Political Posturing in the Fiscal Cliff Deal – Another Look 1

By Daniel McKay
Political Posturing in the Fiscal Cliff Deal - Another Look
Both the Democrats and Republicans drew lines in the sand in recent days about what their side is willing to give in the debt deal. With these lines drawn, we are beginning to see what the battle will look like, and our predictions are being recognized. Obama and Democrats came out early and said that ...

Water In The Ears? Austerity With Slow Growth Is LUDICROUS 8

By Daniel McKay
Water In The Ears? Austerity With Slow Growth Is LUDICROUS
People and Politicians really don’t get it, austerity is something you should do when the economy is booming – not when it is weak. Despite overwhelming economic evidence that austerity slows down economies – you hear people, and even more scary, politicians, preach we take a dose of Hoover’s medicine. It’s important to understand that what we’re ...

Does Taxing The Rich Hurt Growth? A Redistributive Lesson 5

By Daniel McKay
Does Taxing The Rich Hurt Growth? A Redistributive Lesson
Redistribution, progressive taxes, class warfare, taxing the rich. All of these you have probably heard recently, and depending on who you talk to you might have heard different things about them. The Democrats, and President Obama wish to raise the tax rate on the top earners – the $250,000 and $1 million marker has been ...

The World Reserve: Its Beautiful When You’re On Top… Even When It’s Ugly 1

By Daniel McKay
The World Reserve: Its Beautiful When You're On Top... Even When It's Ugly
We might not realize it, but the US has it good. Anything we need we can get, we are the world’s reserve currency, so when times get rough – we are even more flush. There are three prevailing theories in economics regarding how to improve a weak economy. The first, is the theory that government ...

Iran’s Nuclear Weapon = Stronger US Economy? 1

By Daniel McKay
Iran's Nuclear Weapon = Stronger US Economy?
If Iran gets a nuclear weapon, may we see the end of a sluggish economy and enter into prosperity. Okay, lets start off by saying that if Iran gets a nuclear weapon we probably have bigger issues – such as a major war, or having nuclear weapons move into the hands of terrorists. But assuming ...