On the Relationship Between Infrastructure Spending and Corporation Tax
The Biden administration has come out with a $2 trillion infrastructure plan. The United States is very behind on infrastructure spending–according to the American Society of Civil Engineers, the US...
View ArticleThe Case for Raising the Minimum Wage to Address Labor Shortages
As we saw in the years following the 2008 recession, lots of business owners are frustrated by labor shortages. They argue that these shortages are caused by a lack of incentive to work, and propose to...
View ArticleThe Inflation Reduction Act is Not Designed to Reduce Inflation
As the midterms approach, the Biden administration is looking to pass some part of its Build Back Better plan. Biden managed to fund $550 billion in new traditional infrastructure spending. But the...
View ArticleThe Reaction to the Fall of Silicon Valley Bank
The fall of Silicon Valley Bank (SVB) generated several different media narratives. All seem to agree that SVB failed because it was dependent on low-yield long-term US treasury bonds. These bonds were...
View ArticleBiden Edges Toward Repeating Obama’s Worst Mistake
President Biden is negotiating with congressional Republicans to raise the debt ceiling, and there are reports that progress is being made on a deal that involves “cutting spending.” There has been...
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