Wealth Updraft
Oklahoma’s Improved Economic Performance Suggests Right to Work Is Working
My latest study for the Oklahoma Council of Public Affairs finds that critics of Oklahoma’s right-to-work law are wrong. From the study: On September 25, 2001, Oklahoma voters went to the polls and passed a constitutional amendment—Right to Work (RTW)—which gave workers the choice to join or financially support a union. This made Oklahoma the [...]
Frac, Baby, Frac . . .
photo credit: eMaringolo As I’ve blogged before, technology has played an important role in keeping Wealth Alchemist at bay. I recently came across this study–The Shale Gas Shock (pdf)–that thoroughly vets the pros and cons of this new hydraulic fracturing technology being used to squeeze natural gas out of shale rock. Put simply, this technology [...]
Can Technology Keep Wealth Alchemists at Bay?
Wealth Alchemists have done a lot of damage to our economy by encouraging consumption over the accumulation of wealth. Fortunately, technological shocks have given a needed shot in the arm in favor of wealth. Today we can produce more goods and services using fewer workers and fewer inputs than in the past. Thanks to advances [...]
New Hampshire’s Unemployment Rate
The Bureau of Labor Statistics just released their December 2010 unemployment estimates by state. New Hampshire’s unemployment rate was 5.5 percent versus 9.4 percent nationally . . . just trying to keep it real.
Taxes Matter II: Lower Taxes on Capital Investment
In today’s Wall Street Journal, Thomas F. Cooley and Lee E. Ohanian make the case for lowering federal taxes on capital investment. Here’s their bottom line: Taxing capital income at a permanent average rate of 20% instead of the current average of 37% would yield substantial benefits. After several years of higher investment, we estimate [...]
The State of America’s Private Sector III
I’ve gotten a few requests about Ohio’s private sector since Amity’s column opens with a discussion of President Obama’s recent trip to Ohio. Below is chart comparing Ohio with New Hampshire. In many respects, this is an even starker contrast since OH’s per capita personal income and private sector were greater than NH’s until the [...]
The State of America’s Private Sector II
Today, author and columnist Amity Shlaes ran an article in Bloomberg citing my research on the private sector via a comparison of Maine versus New Hampshire. She is the author of the best-selling “The Forgotten Man: A New History of the Great Depression.” Here is a chart which visually summarizes Amity’s article.
The Phase-in of the Phase-out of the Phase-out
There is a provision of the Bush tax cuts that is an excellent example of the types of economic phenomenon we aim to illustrate on this blog where the valuation of wealth can be affected by a number of factors, in this case tax policy. As such, you will note that such blog posts can [...]
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