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Why Obamacare is the heart of the new pro-growth, pro-middle class, pro-entrepreneur Democratic Party (sorry, Senator Schumer)

Senator Schumer has made a plausible argument for why Obamacare was a political mistake.  I disagree. Democratic politicians have mainly defended Obamacare on the grounds…

Anti-inversion legislation: A “boomerang bill”

There must be a good word for legislation that produces exactly the opposite result that its supporters intend. I know, let’s call it a “boomerang…

Why Curing Cancer Will Boost Productivity

An article in Forbes trumpets a new approach to actually curing cancer using the immune system.  The article itself, entitled “Is This How We’ll Cure Cancer?” is…

The Need to Support Business Investment

Here’s the situation: Fundamentally, investment is what drives productivity and growth. Unfortunately, more than six years after the Great Recession started, business investment is still…

Textiles and apparel are not “thriving”: Why the U.S Still Needs A Production Economy

The NYT just ran a story entitled “U.S. Textile Plants Return, With Floors Largely Empty of People.”  You might read that story and think, hey,…

Will the GDP revisions help or hurt Obama?

The GDP revisions which come out on Wednesday are likely to reshape our perception of the Great Recession. The BEA will have new data available,…

Telecom/Broadcasting Industry Leads in Investment Spending

While I was waiting for my plane at Heathrow on Sunday, I spent a bit of time looking through BEA statistics on investment spending by…

Who Says Tech Innovation Moves Too Slowly?

In his article for the July/August issue of the Washington Monthly, Barry Lynn correctly notes that the slow pace of technological progress in many fields…

Is the Labor Market for Colleges Grads Looking Up?

Young educated Americans are finally rejoining the workforce. According to BLS statistics, the labor force participation of Americans age 18-34 with a Bachelor’s or Associate’s…