Harvey Pitt’s belated resignation as chairman of the Securities and Exchange Commission poses an explicit test of the principles of the Bush administration and the new Republican majority in Congress. Do they favor economic efficiency and market economies? Or do…
Deflation is not a threat as long as Fed is competent
Don’t stay awake at night worrying about deflation. That is my advice to people who query me about whether the United States runs the danger of following Japan into a prolonged economic funk. That troubled nation has edged into deflation…
Let’s consider bringing back the draft
We have had troops on the ground in Afghanistan for nearly a year and the administration continues to press for a war with Iraq that would involve calling up a quarter of a million reservists. This is a good time…
Taxes are a necessary evil; tax evaders really are evil
For the sake of Minnesota taxpayers, I hope that Geoffrey Hickman gets the maximum 19 months when he comes up for sentencing in early December. Hickman is the airline pilot who was recently convicted of five felony counts of tax…