One week ago, America witnessed the Inauguration of Donald Trump, the 45th President of the United States. From million dollar donors to glitzy ball gowns, no doubt a U.S. Presidential Inauguration ha…
John Maynard Keynes and the Generational Impact of Entitlements
Before seeing how we are benefiting unequally from entitlement programs like Social Security and Medicare, let’s start with some history. During 1934, with unemployment high and production low, …
Charisma or Glamour Power?
Jackie Kennedy had glamour while Eleanor Roosevelt had charisma. In her blog and soon to be published book, Bloomberg View writer Virginia Postrel describes the difference: Or, as she explains, “…
Can Stock Markets Predict Elections?
No one seems to be talking about what really might have led to the Obama win. The stock market. The basic reasoning is that people connect their “social mood” to the incumbent and social m…
Election Economics: Comparing Economic Recoveries
Illustrated by this graph from the Minneapolis Federal Reserve, sometimes one orange line can create a huge debate. The thick orange line representing the US recovery from the December 2007-June 2009 …
Election Economics: The Economics of Foreign Policy
Although tonight’s presidential debate is about foreign policy, perhaps the real focus is the economy. More than 200 years ago, Alexander Hamilton created the connection between economic policy …
Election Economics: What To Know For The First Presidential Debate
Presidential debate moderator Jim Lehrer said there would be six 15-minute segments in the first presidential debate on October 3rd. Devoting the entire first half to “the economy,” he wil…
Free or Fair Government?
I live in a town where I have to pay for garbage pick-up and recycling or I can dispose of it myself. The fire department is voluntary. Because there is no local high school, the town pays other schoo…
A Fair Shot?
In its breakdown of this week’s State of the Union, the Washington Post looked at time, topics and the Congress. Time: The President devoted almost half of his speech to the economy, and more th…
Steel and Banks: President Kennedy and President Obama
Commenting on yesterday…