Is middle-class stagnant?

A couple of my recent posts discussed the immense prosperity gains much of the world has seen over the past couple centuries. The long-term track record of free-market capitalism is quite good and quite clear. However, some people say that the American middle-class has stagnated, and is little better off today than in the 1970s. … Continue reading Is middle-class stagnant?

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Who is Totalitarian?

My posts don’t normally get into politics. I do point out problems caused by Big Government, and warn people to be on guard against expanding government, but I don’t normally get into the D versus R thing. However, in this post I will discuss the fact that Democrats keep calling Trump a totalitarian. They claim … Continue reading Who is Totalitarian?

Is 3% Growth Possible?

The growth rate of the US economy has been in the news recently, for a couple reasons. First, economic growth in recent years has been lower than the historical average of roughly 3%. This has led some people to predict low growth as the new normal. Second, the budget released last week by the Trump […]