When Republicans began reformulating their tax philosophy in the late 1970s, they looked to their party’s policies in the 1920s for inspiration. I remember Jude Wanniski, the late conservative journalist, telling me that he knew nothing about Republican tax cuts in the 1920s until he read about them in Herb Stein’s 1969 book, The Fiscal…
Posts published by “Bruce Bartlett”
The recent furor regarding speculation in the stock of GameStop—which soared far beyond its fundamental value, due to a technique known as a short squeeze—has focused attention on the nature of the stock market and what it means both politically and economically. CNN’s Chris Cillizza sees the bipartisan hostility toward hedge funds—so far, the big…
“It would be hard to pack more error into so few words.”—Milton Friedman, in 1994, commenting on an article by Judy Shelton supporting a gold standard.This week, the Senate is expected to take up the nomination of Judy Shelton to be a member of the Federal Reserve Board. She is widely considered to be a…
“It would be hard to pack more error into so few words.”—Milton Friedman, in 1994, commenting on an article by Judy Shelton supporting a gold standard.This week, the Senate is expected to take up the nomination of Judy Shelton to be a member of the Federal Reserve Board. She is widely considered to be a…