By Kevin Judge | July 27, 2018 Economist Arthur Laffer’s “Laffer Curve” became a foundational principal of the so called “Supply Side Economics” embraced by conservatives in the 1970’s and 80’s. With a name like Laffer Curve, the jokes write themselves. That’s how liberals and liberal economists treated it, as a joke. At the time,… Read More »
By Amitrajeet A. Batabyal | July 26, 2018 Rochester Institute of Technology There appears to be a cease-fire in the trade war brewing between the U.S. and the European Union. After a meeting at the White House between U.S. President Donald Trump and EU Commission President Jean-Claude Juncker, the two leaders declared a temporary truce… Read More »
By Kevin Judge | July 25, 2018 If Trump is in Putin’s pocket, he has a funny way of showing it. The announcement yesterday that the European Union will purchase $150 Billion in American Natural Gas was hardly good news for the former KGB officer. Every penny comes out of the pockets of Putin and… Read More »
By Kevin Judge | July 23, 2018 I recently compared the July Budget in NJ to Einstein’s definition of crazy, doing the same thing over and over but expecting different results. For the umpteenth time in my lifetime, we were told that the solution to a budget crisis was to raise taxes. This time, it… Read More »
By Arnold Nadler | July 22, 2018 I sincerely deem that saving our planet is a good thing! It would be great if pollution, water, and things like those polar ice caps were not compromised anymore. From my perspective it seems to have turned into a money grab for business and government alike. Do you believe we’re making… Read More »
By Martin Hahn | Submitted On July 22, 2018 French sociologist as well as political theorist Alexis de Tocqueville (1805 1859) traveled to the United States in 1831 to learn its prisons and returned with a wealth of broader observations that he codified in “Democracy in America” (1835), probably the most important publications of the 19th century. With… Read More »
By Kevin Judge | July 21, 2018 Capitalism and Socialism seem like opposites, not likely to be compatible. Socialism focuses on the distribution of wealth in society by state direction. Capitalism emphasizes the creation of wealth by private citizens. We often here criticism that Capitalism results in income inequality and disparities in living standards. We… Read More »
Bryan Keogh and Nicole Zelniker( The Conversation) | July20, 2018 Depending on whom you ask, the odds of the United States winning its trade war with China and the rest of the world is either probable, possible, unlikely, out of the question or irrelevant. Economists generally agree, however, that American consumers and most companies will be hurt, particularly… Read More »
By Martin Hahn | July 17, 2018 Monetarism is actually a set of views depending on the perception that the entire sum of money in an economy is actually the main determinant of economic development. Monetarism is directly linked with economist Milton Friedman, who argued, dependent on the amount concept of cash, that the federal government must maintain… Read More »
By Kevin Judge | July 16, 2018 The US is enjoying an economy that promises to grow at rates not seen in decades, with the prospect of low unemployment and rising wages. Before we pop the Champagne corks, there are economic headwinds blowing that will certainly slow the economy. In a worst-case scenario, they could… Read More »