Category Politics

Income Inequality Is Not America’s Primary Problem

Occupy Wall Street has focused the nation’s attention on income inequality. Here’s their critique of “the system:” The rich are getting richer off the labor of the poor and middle class. The middle class, once the engine of America’s economy, is dying. Poverty is rising. Something must be done to change an unjust economic system. […]

Europe’s Problem And Our Own

On the front page of today’s New York Times , readers encounter this headline: Greece and Italy Seek A Solution From Technocrats. The article chronicles the political transitions taking place in these two debt ridden countries. A sample: Greece named Lucas Papademos, a former vice president of the European Central Bank, interim prime minister of a […]

Italian Debt Scares Global Markets

The European debt crisis has sent uncertainty and fear throughout global markets during 2011. Last week the international community watched Greece; this week, all eyes are onItaly. On Tuesday night (US time) yields on 10 year Italian treasury bonds crossed the 7% barrier, which is seen as the threshold in which a government must seek […]

The Fight Of The Century

With the economy anemically plodding along, political gridlock has hit Washington. President Obama insists that the key to job creation and economic growth is another round of stimulus. That’s a political non-starter for the House Republicans who believe that lowering taxes and reducing federal spending is necessary for the private sector to pick up again. […]

Occupy Wall Street Loses The Harvard Crimson

When you’ve lost the Crimson, you’ve lost America. So said Wall Street Journal opinion editor Paul Gigot on the latest “Journal Editorial Report.” Gigot’s colleague, Bill McGurn brought up the Harvard undergraduate walkout of an introductory economics course-Econ 10- on the hits and misses of the week segment. He cited this November 3rd editorial as […]

Say’s Law

The Obama administration has spent its time pursuing a Keynesian solution to fix the ailing American economy. Day after day, the administration has lamented the absence of demand in the economy. Boosting demand will rapidly grow the economy, they insist. As readers know, I reject this argument. Keynesianism has been tried again and again. It […]

The Globe’s Demographic Winter

  This week the world’s population hit the 7 billion mark. Many greeted the news with trepidation.  Do we have enough resources to support this growing population?  Can the earth handle this carbon imprint. I don’t see it this way at all. I’m not concerned about too many people on earth. I’m worried there soon won’t be […]