Allowing Private Sector Innovation Holds the Most Promise, if Government Doesn’t Impede Progress
Today we are fortunate to have a contribution written by Clifford Winston, Searle Freedom Trust Senior Fellow at the Brookings Institution. This post is based on a more extensive analysis available here.
From WaPo:
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John Fund, in National Review Online, writes of:
“…an ever-expanding government that chokes off economic opportunities for the middle class and those who aspire to it.
Quick links to a few items I found interesting.
The employment release reported a 209,000 net increase in nonfarm payroll (NFP) employment was below consensus, but still represented the sixth straight month of +200K net job creation. The net change in private NFP was 198,000. Here I want to note (1) the household survey based alternate measure of nonfarm payroll employment also continues to rise; (2) revisions in NFP and private NFP have typically been positive in recent months; (3) the 2014Q1 drop in GDP seems a little out of line with labor input.
With apologies to Richard Hofstadter.
On reading “New Classical Kansas”, James Sexton comments:
Today, we’re fortunate to have Alex Nikolsko-Rzhevskyy, Assistant Professor of Economics at Lehigh University, David Papell and Ruxandra Prodan, respectively Professor and Clinical Assistant Professor of Economics at the University of Houston, as Guest Contributors
The Bureau of Economic Analysis announced today that U.S. real GDP grew at a 4.0% annual rate in the second quarter. Hopefully that’s the start of something good; but so far, it’s only a start.
Two years ago, Governor Brownback asserted:
Our new pro-growth tax policy will be like a shot of adrenaline into the heart of the Kansas economy.
From a CEA report written under the leadership of James Stock, released today: