Senator Pete Kelly: Economic Ignoramus or Political Coward?

Thanks, Pete Kelly!


There’s so much to thank Senator Pete Kelly for that it’s only right WC make an effort to show his appreciation. Credit where credit is due, after all. • CH2M Hill lost the oil field services contract. Those jobs will not go to mostly non-union Outsiders. If we had a state income tax, at least…

An asymmetric Laffer curve with a maximum revenue point at around a 70% tax rate, based on estimates by Trabandt and Uhlig (2011)

Trump, Voodoo Economics and the Laffer Curve


It’s seriously annoying to WC that anyone listens to a claim that lowering taxes will trigger an economic boom which will “pay for itself” in increased government revenue. The claim is absolute garbage. It’s what George H.W. Bush called “voodoo economics.” President Ronald Reagan pioneered the program, cutting taxes on his rich buddies. The economy…

From The Road to Tok, Tom Sadowski, Jimmie Froelich and Jeff Brown

Macroeconomics Comes to Law Schools


You have to pass a test called a bar examination to practice as a lawyer. In 28 states, that means taking a brutal 200-question test called the Multistate Bar Examination, the MBE. The scores on the MBE have been dropping, and more lawyers failing their state’s bar exams for three years in a row now. Law school…

When the Truth Isn’t Enough


When WC was a pup, he sincerely believed that the truth would always prevail; that if you had truth on your side, you were always gonna win. You might have to fight for the truth for a while, but the truth would prevail. WC has gotten wiser, if not smarter. And it’s been painful. Cartoonist…