One of the central premises of the “new liberal economics,” as described by the Hillary Clinton campaign, is the notion that monopoly power is growing and must be stopped by applying more antitrust law. While it is true that many indicators of market concentration are up, it’s less clear that antitrust law is an effective […]
Joe Biden, the Vice President, has taken to the pages of the Wall Street Journal to lecture us all on the perils of short termism. Two things quickly become apparent. The first being that the current Vice President is remarkably confused about how this politics game works. He has been in office for the past […]
Hillary Clinton recently laid out her plan for the economy, which boils down to more government, more spending, more taxes, more regulations and more red tape. It translates into more debt and less growth. Some of the most outrageous provisions of her plan are those that target U.S. corporations abroad. To be fair, Clinton’s policies […]
During the Democratic primary season, Bernie Sanders stressed some of the superiorities of Denmark over the U.S. And indeed Denmark is wealthy, has strong social and economic indicators, and it offers a comprehensive safety net. But is it the policies of Denmark that we should admire, or is there something special about being Danish? A […]
Politics of course gives us all sorts of examples of things which are simply wrong in an economic sense. But it’s rare to see someone proposing something that just doesn’t make sense at all. And yet that’s what Hillary Clinton just did in her speech on the economy Michigan. She repeated the old and entirely […]