World Report‘s Andrew Soergel reports that “With White House in Sight, Trump, Clinton Plan Fed Renovations: No matter who wins the election, times are likely changing at America’s central bank.” “The Fed” really is a synecdoche for monetary policy. Monetary policy used to be, off and on, a significant factor of presidential […]


Whoever wins the presidency there is a lurking issue, the most underappreciated issue in politics.  Getting it wrong destroyed the economy (and contributed to ending the presidencies) of Ford and Carter and tarnished the records of George W. Bush and Barack Obama. Reagan and Clinton got it right and went on to handsome re-election. The […]


Marc Levinson writing recently in The Wall Street Journal provides a very pessimistic view for the American Dream, “Why the Economy Doesn’t Roar Anymore: The long boom after World War II left Americans with unrealistic expectations, but there’s no going back to that unusual Golden Age“: People who had thought themselves condemned to be sharecroppers […]


Yesterday I observed here how the 2016 race reflects American conditions in the late 1970s — also stagnant — and how the political elites are echoing President Jimmy Carter’s feckless reaction in his notorious July 15, 1979 address to the nation in which he said, in part: The threat is nearly invisible in ordinary ways. It […]


The 2016 presidential campaign confirms what Marx wrote: “all the events and personalities of great importance in world history occur, as it were, twice… the first time as tragedy, the second as farce.” Karl, not Groucho, Marx. We enter the realm of farce. It’s the economy, Stupid! We are experiencing a reprise of the political […]


George Gilder is most recently the author the ground breaking The Scandal of Money: Why Wall Street Recovers but the Economy Never Does. He is a founding fellow of the Discovery Institute and a senior fellow at the American Principles Project, which sponsored this book. Gilder is also the author eighteen other well-regarded books including Knowledge […]


Remember prosperity? Want it back? Here’s the secret formula, which has always worked and would work again: Cut marginal tax rates and restore integrity to the dollar. Donald Trump is campaigning on meaningful marginal tax rate cuts and implying, with his offstage praise of the gold standard, a solid instinct for monetary integrity and how […]