Archive | August, 2017

Financially Healthy States Lean Right, Have Low Taxes

28 Aug

The Mercatus Center at George Mason University aims to “bridge the gap between academic ideas and real-world problems.” Last month, the organization released its report ranking all 50 states on their fiscal health. It examined which ideas are working, which ones aren’t, and the resulting financial conditions left in the wake. The comprehensive study weighs [...]

Spending + Debt = Crisis

21 Aug

You have to hand it to our federal legislators. They really know how to spend. For the first time ever, federal government spending topped $4 trillion. It’s up from $3.85 trillion the year prior. That equals $33,805 for each of the 118,562,000 households in the U.S. Before we go blaming President Trump, it’s important to [...]

Strong Potential for a Global Swan Attack

14 Aug

Last week we talked about the “Orange Swan” effect of President Trump. Well, there are a few more “swans” in the world that could really screw things up. First is the possibility of Janet Yellen getting monetary policy wrong within the context of other domestic reforms. We were promised health care reform, tax cuts and [...]

The Orange Swan

7 Aug

During our last fiscal meltdown, the Federal Reserve took drastic measures. It lowered interest rates to basically zero, took on an enormous Quantitative Easing (QE) program, and increased its balance sheet from $900 billion to $4.5 trillion. The Fed thought the wealth effect of these measures would lift the economy. For some it did. But [...]