In their campaigns, George W. Bush and John Kerry studiously avoid a certainly crucial issue for the next president: what to do about dual deficits in the federal budget and current account. Such avoidance is understandable. Neither candidate could respond…
Bush can’t have it both ways on economy
The Bush administration should heed the Old Testament warning that “no man can serve two masters” in explaining its economic policies. Specifically it must clarify whether its policies are Keynesian or supply-side in design. They can’t be both at the…
Making a move is more difficult with the euro
While driving Interstate 40 in the South recently, it became readily apparent why Federal Reserve Chairman Alan Greenspan has an easier job than European Central Bank President Jean-Claude Trichet: U-Hauls. These vehicles tow belongings and cars with license plates from…
Which insurance fees are fair?
Which factors may insurance companies use in setting rates? This is a subjective issue that only can be answered through the political process. Whatever the outcome, incentives — or the lack of them — always have consequences. That’s one lesson…