Federal Spending Creates Few Jobs, Less Value

During the recent debate on legislation to reauthorize the federal highway system, many supporters of the program claimed that it would create 2 million jobs. But as decades of research demonstrate, such claims are questionable given the mixed findings of the many...

Make Tax Cuts Permanent

The roar of good economic news is getting louder. Our economy expanded 4.2 percent in the first quarter of the year. That follows 4.1 percent growth in the fourth quarter, and 8.2 percent growth in the quarter before that. Over the last three months alone, our economy...

Outsourcing: Threat or Menace?

Speech by Donald L. Luskin to the Corporate Finance Council of San Diego.Tonight I’m going to be talking about the controversy over “offshore outsourcing” in the context of a book I’m writing. My book is about the intersection of the science of...

Random Thoughts for May 2004

Random thoughts on the passing scene: Australian economist Wolfgang Kasper has figured out the day on which the average citizen has earned money enough to pay his taxes, so that he can then begin earning money for himself instead of for the government. For Singapore,...

Outsourcing: Threat or Menace?

Speech by Donald L. Luskin to the Corporate Finance Council of San Diego.Tonight I’m going to be talking about the controversy over “offshore outsourcing” in the context of a book I’m writing. My book is about the intersection of the science of...

No-Cost Decision-Making

Those who imagine that collective decision-making by government officials is better than individual decision-making in a market economy should have been present at a recent meeting of the Planning Commission for the city of San Mateo, California. A man who has been...