Sipping my coffee this morning and reading the paper about the proposed capital gains tax cut it struck me that this is a really big change with very unclear consequences.
Capital gains and inflation are complicated
The Gephardt Rule Returns
The House passed the Gephardt rule and essentially says they will not take two votes on every fiscal matter. Not a fiscal panacea but some return to adult behavior.
National Debt Discussion
The national debt is typically only a concern for the party out of power, if at all. In such a case it is a convenient foil to majority’s plan to increase spending or raise taxes.
Continue reading National Debt DiscussionI enjoyed watching this hearing on the national debt and the economy from the House Financial Services Committee and decided it would be a good thing to post.
State Fiscal Rankings-ND #19
The Mercatus Center at George Mason University issued their 2018 rankings of states by fiscal condition. You can find the North Dakota discussion here. As a point of reference North Dakota was ranked in the top 5 each of the previous three years. The current ranking puts the state squarely in the average category.
Continue reading State Fiscal Rankings-ND #19President Trump’s Fiscal Follies
I caught numerous headlines last week about the President unhappy with the Fed raising rates (here is one from CNN). I am not going to get into whether the President can or cannot criticize the Fed, and I am actually not going to get into whether he should. The question we need to ask is whether or not he is correct about economic policy.