Economics professor Greg Mankiw shares some interesting thoughts, citing Paul Krugman, on why Bush’s tax cuts may result in smaller government in the next administration than we would get otherwise. This is likely true, no matter which candidate wins. Krugman, however, calls this a “poison pill,” a way of sabotaging a takeover or transfer of […]
Thankfully, the Republican party, for all its failings in the last few years, has still some concept of fundamental principles of economics. The Senate blocked a windfall profits tax on oil companies, a tax much like many of the taxes that prolonged the Great Depression in America long past its end elsewhere. Thank goodness for
Killing the Economy – One Drop at a Time Read More »
There has been a huge amount of blogging on Burkean conservatism, especially as it relates to John McCain, over the last couple of weeks. I have relatively little to add to the mix, except to say that it’s important to distinguish between Burkean conservatism and other forms of politics called conservative. Burkeans favor change, but
Burkeanism Blogfest Read More »
I am, I admit, a paleocapitalist and (mostly a) paleoconservative. That said, I do not think oil company executives – or any other corporate executives – should have to defend their company’s profits, unless illegally gained. For that reason, this meddling strikes me as ridiculous. Lest we forget, oil is among the most volatile and
Grilling Oil Executives Read More »
Power Line has a good post [ed.: link updated to an archived link because the original was broken] on a new Gallup poll. The upshot of it is that huge numbers of Democrats say they will defect and vote for Senator McCain if the Democratic nominee is not their pick between Senators Obama and Clinton. Of
Power Line: The kind of numbers Hillary Clinton needs more of Read More »