Judgement Call

The fix for corporate income tax

May 31, 2013

Apple CEO Tim Cook (C) , CFO Peter Oppenheimer (L) and head of tax operations Philip Bullock are sworn at a Senate hearing in Washington, May 21, 2013.  REUTERS/Jason Reed

Hating government while pining for gold

April 25, 2013

Gold? Why not bitcoins or conch shells?

A return to a gold standard makes perfect sense if your contempt for government runs so extreme that it trumps any consideration of consequences. As a practical matter, though, the idea of reinstating the gold standard lies somewhere between silly and perverse.

The fiscal crisis nears – or not

March 12, 2013

Few economists preach spending cuts as a cure for high unemployment. Yet that’s exactly what Congress decided when it imposed, starting March 1, across-the-board spending cuts (the “sequester”). Despite Friday’s mildly upbeat jobs numbers, the economy remains limp, with 15 million or so unemployed individuals who want to work. Federal spending cuts won’t make their plight any better.

Weighing immigrants’ economic power

February 1, 2013

“Now is the time to [reform immigration laws] so we can strengthen our economy.” So said President Barack Obama on Tuesday as he challenged Congress to give 11 million illegal residents of the United States a road map to citizenship.