John A. Parnell, Ph.D.
The Social Security Administration announced that there would be no annual cost-of-living adjustment (COLA) this year for Social Security recipients because there isn’t any inflation, at least not as calculated by the SSA formula. This ....
I just returned from another trip to Asia. I always see some things firsthand when I'm there. I had two interesting encounters this time. The first was at the national museum in Beijing. The modern ....
I just returned from a trip to China. While there I spoke with students considering coming to the US to study, one of which asked me a great question: The economic systems of the US ....
Donald Trump is talking a lot about China. His central claim is that that the Chinese government continues to manipulate the value of its currency, keeping it low and enabling Chinese companies to export their ....
It’s time to update the crisis in Venezuela. The mass printing of bolivars has led to predictable hyperinflation in recent months. It’s no surprise that President Maduro’s government hasn’t published any inflation or related data ....
Chris Matthews recently asked DNC chair Debbie Wasserman Schultz to explain the difference between a Democrat and a Socialist. She wouldn’t answer. As we shall see, the reason why tells us a lot. A Democrat ....
Senator and presidential candidate Rand Paul launched a flat tax proposal last month. It’s received a lot of criticism from all sides. Some has been warranted, but much of it is really designed to mask ....
The size and scope of government has ballooned in Greece. Ordinarily this type of problem would be confined to a single nation, but not when there is a common currency. The problems of Greece affect ....
Pope Francis released an encyclical on climate change a few days ago, among other things condemning business for its “obsession with maximizing profits” and consumers for buying things they don’t need. I’m not a Catholic, ....
Somebody has to pay for the roads and bridges. Ideally, government-maintained infrastructure should be financed through use taxes so everyone pays in accordance with the benefits they receive. A federal and state gas tax regime ....