What a ridiculous question, right? Of course it matters say the Romney supporters. Getting someone in the White House who understands business will make all the difference. Of course it matters say the Obama supporters. Making the rich pay their fair share will mean a more equal economy and more growth. Of course it matters say the Romney supporters. Lower [...]
As the Northeast prepares for Hurricane Sandy, markets are preparing for their own perfect storm. The first feeder bands are coming ashore now and whether we feel the full brunt depends to a large degree on how the political class responds. The Fed is already in full FEMA mode with results similar to those witnessed after another Hurricane, Katrina. Ben [...]
Two central bankers this week, Mario Draghi and Ben Bernanke, started what I hope is a trend of placing blame for our economic troubles where it properly belongs - on the politicians who shirk their public responsibilities. Both bankers were expected to provide hints of future monetary policy accommodation and neither delivered the goods. At the press conference following the [...]
By John L. Chapman, Ph.D. Washington, D.C. May 28, 2012 The current debate in Washington over fiscal policy parallels that of the Presidential campaign: how do taxes and government spending affect the economy? Does more spending “grow” the economy, as modern-day Keynesians suggest? Can progressive tax increases benignly cut any government deficit? Both theory and historical evidence suggest otherwise. Writing [...]
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