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Economics

Once Again, the Laffer Curve Curves

  • Economics,
  • Politics
May 9, 2011December 9, 2021
Author: Howard Ahmanson

Michael Barone, whom I usually respect, confuses, like most Republicans, the issue about tax rates. Yes, when Kennedy cut the top rate from 90% to 70%, federal revenues did actually go up. And when Reagan cut the top rate to […]

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David Stockman, Again

  • Economics,
  • Politics
April 17, 2011July 5, 2018
Author: Howard Ahmanson

In this article, David Stockman, although both a hard-money man and a social liberal, comes out against continuing the G. W. Bush tax cuts! Read it to find out why. Related: “The Triumph of Politics Over Economics” by Nick Gillespie […]

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2011 is not 1995

  • Economics,
  • Politics
April 16, 2011December 9, 2021
Author: Howard Ahmanson

I confess that I was hoping that 2011 would be 1995.  After all, we had just climbed out of a serious recession in the earlier part of that decade – dwarfed by the more recent one of course, but big […]

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The Triumph of Politics Over Economics

  • Economics,
  • Politics
April 8, 2011July 5, 2018
Author: Howard Ahmanson

In this article, David Stockman, although both a hard-money man and a social liberal, comes out against continuing the G. W. Bush tax cuts!  Read it to find out why. Related: “The Triumph of Politics Over Economics” by Nick Gillespie at Reason.com

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For and Against the Negative Income Tax

  • Economics,
  • Politics
March 11, 2011July 5, 2018
Author: Howard Ahmanson

Two different perspectives on the negative income tax, a less bureaucratic substitute for the Earned Income Tax Credit.  Guy Sorman is for, Jim Manzi is against.  I’m not sure where I stand.  (Don’t you welcome a little ambiguity for a […]

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OASDI Taxes Are Also Unconstitutional

  • Economics,
  • Politics
February 9, 2011July 5, 2018
Author: Howard Ahmanson

If this court is right, OASDI taxes are also unconstitutional. If it is upheld, I will so interpret. And the payroll tax is far more ‘regressive’ than the income tax. On the other hand, I am fine if we want […]

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Inflation

  • Economics,
  • Politics
January 24, 2011July 5, 2018
Author: Howard Ahmanson

Michael Brendan Dougherty says that the Fed has, under Bernanke, pursued an expansionist philosophy of letting asset prices rise and never trying to limit or deflate “bubbles.” This is a different one than it followed in the Paul Volcker era, […]

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Back to the Nineties

  • Economics,
  • Politics
November 4, 2010December 9, 2021
Author: Howard Ahmanson

The current election results are making us remember 1994, when also, under a Democratic President, and with health care issues in the air, the Republicans won control of the U S House of Representatives.  I’m concerned with social issues, and […]

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Four Deformations of the Apocalypse

  • Economics,
  • Politics
October 4, 2010July 5, 2018
Author: Howard Ahmanson

David Stockman understands the difference between what they used to call fiscal conservatism and what they now call fiscal conservatism. Given the modern definition, I’m a “fiscal moderate.” Related: “Four Deformations of the Apocalypse” by David Stockman at NYTimes.com

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American Christianity – Soon a Phenomenon of the Educated?

  • Economics,
  • Religion
September 11, 2010December 9, 2021
Author: Howard Ahmanson

For years and years we have been fed with the story that orthodox Christianity and other conservative and demanding religions were primarily, though not exclusively, the domain of the less educated, and that the highly educated were inclined toward more […]

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