Norm Robins

Allan Meltzer (1928 – 2017)–In Memoriam

May 11, 2017
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Renowned economist Allan Meltzer, author of the seminal book “Why Capitalism” and a magisterial two-volume history of the Federal Reserve as well as ten other books and 400 papers died on May 8, 2017 at age 89.  He was also a consultant for congressional committees and a member of the President’s Council of Economic Advisers. …

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Aw Come On, Government

May 7, 2017
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Aw come on, government, can’t you just get off people’s backs and let them produce wealth, employ people, and pay your exorbitant taxes?  President Donald Trump has just last month imposed a 20% import duty on lumber from Canada.  The lumber we import is mostly from British Columbia.  (That should help bring down the high…

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Don’t Attack Syria

April 6, 2017
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Bashar Assad, continuing his repugnant depredations against his own people, men, women, and children, has just bombed them with ricin nerve gas.  A few grains of this stuff equivalent to a dusting of salt from a salt shaker will kill someone.  Just a few minutes ago (April 6, 2017 at 9:21 PM eastern time) The…

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Democrats, Be Careful What You Wish For

March 27, 2017
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After the ignominious defeat of the Ryan-Trump attempt to kill some of the onerous parts of Obamacare Nancy Pelosi appeared on television and advised us that Obamacare is here to stay for the foreseeable future.  She smiled.  She always smiles, too many face lifts I suspect.  But I beg to disagree.  I see something else.…

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Mr. Market Says Republicans Are Dumb

March 22, 2017
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Tomorrow, Thursday, March 23, 2017, the House of Representatives is scheduled to vote on the American Health Care Act.  This is the bill championed by Speaker Paul Ryan and supported by President Donald Trump that overturns some of the more onerous provisions of Obamacare.  Yesterday, Tuesday, The stock market had its biggest one-day loss since…

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The End Of The World, Part II

March 12, 2017
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The Border Adjustment Tax (BAT) is still alive and well in Congress despite efforts by people like your humble author to kill it.  So let me not mince words.  This tax if implemented will end in disaster, and it will do so for reasons neither businessmen nor politicians seem aware of.  Only a small handful…

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Get With The Program, President Trump

March 5, 2017
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Every once in a while the Bureau of Labor Statistics publishes what the job market will look like 10 years out.  As the great American philosopher Yogi Berra said (or perhaps didn’t), Forecasting is difficult, especially when it’s about the future.  Maybe their forecasts aren’t that great, but they do indeed give the reader a…

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Shoot The Border Adjustment Tax In The Head

February 26, 2017
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Europe has its value added tax (VAT), and Europeans seem to love it.  Basically, it says if I own an oil well and I sell a barrel of crude oil to a refiner we pay a sales tax on it, say $10 on a $50 a barrel price.  That makes the VAT 20%.  Let’s say…

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Wake Up, Sweden

February 20, 2017
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To the joy, nay the glee, of Trump supporters like me President Trump irritated the chattering left once again.  Yeah, Mr. President!    Not only did he irritate them, but he confused them.  That’s what The Washington Post said in an article in their February 20, 2017, issue entitled “Trump asked people to ‘look at what’s…

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Donald J. Trump Is All Wet

February 8, 2017
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Everybody wants a booming economy, even Democrats—or so they say.  Our economy is measured by GDP, gross domestic product.  That is, it is measured by what we produce.  One problem is that we don’t measure it directly.  We measure it by what everybody consumes.  We consume what we produce and produce what we consume, so…

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