Tag archives: policy

Deficit spending has significant harmful long-term economic effects but neither Kamala Harris nor Donald Trump are talking about it. The growing deficit will lead to more borrowing by the government, higher interest rates, a “crowding out” effect on private debt markets, force cutbacks on entitlement programs, jeopardize the standing of the U.S. dollar, and slow […]

Argentina is what happens to a country when the people running it have no idea what they are doing. They think they know what they are doing and are undeterred when things don’t turn out so well. Socialist countries suffer this fate. Ditto most government-run economies. I call this process “Argentinization.” I mention Argentina because […]

“When the preferences of economic elites and the stands of organized interest groups are controlled for, the preferences of the average American appear to have only a minuscule, near-zero, statistically non-significant impact upon public policy.” This was the conclusion of a Princeton University study by Martin Gilens and Benjamin Page, “Testing Theories of American Politics: […]

The last time I sat face-to-face with Congressman Salud Carbajal was in September of 2020, when we were all optimistic that the pandemic’s end was in sight. That was three years into his stint in Congress. And as honored as he was to be representing this district in the People’s House, he nonetheless seemed burdened […]

Many of us living here in Montecito have confronted actual or potential risk of loss to our homes in the last several years from the massive fires and mudslides that attacked our community. A question, critical to our economic well-being, is whether our homeowner’s insurance protects us against such calamities. We would hope that the […]