Why We Should Cut The Corporate Tax To 15% Now

In Full Archive by Nathan Lewis

(This item originally appeared at Forbes.com on August 8, 2017.) https://www.forbes.com/sites/nathanlewis/2017/08/08/why-we-should-cut-the-corporate-tax-to-15-now/#10bfe87479ba The U.S. government hasn’t really done very much about its tax code since 1987. Mostly it has been like the Battle of the Somme, trench warfare accomplishing nothing, with the top income tax …

The Midas Paradox #3: It’s So Because I Say It Is

In Full Archive by Nathan Lewis

We’ve been talking about The Midas Paradox (2015), by Scott Sumner. July 23, 2017: The Midas Paradox (2015), by Scott Sumner July 31, 2017: The Midas Paradox #2: Blame Gold The primary claim of the book is that gold’s value soared higher, in an …

The Midas Paradox #2: Blame Gold

In Full Archive by Nathan Lewis

We have been talking about The Midas Paradox (2015), by Scott Sumner. July 23, 2017: The Midas Paradox (2015), by Scott Sumner. As you probably guessed from the three-word title, the book can be summarized in two words, which are: “blame gold.” This, as …

Would Free Trade Be OK If The U.S. Had A Trade Surplus?

In Full Archive by Nathan Lewis

(This item originally appeared at Forbes.com on July 26, 2017.) https://www.forbes.com/sites/nathanlewis/2017/07/26/would-free-trade-be-ok-if-the-u-s-had-a-trade-surplus/#4a5b8a9b5852   There is a lot of grumbling that free trade is eroding economic health in the U.S. There is some merit to these arguments; also, the U.S. economy hasn’t been very healthy for …

The Midas Paradox (2015), by Scott Sumner

In Full Archive by Nathan Lewis

We have spent a lot of time over the past two years looking into various aspects of the “Interwar Period,” 1914-1944, which includes the Great Depression. October 10, 2016: The Interwar Period (contains many links) October 6, 2016: Team Gold Needs To Get Over …

The “Gold Sterilization” of 1932 #3: The View From 2011

In Full Archive by Nathan Lewis

Today, we will continue our discussion of the “gold sterilization” of 1937. June 18, 2017: The “Gold Sterilization” of 1937 June 25, 2017: The “Gold Sterilization” of 1937 #2: Fumbling and Bumbling We will look at an influential 2011 paper by Douglas Irwin, available …

Gold Or Bitcoin? Gold AND Bitcoin.

In Full Archive by Nathan Lewis

(This item originally appeared at Forbes.com on June 30, 2017.) http://www.forbes.com/sites/nathanlewis/2017/06/30/gold-or-bitcoin-gold-and-bitcoin/   “Gold or Bitcoin?” seems to be an idea, a meme, that is rising to the surface now. People sense that the world’s banking systems are at risk, and are thinking about alternatives. …

The “Gold Sterilization” of 1937 #2: Fumbling and Bumbling

In Full Archive by Nathan Lewis

As part of our continuing investigations into the Interwar Period, we’ve been looking at a funny episode in 1937. June 18, 2017: The “Gold Sterilization” of 1937 October 2, 2017: The Interwar Period, 1914-1944 I think it has been productive to spend all this …

The “Gold Sterilization” of 1937

In Full Archive by Nathan Lewis

Today, we will start investigating the U.S. recession of 1937, and along with that, claims that the Federal Reserve caused it by some sort of misbehavior. As is our usual practice, we will begin with just looking at some general information about that time. …

Don’t Fear The Robots, Fear Low Savings And Investment

In Full Archive by Nathan Lewis

(This item originally appeared at Forbes.com on June 14, 2017.) https://www.forbes.com/sites/nathanlewis/2017/06/14/dont-fear-the-robots-fear-low-savings-and-investment/#12c4f1e32f79   Ever since the dawn of the Industrial Revolution, in the 1780s, mechanization has been destroying jobs. That is not only its aftereffect, but its primary purpose, also known as “labor-saving.” Over time, …