End the Fed’s War on Paychecks

By Ralph Benko The Democratic Party has made “income inequality” a signature issue for the 2014 (and, presumably, 2016) election cycle.  Democrats, en masse, shout “J’accuse!” at Republicans. There is a very different story to tell. “Income inequality” is a crude, and twisted, heuristic for stagnant median family income.   “Income inequality” does not really resonate … Continue reading End the Fed’s War on Paychecks

OECD recommends how to fight tax avoidance

The OECD released its first recommendations for a co-ordinated international approach to combat tax avoidance by multinational enterprises, under the OECD/G20 Base Erosion and Profit Shifting Project designed to create a single set of international tax rules to end the erosion of tax bases and the artificial shifting of profits to jurisdictions to avoid paying … Continue reading OECD recommends how to fight tax avoidance

The Origins and Implications of the Scottish Referendum

By George Friedman The idea of Scottish independence has moved from the implausible to the very possible. Whether or not it actually happens, the idea that the union of England and Scotland, which has existed for more than 300 years, could be dissolved has enormous implications in its own right, and significant implications for Europe and … Continue reading The Origins and Implications of the Scottish Referendum

Global growth continuing at a moderate pace

A moderate expansion is underway in most major advanced and emerging economies, but growth remains weak in the euro area, which runs the risk of prolonged stagnation if further steps are not taken to boost demand, according to the OECD’s latest Interim Economic Assessment. While the global recovery continues at a moderate rate, the outlook … Continue reading Global growth continuing at a moderate pace

A Money Revolt is needed: Fix The Dollar With Gold

By Ralph Benko The Tax Revolt has run its course. A Money Revolt is needed. Steve Forbes, with Elizabeth Ames, in Money: How the Destruction of the Dollar Threatens the Global Economy—and What We Can Do About It has thought the issues through. So has, among others, Lewis E. Lehrman (founder and chairman of the Lehrman Institute, … Continue reading A Money Revolt is needed: Fix The Dollar With Gold

Spain on the road to recovery, says OECD

Spain is emerging from a protracted recession, marked by a return to moderate growth and rising international competitiveness. Decisive banking and fiscal reforms, coupled with supportive monetary policy from the European Central Bank, have reduced financial tensions and improved public finance. But to ensure that the recovery is sustained and unemployment returns to much lower … Continue reading Spain on the road to recovery, says OECD

The Virtue of Subtlety: A U.S. Strategy Against the Islamic State

By George Friedman U.S. President Barack Obama said recently that he had no strategy as yet toward the Islamic State but that he would present a plan on Wednesday. It is important for a president to know when he has no strategy. It is not necessarily wise to announce it, as friends will be frightened … Continue reading The Virtue of Subtlety: A U.S. Strategy Against the Islamic State

Ukraine, Iraq and a Black Sea Strategy

By George Friedman The United States is, at the moment, off balance. It faces challenges in the Syria-Iraq theater as well as challenges in Ukraine. It does not have a clear response to either. It does not know what success in either theater would look like, what resources it is prepared to devote to either, nor whether the … Continue reading Ukraine, Iraq and a Black Sea Strategy

Who is Rand Paul?

by Ralph Benko For starters, Rand is short for Randal, not an allusion to Ayn Rand, after whom Sen. Paul was not named by his libertarian (not Objectivist) father Ron Paul. Reportedly, growing up he was called Randy … until his wife shortened the diminutive to Rand. Washington, ordinarily, is committed to maintaining the status … Continue reading Who is Rand Paul?

Terrorism as Theater

By Robert D. Kaplan The beheading of American journalist James Foley by the Islamic State in Syria and Iraq was much more than an altogether gruesome and tragic affair: rather, it was a very sophisticated and professional film production deliberately punctuated with powerful symbols. Foley was dressed in an orange jumpsuit reminiscent of the Muslim prisoners … Continue reading Terrorism as Theater