Keating’s CyberColumn

November 5th, 2021 by

by Raymond J. Keating – The current economic recovery from the initial shock and lingering effects of the pandemic requires significant, consistent gains in terms of, for example, economic and employment growth. While the most recent report on second quarter GDP was disappointing, the U.S. Bureau of Labor Statistic’s employment report for October was solid […]

October 1st, 2021 by

by Raymond J. Keating – In the latest report on personal income from the U.S. Bureau of Economic Analysis, real personal consumption expenditures (PCE) grew by 0.4 percent in August. However, the overarching story from this set of data was not positive, specifically, after factoring inflation into the equation, personal income declined in August. Consider […]

September 10th, 2021 by

by Raymond J. Keating – Regulations – including price controls – always fall heaviest on smaller, entrepreneurial enterprises. That is very much the case in the biopharmaceutical industry. Price controls on prescription drugs would undermine entrepreneurship and private investment in the industry, and therefore, would undermine the creation of new and improved drugs, medicines and […]

September 9th, 2021 by

by Raymond J. Keating – Starting in April 2020, the U.S. Census Bureau’s Small Business Pulse Survey has been providing some valuable information on the impact of the pandemic on small businesses. Let’s look at some of the results from the latest survey week, which were released on September 9th. Pandemic Continues to Negatively Impact […]

September 1st, 2021 by

Executive Order on “Competition” Would Damage Innovation, Endanger Health Consumers by RAYMOND J. KEATING – I’ve said it before, and I’ll say it again: I’m always bewildered by the political attacks on pharmaceutical companies. After all, these businesses produce medicines, drugs and vaccines that improve and save lives. Why attack and undermine such worthy endeavors? […]

August 19th, 2021 by

by Raymond J. Keating – The Biden administration apparently is confused as to how public policy impacts business and the economy. For example, there was the President’s executive order in July that tried to assert that more regulation of business would lead to more competition in the marketplace. That didn’t make any sense (see SBE […]

August 17th, 2021 by

by Raymond J. Keating – Raising taxes as the economy tries to recover from a pandemic is not a smart idea. Small business owners certainly understand this bit of economic common sense. Unfortunately, politicians often lack economic common sense, and hence, we have President Joe Biden and assorted Members of Congress looking to inflict additional […]

August 13th, 2021 by

by Raymond J. Keating – In my economics career, I have long argued that the capital gains tax is one of the most destructive levies that government can impose. Indeed, it might be the most damaging tax. Why? The capital gains tax is a direct tax on the returns on entrepreneurship and private investment. That […]

August 9th, 2021 by

  by Raymond J. Keating – If one thinks that class warfare and increasing government spending are essentially all that truly matter regarding the impact of taxes, then why wouldn’t you favor all kinds of tax increases? That is the case with the Biden administration and many in Congress, including plans to increase the burden […]

July 29th, 2021 by

by Raymond J. Keating –  The Federal Reserve remains blissfully oblivious as inflation runs hot. In the latest Federal Open Market Committee (FOMC) statement on monetary policy, the Fed made clear that it is undeterred in continuing to run historically loose monetary policy. As noted in the FOMC statement, the Fed declared, “Inflation has risen, […]

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