Author Archive

JOHN STEELE GORDON

JOHN STEELE GORDON

John Steele Gordon is the author of John Steele Gordon, a frequent contributor, is an economic historian and the author of, among other works, An Empire of Wealth:The Epic History of American Economic Power.

tax code reform

The Democrats seem to have three and only three principles when it comes to tax policy. 1) Oppose any and all Republican tax proposals. 2) Insist that...
1987

Thirty years ago today—October 19th, 1987—the bottom dropped out of the stock market. After the Federal Reserve had stopped the rampant inflation of the 1970's by...
Science

One of the great events in the history of astronomical observation took place last August 17th. Two neutron stars, 130 million light-years away, spiraled in towards...
columbus day

With the NYPD giving the statue of Christopher Columbus in New York’s Columbus Circle 24/7 protection from self-appointed moral vigilantes, this Columbus Day is a...
Sputnik

The world changed profoundly sixty years ago today. On October 4th, 1957, the Soviet Union launched Sputnik I into a low earth orbit, and the...
taxes

Ben Steverman of Bloomberg News has an article up entitled, “Why American Workers Pay Twice as Much in Taxes as Wealthy Investors.” In it, he shows how an...
Cassini

When I was a boy, maybe 10, I hauled an old four-inch refracting telescope that my great aunt kept on the veranda of her summer...
Language

An insidious form of political correctness is creeping into the English language on little cat feet. It probably started with the word Koran, which has been in the...
national debt

Is there a solution to the ever-spiraling national debt? Sure, but it won’t be easy, as the beneficiaries of the status quo—members of Congress—will have...
debt

Last Friday, September 8th, 2017, the national debt of the United States went over $20 trillion. This compares with an estimated GDP of $19.3 trillion. For...
debt

Along with getting Congress to increase the debt ceiling so that the government can pay its bills, at least until December, President Trump also suggested...
Harvey

The latest estimate is that about 27 trillion gallons of water fell from the skies. That's 27 followed by 12 zeroes. That's the contents of...