Author Archive

Hillary’s Tax Plan: A Wealth Transfer from Nearly Everybody (Not Just the Rich) to Big Government

Two weeks ago, presidential candidate Hillary Clinton spoke to an audience in Warren, Michigan laying out her plans for the economy should she become president.  Of course, this was before NCPA released a new study on Clinton’s tax plan, which is now available.  In her speech, she asked four questions, and based on our analysis […]

Not Much to Say About the Jobs Report

The July jobs report is out.  Nonfarm jobs rose by 255,000, which is more than economists predicted for July. But the unemployment rate still stands at 4.9 percent, and the labor force participation rate is a paltry 62.8 percent, only two-tenths of a point lower than last July.  In terms of demographics: Among all age […]

A Patently Silly Campaign Promise to Entrepreneurs…from Hillary

A colleague emailed me an article about Hillary Clinton’s new campaign pledge to entrepreneurs.  In a speech yesterday, she proposed delaying student loan payments for three years to those starting up a business.  If that business provides “social benefits,” she proposes that the entrepreneur could apply for debt forgiveness of up to $17,500 after five […]

Social Insecurity

The 2016 Social Security Trustees Report has been a long time coming.  Usually it is released in the spring (although last year it wasn’t released until July), but I can’t say I blame the Trustees for the delay.  It looks bad.  Worse than last year.  The program that pays yours and my retirement benefits, either […]

Mining Takes a Hit in the Jobs Report

While Hillary Clinton is trying to convince Coal Country that she cares, the BLS reports that 7,000 jobs in mining were lost in April alone, totaling 191,000 mining and mining-related jobs lost since September 2014.  Earlier this week I wrote about the lack of political support for “dirty jobs” that actually pay quite well, and […]

Another Take on Slow Wage Growth, Part II

Yesterday, I elaborated on a WSJ article and some historical data highlighting slow wage growth.  While some policymakers may just shrug and insist that slow wage and GDP growth are the “new normal,” others seem to believe that simply waving the magic $15 minimum wage wand will fix everything.  Both are wrong.  Here is what could […]

Another Take on Slow Wage Growth, Part I

This week began with some not-so-peaceful May Day protests around the world.  Of particular interest was a demonstration in Seattle, where protestors demanded better wages and working conditions.  Oh…wait…doesn’t Seattle have a $15 an hour minimum wage law?  Evidently according to some, it is not enough for entry level work. According to the Wall Street […]

Oops! The Consumer Financial Protection Bureau Gets Slapped Down

I recently wrote about the Financial Stability Oversight Council created under Dodd-Frank legislation in 2010. A federal judge had ruled that the FSOC did not prove its case in determining that MetLife posed a “threat to financial stability.” Enter the Consumer Financial Protection Bureau (CFPB), another unaccountable entity, thanks to Dodd-Frank.  In 2014, the CFPB […]

Will Dodd-Frank Implode? Let’s Hope So

There have been a few interesting developments lately regarding legal interpretations of Dodd-Frank.  Unfortunately, media outlets are too busy covering trivial matters such as bathroom bills to focus on the impacts of this poorly-conceived legislation that has been in place since 2010.  However, the Wall Street Journal has not disappointed, covering some major developments in federal […]

Where is the Stock Market Panic Now?

It occurred to me this week that I had not heard much about the stock market since it started going south in January.  So I perused the Internet and came across some interesting article headlines from times past: “Dow Falls Below 8,000: First Time Since ’03” (ABC News, Nov. 19, 2008) “Wall Street Cheers as […]