8/11/22 In the aftermath of the FBI raid on Trump’s home at Mar-a-Lago, political tensions — already high — have been amped up further. On one side, the raid has been taken as validation that Merrick Garland may actually be a man of his word. Despite prior claims that the…

8/6/22 At the time Senator Manchin signaled his willingness to support the Inflation Reduction Act of 2022, the bill contained provisions relating to the taxing of carried interest. To get the support of Senator Sinema, however, the carried interest section of the act had to be sacrificed. Not such a…

7/29/22 I have no doubt about the need for reducing carbon emissions and transitioning to greener energy, and I was delighted to read about Senator Manchin’s recent change of heart on this issue. At the same time, I’m holding my breath to see what the resulting legislation will look like…

7/9/22 Although I tend to think of myself as generally being optimistic and hopeful, I’m not all that sanguine when it comes to the state of America. We seem to be operating with dysfunctional judicial and political systems where, due to institutional features, the desires of the majority seem to…

6/30/22 While a sizable population holds fast to the view that the Committee is illegitimate and is engaging in a witch hunt, with each public hearing, the size of this group is eroding, and attitudes are changing. Not fast enough. Initially, I was skeptical that the Committee would offer up…

6/26/22 We all know of the shortage of microchips that developed after the onset of the pandemic due to our inability to secure desired cargos from foreign suppliers and insufficient domestic production capacity to compensate. …

June 19, 2022 Macroeconomic policy divides between monetary policy, controlled by the Federal Reserve Board, and fiscal policy, controlled by Congress and the Administration. In formulating fiscal policies, the government can alter (a) government spending, (b) taxes, and (c)transfer payments. Taxation, of course, is well understood, but the distinction between…

6/14/22 After two days of public hearings on the part of the January 6th Committee, I expect anyone paying attention has concluded that Trump is either (a) guilty of orchestrating a criminal conspiracy to maintain power despite losing the presidential election, or (b) certifiably delusional. In either case, his ongoing…

6/10/22 Microchips have been in short supply since shortly after the start of the pandemic; and while both houses of Congress have passed versions of the CHIPS Act, which will likely pump $52 billion into the hands of Microchip producers, the bill remains in conference and has yet to be…