Today’s Brew 11-10-10

Ralph Benko appears at the Washington Examiner today:

Schramm’s Law reveals key to restoring America’s economic growth

Economist Dr. Arthur Laffer’s famous curve provided an earlier era with the recipe for prosperity. It was a simple, irrefutable, axiom, showing that too high tax rates, by throttling economic activity, would stifle government revenue. (President Kennedy made the identical point.)

The Laffer Curve powered America out of the horrible stagflation of the 1970’s—an economy even worse than today’s.

We now enter a new political epoch. It demands a fresh axiom, Schramm’s Law: “The single most important contributor to a nation’s economic growth is the number of startups that grow to a billion dollars in revenue within 20 years.”

We seek to emerge from the Great Recession while the incumbent administration flounders about with ineffectual and counterproductive remedies.  President Obama squandered so much political capital that the voters gave his entire party a “shellacking” (his word).Voters gave the Republicans a new and massive majority in the House — the constitutional source of taxing and spending.

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Today’s Brew 10-16-10

Wall Street Journal interview with Robert Mundell.

Currency Chaos: Where Do We Go From Here?

‘The most important initiative you could take to improve the world economy would be to stabilize the dollar-euro rate.’

Robert Mundell WSJ 2010
Robert Mundell

Today’s Brew 9-13-10

Really important op-ed in today’s Wall Street Journal by Arthur Brooks of AEI and Congressman Paul Ryan:

The Size of Government and the Choice This Fall

In polls, Americans overwhelmingly prefer small government and low taxes to the alternative. Yet they’ve been given big government, one program at a time.

Today’s Brew 9-1-10

By Larry Kudlow

The Business of America Is Business

Profits up, rates down, tax cuts, and a stock rally. How about some optimism.

In fact, since 2001, business profits have doubled, even while the stock market dial has hardly moved. If Washington can just keep its paws off of business and let market processes work, firms will continue to prosper domestically and internationally and will eventually pick up their hiring.

I hate to sound too much like Calvin Coolidge, who after Reagan is my favorite 20th century president, but the business of America is business.