A Year of Posts on the Wall Street Journal
My commentary ‘calling’ started with enthusiastic and unsolicited posts on the Wall Street Journal (WSJ) online site, in response to articles published on various topics. Starting in May 2008 with capital markets – the role of the Federal Reserve, the impact of government regulation and intervention, the power of special interests, etc. Foreign policy and national security (inextricably linked), and targeted issues in the national debate, such as health care, ‘climate change’ and education, also captured my attention and comment.
I have since given up adding free online content to the WSJ site, and wish to publish this body of commentary somewhere (where better than here?), with the intent for it to provide further usefulness in the public domain. My apologies on the lengthiness – I have since learned that I should have been writing for my own site all along! Cheers to all of you who contribute free online content – it is a risky endeavor in terms of the returns.
Posts on Capital Markets: Capitalism and Free Markets
Posts on National Security and Foreign Policy
Posts on Health Care, Education, ‘Climate Change’ and Other Assorted Issues
Posts on Capital Markets: Capitalism and Free Markets
Let’s Try Market-Oriented Market Reform, 5/31/08:
About the only useful step Congress could/should make from Mr. Ely’s list is to modify corporate tax policy – specifically to bring the level of capital gains taxation for corporations (which include financial institutions) to the same level as individual capital gains tax rates (15%). This disparity alone discourages equity capital investments that companies would have otherwise made, and would likely raise revenue for the Treasury to boot. The market itself, without Congressional meddling, should handle all other reforms. In fact, interest rate policy should also be more market based (independent of the Fed).
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