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When Setting Tax Policy, Don’t
Forget About Long-Run Growth

American Magazine, by Alan D. Viard

Original Article

Posted By:eagleblurst, 4/11/2014 10:12:18 AM

Last Friday, the House of Representatives took a sensible step to counteract the short-run focus that too often drives tax and budget policy decisions. The House voted 224-182 to pass H.R. 1874, the Pro-Growth Budgeting Act, which would require the Congressional Budget Office and the Joint Committee on Taxation to analyze the effects of major tax and budget bills on long-run economic growth. Tax and budget policy can boost economic growth, particularly by cutting tax rates on labor and capital and reducing the deficit. Of course, the promotion of long-run growth can conflict with other goals... [Snip]

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Posted By: eagleblurst- 4/25/2014 9:47:11 AM     Post Reply
Contra T. S. Eliot, April is not always the cruelest but can sometimes be the coolest month. At least it can be for the couch potato — that would be yours truly — who has two favorite teams in the playoffs, one in the NHL and one in the NBA. The playoffs — there´s something, to the averagely insane sports fan, magical in that phrase. Explicit in it is the climax, the denouement, the dramatic ending of the long season with a few crucial games whose outcome will bring fans either intense pleasure or mild depression.

   

 

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The Left’s Limits on Free Speech
American Magazine, by Michael M. Rosen    Original Article
Posted By: eagleblurst- 4/23/2014 9:36:36 AM     Post Reply
The recent Supreme Court ruling in McCutcheon v. Federal Election Commission showcases two distinct philosophical approaches to the First Amendment’s protection of the freedom of speech — one individual and one collectivist. The stark difference between these perspectives explains the sharply divided reactions from the right and the left to the decision, in which the high court struck down “aggregate” limits on campaign contributions. Ultimately, the approach embraced by the Court, in an opinion authored by Chief Justice John Roberts, comports with the traditional Western understanding of free speech, and will yield positive results.

Ron Wyden: Free Trader?
American Magazine, by Claude Barfield    Original Article
Posted By: eagleblurst- 4/21/2014 9:20:19 AM     Post Reply
It’s a new ball game in the Senate on trade: Senator Ron Wyden (D-Oregon), who has succeeded Senator Max Baucus (D-Montana), as chairman of the Finance Committee, seems understandably determined to place his own stamp on trade policy — including on legislation to provide special procedures for congressional vetting of new trade agreements (so-called Trade Promotion Authority), and on the substance of the agreements now being negotiated. The new chairman has made it clear he would scrap, or substantially alter, the bipartisan TPA bill crafted by Senator Baucus, in alliance with House Ways and Means Committee Chairman... [Snip]

Taking Religion Seriously
American Magazine, by Charles Murray    Original Article
Posted By: eagleblurst- 4/18/2014 9:33:43 AM     Post Reply
If you are a high-IQ recent graduate from a top college or university, here is where you probably stand when it comes to religion: It’s not for you. You don’t mind if other people are devout, but you don’t get it. Smart people don’t believe that stuff anymore. Perhaps you are explicitly an atheist. Even if you are an agnostic, you don’t spend much time worrying about God, because there’s no point. If a God exists, it cannot be the kind of God who has anything to do with this flyspeck world… [Split]

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Posted By: eagleblurst- 4/16/2014 10:04:55 AM     Post Reply
Strange indeed are the results of the annual Gallup survey of U.S. leadership. The massive survey, mainly conducted face to face, asked roughly 1,000 people in each of 130 countries, “Do you approve or disapprove of the job performance of the leadership of the United States?” For the 2013 survey, 46 percent approved and 24 percent disapproved. That is a marked improvement over 2012, when approval was 41 percent. In 2008, the last year of President George W. Bush’s final term, approval was 34 percent.

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American Magazine, by Aparna Mathur    Original Article
Posted By: eagleblurst- 4/14/2014 9:23:59 AM     Post Reply
As Tax Day approaches and social media goes wild with messages extolling animosity towards the IRS, one would do well to remember the glory days of the IRS as an agent of good. In 1930s Chicago, American gangster Al “Scarface” Capone led a Prohibition-era crime syndicate dedicated to bootlegging and other illegal activities, including bribery, prostitution, and execution of rival gang members. He made vast sums of money from his business ventures. In 1927, he brought in an estimated $100 million — more than $1 billion in today’s dollars.

   

 

R-TA-Wide
  


 
When Setting Tax Policy, Don’t
Forget About Long-Run Growth
American Magazine, by Alan D. Viard    Original Article
Posted By: eagleblurst- 4/11/2014 10:12:18 AM     Post Reply
Last Friday, the House of Representatives took a sensible step to counteract the short-run focus that too often drives tax and budget policy decisions. The House voted 224-182 to pass H.R. 1874, the Pro-Growth Budgeting Act, which would require the Congressional Budget Office and the Joint Committee on Taxation to analyze the effects of major tax and budget bills on long-run economic growth. Tax and budget policy can boost economic growth, particularly by cutting tax rates on labor and capital and reducing the deficit. Of course, the promotion of long-run growth can conflict with other goals... [Snip]

Dr. Murray´s Guide
to Getting Ahead
American Magazine, by Stan A. Veuger    Original Article
Posted By: eagleblurst- 4/10/2014 9:53:03 AM     Post Reply
Hi chuck, How r u. Just read ur new book its literally great. Your like so smart and its so cool of you to share so much uninterested advice with young people that will probably impact their of success positively. Youve called it the curmudgeons guide to getting ahead but the amount of useful pointers warrants calling it the curmudgeons guide to the galaxy its very masterful. ttyl - stan That got annoying pretty quickly. A frustration with poor grammar, punctuation, spelling, and word choice, as well as unnecessarily annoying behavior generally appears to have been the impetus behind

The Death of Money
American Magazine, by James Rickards    Original Article
Posted By: eagleblurst- 4/9/2014 10:13:29 AM     Post Reply
Few Americans in our time recall that the dollar nearly ceased to function as the world’s reserve currency in 1978. That year the Federal Reserve dollar index declined to a distressingly low level, and the U.S. Treasury was forced to issue government bonds denominated in Swiss francs. Foreign creditors no longer trusted the U.S. dollar as a store of value. The dollar was losing purchasing power, dropping by half from 1977 to 1981; U.S. inflation was over 50 percent during those five years. Starting in 1979, the International Monetary Fund (IMF) had little choice but to mobilize its resources… [Snip]

LNG Exports: ´A Good-Faith Test´
for President Obama
American Magazine, by Benjamin Zycher    Original Article
Posted By: eagleblurst- 4/8/2014 10:07:45 AM     Post Reply
The heat is on. The environmental Left is on the attack, and the target now is not ExxonMobil, or the Kochs, or the Keystone XL pipeline, or fossil fuels, or the efforts of the world’s desperately poor to escape grinding poverty, or plastics, or indoor plumbing, or those who fail to worship Gaia, or any of the other usual suspects. Instead, it is President Obama, urged last month in an open letter by 16 environmental groups to prevent the exportation of liquefied natural gas (LNG) and to make a commitment to keep “most of our nation’s fossil fuel reserves

Congress Should Promote Charter Schools
American Magazine, by Arnold Kling    Original Article
Posted By: eagleblurst- 4/7/2014 9:50:38 AM     Post Reply
There is bipartisan agreement that the American economy needs entrepreneurship. There is bipartisan agreement that our education system could stand some improvement. Charter schools are a development that addresses both of these needs. Entrepreneurs have been putting energy and innovation into the charter school effort, and we are starting to see positive results. Now is the time for Congress to provide funding to states to set up the apparatus needed to facilitate further charter school growth.

   

 



 
Crowdfunders´ Losing Deal
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Posted By: eagleblurst- 4/4/2014 10:05:58 AM     Post Reply
Oculus Rift, a startup making virtual-reality headsets, sold to Facebook last week for $2 billion. Less than two years ago, the company got its start by raising nearly $2.5 million on Kickstarter, the five-year-old crowdfunding site that recently reached $1 billion in total funds raised. Raising $2 million in financing and quickly selling a company for $2 billion is an unusual success. Why, then, are those who initially backed Oculus Rift on Kickstarter so up in arms?



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