Capitalism In Peril? Dangerous public policies have undermined the pillars of the free market system WASHINGTON – In a well crafted WSJ op-piece (The World-Wide Undermining of Free Markets, August 11, 2015), financial adviser...
China Is Slowing Down – Old Model Not Working Anymore Declining industrial production and a lot of bad debt force public officials to revise growth estimates WASHINGTON – We all know that the Chinese economy is slowing down. But we do not know all the facts....
Central Banks Administer Monetary Morphine The problem is lack of growth and gigantic debt levels. And yet we only have interest rates suppression, as if this were a cure WASHINGTON – The financial and fiscal “New Normal” across the countries touched or devastated by the Great Recession of...
In A Slowing Economy Invest In R&D, Education And Infrastructure We can make America more productive by getting better educated people, new airports and oil pipelines WASHINGTON – America is doing OK, (if compared to declining Europe and Japan), but not great. The once powerful US...
Advice To Europe: Deregulate And Cut The Red Tape Steven Rattner, a centrist, writes that Europe's problem is a suffocating regulatory environment WASHINGTON – Well known Wall Street financier Steven Rattner stated the obvious about Europe’s lack of competitiveness and what to...
The ECB Launched Its Own QE – But Growth Expectations Will Not Be Met Eueope needs serious pro-growth reforms. And they are not coming. The idea that even lower interest rates will trigger growth is foolish WASHINGTON – Here we go. European Central Bank (ECB) President Mario Draghi launched his own version of QE, or “Quantitative...
The Economist Gives Good Advice To Europe – Anybody Listening? Sure, the EU should relax austerity measures in exchange for serious pro growth reforms in weak countries. And Europe could start large scale, productivity enhancing infrastructure projects. But none of this will happen WASHINGTON – The respected The Economist magazine dishes out good economic growth advice to Europe, (The World’s Biggest Economic Problem,...
What Happened To American Innovation? No More Startups Two economists, Edward Prescott and Lee Ohanian, argue in a WSJ op-ed piece that America's innovation engine stalled WASHINGTON – A sudden economic crisis, like the unprecedented financial meltdown of 2008, gets everybody’s attention. But a slow...
The Silly “Stimulus v. Austerity” Debate Goes On And On – But It Is Useless Encourage innovation and risk taking instead WASHINGTON – The surprisingly resilient “austerity versus stimulus” political diatribe continues –with no end in sight. What is the...