Opinions Uncensored

Everything you need to know about Tax Freedom Day®

Monday, April 21, was 2014 Tax Freedom Day®, according to the Tax Foundation. The Tax Foundation is not exactly known for unbiased research, and its promotion of Tax Freedom Day® is no exception.
The Foundation claims that Tax Freedom Day® is “a vivid, calendar-based illustration of the cost of...

Two ways to Fish with the Fisher Effect

I wrote some 4 days ago about the Thoma/Williamson debate. I thought Stephen Williamson w0n the debate with his views on the Fisher effect, which basically state that keeping the Fed rate low into the long run will create low inflation. The basic principle underlying this view is that the real...

A Better Buffett Bet….

Warren Buffett shouldn't be searching for someone to explain the bear case on Berkshire. He should be looking for someone to explain why anyone should continue to hold his firm's stock relative to a broader index. Now, THAT would make for a fair and interesting discussion.

Speeding toward inequality

If you were a passenger in a car speeding toward a cliff, you would scream at the lunatic driver to steer away or slow down. The car is our economy. The cliff is inequality. Inequality is a disaster for society.
Who is driving the car? A combination of government policies and business...

AIA: Architecture Billings Index indicated contraction in March

Note: This index is a leading indicator primarily for new Commercial Real Estate (CRE) investment. From AIA: Architecture Billings Index Mired in SlowdownFollowing a modest two-month recovery in the level of demand for design services, the Architecture Billings Index (ABI) again turned negative...