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Category: Economy

Great Depression II or Great Federal Debt

by Steven Pressman | May 19, 2020 | Coronavirus, Economy

Thinking several steps ahead prepares us for the future; not doing so invites failure. The inability to think ahead has turned a global health crisis into an economic crisis for the United States and a political crisis for President Trump. Currently (early May), it is hard to know when the U.S. economy can safely reopen […]

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Donald Trump and Anthony Fauci

Covid-19 Presents a Unique Set of Economic Challenges to Policymakers

by Steven Pressman | Apr 30, 2020 | Coronavirus, Economy

As I write this, there have been more than 336,000 reported cases of the coronavirus in the United States, and over 9,600 have died from it. Some experts contend that, in the worst possible case scenario, the virus is capable of killing as many as three million Americans. What makes the coronavirus so deadly is […]

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College Debt

Debt Wrong: Dealing With College Costs and the College Debt Crisis

by Steven Pressman | Feb 12, 2020 | Economy

As the presidential race heats up, two contentious and related issues concerning higher education have begun to take center stage—whether to make tuition free and what to do about Americans drowning in college debt. The Democrats running for president have struggled mightily with these issues. Before we get to solutions, let’s review the problems. The […]

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Tax Policy Options for the Next Administration

by Steven Pressman | Jan 19, 2020 | Economy

The Democrats running for president all promise large spending programs if elected—Medicare for All (or for all who want it), free or cheap college, infrastructure development, and (for Andrew Yang) a $12,000 annual income grant. Given the interest generated by my two recent Washington Spectator pieces on wealth taxes and financial transaction taxes, it seems […]

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It’s Time to Tax Financial Transactions

by Steven Pressman | Oct 18, 2019 | Economy, Politics

Over the years, many prominent economists have advocated taxing financial transactions. During the Great Depression that followed the 1929 stock market crash, John Maynard Keynes advocated such a tax to curb financial speculation and help ensure that investments went to productive endeavors rather than short-term gains. Nobel laureate James Tobin proposed a financial transactions tax […]

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