Tag: politics

The Constitutional Case for the EPA

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There has been a lot of attention around President Trump’s director of the Environmental Protection Agency (EPA), Scott Pruitt. It was clear when Pruitt was appointed that the Trump administration was not taking environmental protection seriously. Pruitt has proved this assumption right by spending taxpayer money frivolously as well as using his post to help his wife find a job. While the Obama administration took the EPA’s responsibilities more seriously than this administration, it had its own share of failures, including taking 10 months to act on information that the city of Flint was not properly treating its water to prevent toxic lead contamination. The EPA has needed better direction for a long time. Let’s explore why that is so important. Continue reading “The Constitutional Case for the EPA”

Market Monday #6: Comparative Advantage

It is Memorial Day, and we are celebrating our freedom by bragging about the economy, putting immigrants in “detention centers” reminiscent of WW2 concentration camps, and punching drunk women on the Jersey shore. We need to realize the value of our fellow human beings, whether they be soldiers, immigrants, or even drunk women on the beach. Let’s stop blaming each other and hurting each other. Empathy is better for morality, but it is also better for the economy. Continue reading “Market Monday #6: Comparative Advantage”

Does Trump Deserve Credit for the Stock Market?

As an advocate for economics education, I get upset when I hear bogus economics claims being made in politics and the media. When this happens, consumers are fooled into spending irresponsibly. Voters are fooled into supporting policies detrimental to the economy. This has been on my mind lately as President Trump doesn’t let a day go by without taking credit for how well the U.S. stock market is doing. Continue reading “Does Trump Deserve Credit for the Stock Market?”

Book Review: Stress Test

stress testTimothy Geithner was President of the Federal Reserve Bank of New York from 2003 to 2009 and U.S. Secretary of the Treasury under from 2009 to 2013. Many people would have loved to be a fly on the wall in some of the meetings that Geithner was in during the financial crisis, the Great Recession, and the recovery. Geithner provides some insights, but he is also overly concerned with addressing his critics, especially those he calls “moral hazard fundamentalists.” Continue reading “Book Review: Stress Test”