American - Economist | -
We've created the class of folks who are unemployed for longer than a year that it's very, very difficult to reconnect to society.
Kevin Hassett
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What we should do, if you want to give more money to the people who are currently unemployed, just give them the money. Give them a lump sum of cash. Don't make them stay unemployed for another three months in order to get the checks.
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Lunchroom economic conversations are inevitably graced with at least one statement from an old-timer along the lines of, 'In my day, we walked 10 miles in the snow just to get to the recession.' In fact, the nature of recessions hasn't changed much over the years.
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The fact is that any carbon legislation is designed to make us not use coal. So if you're a state that has a lot of coal, you're going to get hammered.
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I am actually an open borders kind of guy.
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For an American, as mad you may be about whatever the EPA or the IRS does, just imagine if you only had a one twenty-eighth vote over what it does. You were in this place with this big bureaucracy that sets rules, and you only have a small vote. You'd feel like you've given up your sovereignty, wouldn't you?
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If the U.S. doubled its total immigration and prioritized bringing in new workers, it could add more than half a percentage point a year to expected GDP growth.
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Liberalized trade - in broadly multilateral, regional, or bilateral agreements - is a key ingredient in the recipe for prosperity... An absolute prerequisite for long-term economic growth is full participation in the global economy and trading system.
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There is no tax policy that better describes how out of touch America's liberals are with the rest of the country than the estate tax. According to the Left, government seizure of a large share of the wealth of an American taxpayer is a moral imperative that serves social justice. Most Americans disagree, big time.
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If someone builds a fortune, it belongs to him, not the government. An entitled government undermines liberty.
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If you want to help the poor, help the poor, and with your own time and money. Liberals prefer to do it with someone else's, which is why they love the estate tax.
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One of my favorite indicators of the near-term trend for the economy is auto sales, since folks tend to buy a car when they are feeling optimistic about their financial circumstances.
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