Pulse on the Market

A Major Problem with the Pro-Border Adjustment Tax (BAT) Arguments

March 18, 2017 | By Robert P. Murphy

On Episode 35 of the Lara-Murphy Show, I walked through a Scott Sumner blog post about the GOP tax proposal, which includes a “border adjustment tax” (BAT). This would tax   — View Full Article

Is Health Care Broken Because of Tax Breaks?

March 10, 2017 | By Robert P. Murphy

It’s not surprising that progressives oppose the GOP health insurance plan as being heartless, and it’s not surprising that many conservatives and libertarians oppose the plan for keeping too much   — View Full Article

Krugman’s Case for Deficits Flip Flopped IN EIGHT WEEKS

January 10, 2017 | By Robert P. Murphy

Paul Krugman lobbed his critics a slow pitch over the plate with his recent column titled, “Deficits Matter Again.” The NYT’s famous Keynesian economist has just spent 8 years arguing   — View Full Article

Thoughts On Trump’s 1995 Tax Return

October 3, 2016 | By Robert P. Murphy

Look folks, we’re not fans of Donald Trump; see our earlier post questioning the wisdom of voting at all. But the commentary regarding the leaked excerpts from his 1995 tax   — View Full Article

Krugman’s ObamaCare Predictions Spiraling to Their Death

September 1, 2016 | By Robert P. Murphy

The announcement that Aetna is pulling out of the health insurance exchanges in 11 states (out of a total of 15), because it has been losing hundreds of millions of   — View Full Article

Stock Prices and the Fed

August 8, 2016 | By Robert P. Murphy

People have been citing recent record-highs in the U.S. equity markets as a refutation of the naysayers. It’s worth looking at the still tight connection between the S&P 500 and   — View Full Article