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NEWS and BLOG

Jamie Dimon: The US economy only grew at 20% over the past decade when it should have grown at 40%.

 Yahoo Finance reports that Jamie Dimon, CEO of JP Morgan Chase, sounding like a true blue supply-sider, observed that the US economy grew only 20% over the past ten years when it should have grown 40% largely due to bad tax, regulatory and tort policy, but also advancing to skills training (a leaf out of Gary Becker’s Human Capitalism):

Speaking at an event from the firm’s New York headquarters, Dimon acknowledged that the global economy over the years has “grown enormously….It’s lifted billions of people out of poverty. It’s done quite well. It does not mean there aren’t flaws. I think we should distinguish that,” Dimon said. However, he pointed out that the American economy has grown 20% in the last decade, but argues that it should have been 40%. “A normal recovery would have been 40%. And we made a list of all the reasons why — infrastructure, bad taxation to litigation, to regulations stopping the formation of small business. But a big one is skills,” Dimon said. On Monday, JPMorgan Chase, the largest U.S. bank, announced a $350 million investment to help people train for the future of work ….”

***White House Releases Economic Report of the President***

Policy and Government

President Trump, in the 2019 Economic Report of the President, observes: “The United States economy has created 5.3 million jobs since I was elected to office. Wage growth continued in 2018, with the lowest-earning workers experiencing the strongest gains. By the fourth quarter of 2018, real disposable personal income per household was up more than $2,200 from the end of 2017. The national unemployment rate reached a nearly 50-year low of 3.7 percent in September 2018, hovering at or below 4 percent for 11 consecutive months— the longest streak in nearly five decades. Opportunity is expanding so fast that there are more job openings in our economy than there are current job seekers.”

James Hohman at the Washington Post notes that “It’s peculiar to watch Democratic candidates warn in apocalyptic terms that Trump is disregarding sacred norms and thereby destroying the republic in one breath while calling for radical steps like packing the Supreme Court, changing the way we pick presidents, ending private health insurance or paying out reparations in the next.
read more…

The NY Times remembers Alan Krueger.

Policy and Government

The New York Times among many others reports the tragic death of labor economist Alan Krueger whose work included challenging the insidious use of non-compete agreements to suppress wages and challenging the abuse of occupational licensing rules:

“’It was the ability to be both interesting and credible — that was his great gift,’ said Lawrence H. Summers, who taught Mr. Krueger at Harvard and later worked with him in the Obama administration.”
read more…

Founders 

Steve Moore 

Dr. Arthur B. Laffer

Steve Forbes

Executive Director

Jon Decker

 ————————————

Moore

 

Stephen Moore

Club 4 Growth Founder, Heritage Economist, Wall Street Journal Writer

@StephenMoore

________

 

Laffer

Dr. Arthur B.  Laffer

Founder and Chairman of Laffer Associates

@LafferCenter

__________

 

 

forbes

Steve Forbes

Editor In Chief of Forbes Media

@SteveForbesCEO

__________

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Welcome To The Committee To Unleash Prosperity

Subscribe to receive our updates-

Register for FREE to receive updates

______________________________________________________

Founders 

Steve Moore 

Dr. Arthur B. Laffer

Steve Forbes

Executive Director

Jon Decker

 ————————————

Moore

Stephen Moore

Club 4 Growth Founder, Heritage Economist, Wall Street Journal Writer

@StephenMoore

________

Laffer

Dr. Arthur B.  Laffer

Founder and Chairman of Laffer Associates

@LafferCenter

__________

forbes

Steve Forbes

Editor In Chief of Forbes Media

@SteveForbesCEO

__________

NEWS and BLOG

Jamie Dimon: The US economy only grew at 20% over the past decade when it should have grown at 40%.

 Yahoo Finance reports that Jamie Dimon, CEO of JP Morgan Chase, sounding like a true blue supply-sider, observed that the US economy grew only 20% over the past ten years when it should have grown 40% largely due to bad tax, regulatory and tort policy, but also advancing to skills training (a leaf out of Gary Becker’s Human Capitalism):

Speaking at an event from the firm’s New York headquarters, Dimon acknowledged that the global economy over the years has “grown enormously….It’s lifted billions of people out of poverty. It’s done quite well. It does not mean there aren’t flaws. I think we should distinguish that,” Dimon said. However, he pointed out that the American economy has grown 20% in the last decade, but argues that it should have been 40%. “A normal recovery would have been 40%. And we made a list of all the reasons why — infrastructure, bad taxation to litigation, to regulations stopping the formation of small business. But a big one is skills,” Dimon said. On Monday, JPMorgan Chase, the largest U.S. bank, announced a $350 million investment to help people train for the future of work ….”

***White House Releases Economic Report of the President***

Policy and Government

President Trump, in the 2019 Economic Report of the President, observes: “The United States economy has created 5.3 million jobs since I was elected to office. Wage growth continued in 2018, with the lowest-earning workers experiencing the strongest gains. By the fourth quarter of 2018, real disposable personal income per household was up more than $2,200 from the end of 2017. The national unemployment rate reached a nearly 50-year low of 3.7 percent in September 2018, hovering at or below 4 percent for 11 consecutive months— the longest streak in nearly five decades. Opportunity is expanding so fast that there are more job openings in our economy than there are current job seekers.”

James Hohman at the Washington Post notes that “It’s peculiar to watch Democratic candidates warn in apocalyptic terms that Trump is disregarding sacred norms and thereby destroying the republic in one breath while calling for radical steps like packing the Supreme Court, changing the way we pick presidents, ending private health insurance or paying out reparations in the next.
read more…

The NY Times remembers Alan Krueger.

Policy and Government

The New York Times among many others reports the tragic death of labor economist Alan Krueger whose work included challenging the insidious use of non-compete agreements to suppress wages and challenging the abuse of occupational licensing rules:

“’It was the ability to be both interesting and credible — that was his great gift,’ said Lawrence H. Summers, who taught Mr. Krueger at Harvard and later worked with him in the Obama administration.”
read more…

Subscribe to receive our updates-

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