Political Economy

Because of the potential end to the long Democratic primary season, a monster admission is getting zero play in the press: Bush spun climate findings. After Scott McClellan's damning allegations on Iraq, this seals the deal, showing the…

This article speaks for itself.Bill for taxpayers swells by trillionsDeficit far bigger than government estimateBy Dennis CauchonUSA TODAYThe federal government's long-term financial obligations grew by $2.5 trillion last year, a reflection…

This past week, I attended an Investment luncheon to hear Greg Valliere, the chief political strategist with the Stanford Washington Research Group. He had a number of important things to say regarding the economic implications of…

I happened upon an article at "The Moderate Voice" about "Conspicuous Consumption" originally posted on UPenn's Wharton Business School's website. It's a great piece of research which explains nicely in part why Blacks and Hispanics tend…

I caught an interesting letter to the editor at the New York Times. We really need to think about which alternative energy sources we use and this letter highlights the fact.Re “Bring On the Right Biofuels,” by Roger Cohen (column, The New…

I am wading into this debate over whether or not the U.S. government should temporarily suspend the federal tax on gasoline this summer. I come down on the side against the tax break. Here's why?In a post about Windfall taxes on Tuesday, I…

Today, I read an article by Robert Samuelson in the Washington Post advising that the U.S. allow drilling for oil in previous no-go drilling zones because the cost of oil is rising. Originally, I agreed with his assessment. Today, I have…

With oil prices edging up near $120 a barrel, isn't it time for a Windfall Profits tax on oil companies in order to alleviate the burden of the high cost of oil? The short answer is no. Let me explain why.

Barack Obama, speaking at a gathering in Gary, Indiana, made some very accurate comments about the dollar's weakness and its causes (see Reuters story)."We are spending all our money, spending overseas and spending dollars and nobody is…

As the housing bubble pops, one major casualty is likely to be state and local government property tax receipts. It appears that state and local governments recklessly spent the windfall revenue that they received during the boom times and…