At a Politico speaking engagement promoting his new book in October, former Fed chairman Ben Bernanke stated that he was “a little puzzled” by Democratic presidential candidates Sen. Bernie Sanders and Gov. Martin O’Malley at October’s Democratic debate placing emphasis on reinstating the Glass-Steagall Act, a Depression era law that would separate commercial and investment banking activities, in order to […]
During Saturday’s CNN Democratic debate, Governor Martin O’Malley (D-MD) suggested creating a new tax bracket that would apply to income over $1,000,000, and taxing capital gains at ordinary marginal income tax rates. He claimed that these changes would provide sufficient revenue for the public investments he supports. Here is the relevant quote: “If we were […]
As evident by the strong support for raising the minimum wage by all three remaining Democrat candidates for president [Hillary Clinton, Martin O’Malley, and Bernie Sanders], liberals are almost unanimous in believing that raising the minimum wage would be good for poor people. That idea may make them feel good about themselves, but it is […]
Fun fact: During the 1943 professional football season, the World War II draft had so depleted the ranks of football players that the Pittsburgh Steelers and the Philadelphia Eagles were forced to unite their teams into a joint production that became colloquially known as “the Steagles.” In a heartwarming turn, this plucky band of men […]
Let’s start with the few positives. On the issue of raising the national minimum hourly wage to $15, Hillary Clinton said she took “seriously” former Obama White House economist Alan Krueger’s warning on the riskiness of such a steep increase. Clinton also didn’t seem much interested in the super high income tax rates — 70%? 90%? […]