The Battle For Reagan’s Soul, 2014 Version

By |2014-08-24T22:36:11-05:00August 21st, 2014|Categories: Barack Obama, Brian Domitrovic, Conservatism, Government, Ronald Reagan|

In 1980, that terrible year of stagflation, when Ronald Reagan was gaining the Republican nomination for president, dueling editorials appeared in the Wall Street Journal about “The Battle for Reagan’s Soul.” The first, by that title, came from neo-conservative sage Irving Kristol, who alerted readers that an effort was on by the establishment to [...]

We Need A National Literature Lampooning Government

By |2016-06-29T15:39:14-05:00June 22nd, 2014|Categories: Brian Domitrovic, Capitalism, Economics, Literature, Politics|

Knut Hamsun The modern market economy has never lacked for its literary expositors. From the time the industrial revolution (a term coined in the 1820s in France) first gained notice as a major and permanent development, litterateurs have given it the treatment. From Balzac’s dissection of the new class system of 19th-century [...]

Obama is Making Things Easy for the Next Reaganite

By |2014-01-13T14:32:54-06:00June 14th, 2013|Categories: Brian Domitrovic, Economics, Political Economy, Ronald Reagan|

Remember when people were saying that the old Republican ideas, the venerable supply-side reforms that first made their mark in the Ronald Reagan era of the 1980s, were no longer relevant in terms of getting us out of our rut today, on account of their already having been made policy? It was only yesterday [...]

The Sequester That Saved the Economy

By |2014-08-15T17:17:01-05:00March 12th, 2013|Categories: Brian Domitrovic, Economics, Government|

Remember stimulus spending? That’s the stuff that the government is supposed to come up with when the economy goes into recession. The idea is that since government expenditures are one part of overall economic output, when private activity wanes, aggregate output, or “GDP” can be maintained. It’s intriguing as a theory, perhaps, but in [...]

The Weak Dollar Is Getting Caught in a Currency War Pincer

By |2016-07-12T15:36:54-05:00March 6th, 2013|Categories: Brian Domitrovic, Economics, Gold Standard, Political Economy|

The dollar—that thing the Federal Reserve has been printing like mad the last few years—is in one of the worst spells in its history, short, medium, and long-term. Against the world’s major currencies, the dollar’s rate of exchange is down 5% since the Great Recession started, 32% from the 2001 peak, and 15% from [...]

President Obama’s Economic Growth Is Unworthy of U.S. Tradition: What’s the Matter?

By |2013-12-19T10:25:44-06:00February 11th, 2013|Categories: Barack Obama, Brian Domitrovic, Economics|

Last November, the political science models that predict presidential-election winners broke. As has long been taught, no incumbent ever wins re-election after presiding over weak recovery from a steep recession and 1.5% yearly economic growth—namely President Obama’s record over his first term in office. So political scientists have to tend to their models. In [...]

Income Tax & Fed Created In 1913, Phil Mickelson Shrugs In 2013?

By |2014-01-13T14:47:35-06:00February 1st, 2013|Categories: Brian Domitrovic, Economics, Political Economy|

Phil Michelson Don’t quite recall what happened in 1913? The Philadelphia Athletics’ World Series win that year didn’t make its mark? How about this, as I wrote in my book Econoclasts: For all one hears about, say, 1914, 1929, 1945, 1968, 1989, and 2001, 1913 may well be the most important year [...]

President Obama: The Worst Keynesian Ever

By |2013-12-19T10:58:55-06:00January 18th, 2013|Categories: Barack Obama, Brian Domitrovic, Economics, Keynesian, Political Economy|

The president is bent on raising taxes big time. The rationale? The deficit is getting out of control. Indeed it is. Since January 2009, when President Obama took office, the United States has run cumulative budget deficits of $5 trillion. Before that time, debt held by the public was $6.3 trillion. Now it’s $11.4 trillion, [...]

Economics Pasha Robert Solow is in a Time Warp

By |2014-01-13T14:52:13-06:00November 30th, 2012|Categories: Brian Domitrovic, Economics, Keynesian, Political Economy, Wilhelm Roepke|

“There’ll never be another Camelot,” said Mrs. John F. Kennedy forty-nine years ago this week, in the wake of her husband’s assassination in late autumn, 1963. “Camelot,” of Knights of the Round Table fame, was a Broadway hit at the time, and Jackie saw in all the genius advisors surrounding Kennedy another mythical fraternity [...]

Obama’s Historical Errors: Historical Illiteracy Marches On

By |2014-01-13T15:17:10-06:00October 31st, 2012|Categories: Brian Domitrovic, Economics, Political Economy|

Barack Obama & Jack Kemp “Governor, when it comes to our foreign policy, you seem to want to import the foreign policies of the 1980s, just like the social policies of the 1950s and the economic policies of the 1920s.” So said President Obama to his Republican challenger Mitt Romney, in the [...]

When It Comes To Job Creation, Obama Doesn’t Hold A Candle To Reagan

By |2014-01-13T15:16:07-06:00October 17th, 2012|Categories: Brian Domitrovic, Economics, Political Economy|

When Ronald Reagan became president in January 1981, the nation had just endured a recession the year before. Then another recession materialized on Reagan’s watch in a few months’ time, in the fall of 1981. The labor force participation rate—which measures the proportion of the population at work or looking—had been rising throughout the 1970s, [...]

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