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Wisconsin Unions vs. Governor Walker: A Battle for the Soul of America

It is hard to overstate what is at stake in the dramatic showdown between Wisconsin’s teachers and their Republican governor and legislature. The political and economic course of our country hinges on how the issue of public-sector unions is resolved, in Wisconsin and elsewhere. For the sake of our country’s political and economic future,...

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Didn't make Oprah's Book Club. And Ronnie doesn't care. Man up. Buy the book now on Amazon.com. Or listen to Ronnie tell a story at escaping-from-reality.com.







America’s Debts: Even More Calamitous Than We Thought

Brace yourself. This isn’t going to be pleasant. If you’re in a bad mood or get easily upset, you may wish to pass on reading this article. The country is in even worse shape economically than we thought. We awoke on Feb. 14 to find that this year’s federal budget deficit is going to...

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Didn't make Oprah's Book Club. And Ronnie doesn't care. Man up. Buy the book now on Amazon.com. Or listen to Ronnie tell a story at escaping-from-reality.com.







The Economics of the State of the Union

The news from Egypt has thrust President Obama’s State of the Union off the front pages. While that news is critical, so is further analysis of the State of the Union, especially from an economic perspective. My previous column focused on the political dimensions of the State of the Union address, about how Barack...

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Didn't make Oprah's Book Club. And Ronnie doesn't care. Man up. Buy the book now on Amazon.com. Or listen to Ronnie tell a story at escaping-from-reality.com.







The New-Old Barack Obama

The 2012 presidential campaign has begun. Not being a political junkie, it gives me no pleasure to report this phenomenon. And no further proof of this assertion is needed than Barack Obama’s tactical shift. You may recall, during the first two years of his presidency, Obama’s statements that he didn’t care if he turned...

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Didn't make Oprah's Book Club. And Ronnie doesn't care. Man up. Buy the book now on Amazon.com. Or listen to Ronnie tell a story at escaping-from-reality.com.







Hu’s in Town, Time to Talk “Money”

China’s President Hu Jintao is visiting the United States this week. This means we can count on two things: 1) a proliferation of Hu/who jokes (think: Abbott and Costello, “Who’s on first?”); and 2) disputes about the respective monetary policies of the two countries. Chinese officials gripe about the Federal Reserve’s cheap-dollar policy. American...

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Didn't make Oprah's Book Club. And Ronnie doesn't care. Man up. Buy the book now on Amazon.com. Or listen to Ronnie tell a story at escaping-from-reality.com.







Honoring Bill of Rights Day—and Responsibility

December 15 is Bill of Rights Day. This year is the 219th anniversary of the adoption of the first 10 amendments to the United States Constitution—the Bill of Rights. Few Americans notice Bill of Rights Day. That isn’t surprising, since we have done such a poor job of upholding and abiding by its provisions....

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Didn't make Oprah's Book Club. And Ronnie doesn't care. Man up. Buy the book now on Amazon.com. Or listen to Ronnie tell a story at escaping-from-reality.com.







Fed Up With the Fed

Tragically, the Fed appears to have learned little from its mistakes. Its current policy of “quantitative easing” continues its long tradition of creating bubbles by deliberately implementing inflationary policies.

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Didn't make Oprah's Book Club. And Ronnie doesn't care. Man up. Buy the book now on Amazon.com. Or listen to Ronnie tell a story at escaping-from-reality.com.







A Thanksgiving Lesson

Every fall in my Econ 101 course, during the last class period before we part for Thanksgiving, I share a lesson from early American history. It is particularly timely, because it deals with those we credit with the first American Thanksgiving, the Pilgrims of Plymouth Colony. Upon arriving in New England, the Pilgrims shared...

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Didn't make Oprah's Book Club. And Ronnie doesn't care. Man up. Buy the book now on Amazon.com. Or listen to Ronnie tell a story at escaping-from-reality.com.







Decision Point: George W. Bush’s Pro-Life Path

George W. Bush was our best pro-life president, hands down.

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Didn't make Oprah's Book Club. And Ronnie doesn't care. Man up. Buy the book now on Amazon.com. Or listen to Ronnie tell a story at escaping-from-reality.com.







Fighting Deflation With Inflation?

The U.S. economy is a dead man walking—a zombie on life support. If we don’t bite the proverbial bullet and go through a painful cleansing, a healing period of deflation, the ultimate price we pay will be even worse.

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Didn't make Oprah's Book Club. And Ronnie doesn't care. Man up. Buy the book now on Amazon.com. Or listen to Ronnie tell a story at escaping-from-reality.com.







A Veterans Day Memory

We Americans tend to look forward to the various holidays on the calendar. Sometimes we pause to ponder the meaning of these commemorative days; often we do not. Perhaps in your own experience you can recall a Thanksgiving, an Easter, or an Independence Day when something happened that brought home to you the true...

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Didn't make Oprah's Book Club. And Ronnie doesn't care. Man up. Buy the book now on Amazon.com. Or listen to Ronnie tell a story at escaping-from-reality.com.







Aftershock Economy: Gridlock and Quantitative Easing Are Not Enough

Now that the elections are over, attention is turning to the economy.   The stock market rose steadily from the end of August up to the elections. Since the stock market tends to be forward-looking, its recent strong and steady rise suggests that investors have been optimistic. In my opinion, two factors have generated...

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Didn't make Oprah's Book Club. And Ronnie doesn't care. Man up. Buy the book now on Amazon.com. Or listen to Ronnie tell a story at escaping-from-reality.com.







Mortgage Securities, Strategic Defaults, and Breakdown of the Housing Market

If lenders can no longer foreclose on properties, how many millions of other mortgage-holders will decide to stop making their monthly payments?

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Didn't make Oprah's Book Club. And Ronnie doesn't care. Man up. Buy the book now on Amazon.com. Or listen to Ronnie tell a story at escaping-from-reality.com.







“I Want Your Money”

This week, the dynamite documentary, “I Want Your Money,” opens at theaters nationwide. The release of this film so close to the midterm elections on November 2 is no coincidence. “IWYM” is a cry of the heart from its makers; in fact, it wears its heart on its sleeve from start to finish. The...

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Didn't make Oprah's Book Club. And Ronnie doesn't care. Man up. Buy the book now on Amazon.com. Or listen to Ronnie tell a story at escaping-from-reality.com.







A Hodgepodge “Pledge to America”

At best, though, the “Pledge to America” is a mixed bag. Clearly, its Republican authors sought to chart a middle path between Democrats and the Tea Party movement. In that, they succeeded.

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Didn't make Oprah's Book Club. And Ronnie doesn't care. Man up. Buy the book now on Amazon.com. Or listen to Ronnie tell a story at escaping-from-reality.com.







Deficits, Debt and Austerity

Like a banana republic, we have allowed a self-serving political class to spend tax dollars and borrowed funds to “buy” popularity and take us to the brink of national bankruptcy.

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Didn't make Oprah's Book Club. And Ronnie doesn't care. Man up. Buy the book now on Amazon.com. Or listen to Ronnie tell a story at escaping-from-reality.com.







Rethinking the Corporate Income Tax

It is hard to find anything positive to say about the corporate income (i.e., profits) tax. Economists across the ideological spectrum agree that the corporate profits tax is woefully inefficient:1) It warps corporate decision making, inducing expenditures made only to reduce a company’s tax liability. 2) The compliance costs are astronomical, often exceeding 60...

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Didn't make Oprah's Book Club. And Ronnie doesn't care. Man up. Buy the book now on Amazon.com. Or listen to Ronnie tell a story at escaping-from-reality.com.







Geithner Versus the Bush Tax Cuts

I’m now convinced that the Obama administration is placing its political agenda above policies that would contribute to the economic recovery that millions of Americans so desperately need. That agenda includes bringing more economic activity under government control, making more people dependent on government, and, generally, redistributing wealth.I have come to this conclusion after...

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Didn't make Oprah's Book Club. And Ronnie doesn't care. Man up. Buy the book now on Amazon.com. Or listen to Ronnie tell a story at escaping-from-reality.com.







More Lessons from History: How Obamanomics May Play Out

The grand lesson of the 20th century is that Big Government retards economic progress.The evidence of this lesson goes beyond the socialist countries and their dramatic economic failures. Several decades ago, as a young economist, I encountered repeated studies that showed a high correlation between two macroeconomic phenomena: The larger the government’s share of...

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Didn't make Oprah's Book Club. And Ronnie doesn't care. Man up. Buy the book now on Amazon.com. Or listen to Ronnie tell a story at escaping-from-reality.com.







Doctrinaire Libertarianism vs. American Sovereignty

Recently, Bill O’Reilly interviewed John Stossel about the dangerous situation along Arizona’s porous border with Mexico. Stossel is probably my favorite reporter. I admire the way he demolishes popular myths, particularly economic myths. However, on the topic of how to deal with waves of illegals (some of them perpetrators of violent crime) in Arizona,...

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Didn't make Oprah's Book Club. And Ronnie doesn't care. Man up. Buy the book now on Amazon.com. Or listen to Ronnie tell a story at escaping-from-reality.com.








Right.

Man up.

Buy the book now on Amazon.com. Or listen to Ronnie tell a story at escaping-from-reality.com.

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