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Thursday, October 31, 2019

State Budgets: Improvement Is Skin Deep

State finances seem to be improving. However, if we remove one big revenue source - one that has nothing to do directly with actual economic activity in the states - the situation looks quite different. Oh, and corporate income taxes destabilize government revenue.

Wednesday, October 30, 2019

Capitalism, Hunger and the Socialist Pope

The fact that Pope Francis is a raving socialist does not mean that there is something wrong with the Catholic Church. On the contrary: as the world's largest charitable organization they have proven, for two millennia, that the private sector is superior to government in caring for the poor.

Bad Tax Revenue Forecast for Wyoming

The threat of Taxmageddon is hanging like the Sword of Damocles over the Wyoming economy. Now the state's own revenue forecast predicts bad times ahead. Will the Revenue Committee add insult to injury?

Monday, October 28, 2019

Racist Algorithm: Your Medicare-for-All Future

A computer algorithm prioritizes hospital patients based on their economic value. Some people call it racist; in reality, it is a socialist invention.

Bloated Government: A Tale of Two States

Wyoming is paying its government workers on average 79 percent more than private employees make. This is, plainly, unsustainable.

Saturday, October 26, 2019

GOP Health Reform: Four Good Ideas

In the first part of my analysis of the GOP health-reform plan I explained that the primary goal is to get the federal government out of private health insurance. In this second part I look at four important ideas that will help make the actual health-care market work better - at lower costs - by reducing government regulations:

The GOP Health Plan - HD 720p from Sven Larson on Vimeo.

GOP Health Reform: A Step in the Right Direction

At last, the Republican party has presented a reform package that could actually begin the rollback of Obamacare. Kudos to the Republican Study Committee for a job well done.

Friday, October 25, 2019

Fed's Liquidity Policy: More than Meets the Eye

The Federal Reserve is pumping more liquidity into our banks not because of some conspiracy, but to save the economy from a looming recession. I know, it's dull, but that is really why they are doing it.

Wednesday, October 23, 2019

Monday, October 21, 2019

From Recession to Crisis: Spending Cuts

There are good spending cuts, and bad spending cuts. The good cuts reduce government and yield back economic "territory" to the private sector. The bad ones do the exact opposite. Wait - spending cuts that grow government? Yes, it is actually possible.

Friday, October 18, 2019

From Recession to Crisis: The Theory

Never under-estimate the ability of government to turn a recession into a full-blown economic crisis. Here is how it happens.

Wednesday, October 16, 2019

Destructive Tax Hikes: From Illinois to Wyoming

Since 2016, only two states have raised their corporate income taxes. If the legislative leadership in Wyoming get what they want, they will add their state to the list. As we know, tax cuts work wonders for tax revenue; what the Cowboy State lawmakers need to understand is that tax hikes also work - in the exact opposite direction...

Monday, October 14, 2019

Nobel Prize: A New Dawn for Old Economics?

For the first time in forever the Swedish Nobel Memorial Prize Committee in Economics actually got it right. This year's prize is a strong argument for school choice, free-market health care... and more.

Friday, October 11, 2019

Recession Outlook: The Role of Government

The U.S. economy is going to take a "breather" in the next year. However, if government decides to panic over rapidly rising deficits, that breather could turn into a deep recession. And then, all bets are off.

Wednesday, October 9, 2019

Recession Outlook: Business Investments

Based on an analysis of current business-investment trends, we can conclude that the economy is on its way into a mild recession - a breather. But there is one factor that could make things much worse.

Monday, October 7, 2019

Recession Outlook: Income and Consumption

Consumer spending suggests the economy is not in too much trouble. But we also have to keep in mind how closely consumer outlays are related to personal income, which in turn is closely tied to GDP.

Thursday, October 3, 2019

The Deficit Epidemic: An Update on Europe

The United States has a big problem with big deficits, but we are actually in better shape than Europe. They don't even have the GDP growth that we do.

Wednesday, October 2, 2019

The Deficit Epidemic

The problem with government budget deficits is not limited to the federal government. Did you know that in 2016, 42 states ran a deficit?

Tuesday, October 1, 2019

A Warning about the Swedish Economy

The Swedish economy is in bad shape. The finance minister just admitted - without much fanfare - that it is going to get worse. A lot worse.