Tuesday, August 11, 2015
Inaction is the Best Economic Policy
The 1920-1 economic depression was solved by... balancing the budget and raising interest rates. The head of the Gallup poll reminds us how the official unemployment rate ignores long-term unemployment and underemployment. Symptomatic of the Obama regime's Potemkin villages was a woman that Obama claimed to be an economic success story. It turns out that she was a staffer at the Democratic Party. It is actually very emblematic of the Obama regime: Anyone who belongs to The Party will thrive. Anyone who doesn't will perish. Study suggests that African-Americans and Hispanics are twice as likely to be low income than Caucasians and Asian-Americans. Finally, there are some encouraging examples of tax competition from abroad.