Economics & Political Systems

The Federal Reserve Parking Lot

Recent commentary by David Stockman, former Reagan Administration budget chief, is timely for investors because it focuses on the Federal Reserve’s internal debate about “policy normalization” in advance of Wednesday’s important Federal Open Market Committee meeting. Stockman argues that the … Continue reading

The “Not Enough Jobs” Scenario: An Economic Fallacy (But Possibly an Accurate Forecast)

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Editor’s note: This article first appeared at Forbes.com. Once again, a scholar with impressive credentials is broadcasting the gloomy notion that Americans face a job-poor future. The insufficient-jobs scenario appeared in George Mason University economist Tyler Cowen’s book “Average Is Over” a … Continue reading

Cheers to the Magna Carta

It’s the 800th anniversary of the Magna Carta, causing thoughtful Americans who care deeply about scutage, darrein presentment, or the standard width of haberject, to raise their voices in loud acclamation. The rest of us, however, are left wondering: What … Continue reading

Joe McCarthy: Despicable or Prophetic?

A recent column I wrote on communism in Hollywood in the 1940s elicited strong reaction toward the person of Joe McCarthy. This was somewhat perplexing, given that McCarthy was not the front-and-center figure investigating Hollywood communism. Yet, it wasn’t surprising, … Continue reading

The FCC versus Internet Freedom

Earlier this month, Federal Communications Commission Chairman Tom Wheeler announced that its five commissioners will conduct a vote on February 26 to decide whether to grant itself the authority to regulate the Internet under Title II of the Communications Act of … Continue reading

2016: Super Primary? A Bad Idea

After losing New Hampshire, Florida, and Illinois, the presidential candidate limped along with declining support and amid calls for his withdrawal from the race. He was short of funds with a thin organization. He was a beleaguered candidate. Then came … Continue reading