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.

No, it’s not a crash. It’s not even a correction, at least not yet. The stock market fell 1,175.21 points on the Dow yesterday to 24,345.75....
Nancy Pelosi

Nancy Pelosi dismissed the bonuses associated with recently enacted tax cuts for middle-class individuals as "pathetic" and mere "crumbs." For someone who lives in the...
economy

Everyone knows that the stock market is soaring, perhaps too much. The Dow went up 24 percent in 2017. That's not a record, to be...
Jobs report

The December jobs report, out this morning, reported 148,000 new jobs in December while the unemployment rate stayed steady at 4.1 percent. The number of...
taxes

The New York Times had a startling headline in the print edition this week, above the fold and in the left-hand column no less: "With Red Tape...
cash

The digital revolution has sent many technologies into the Smithsonian: typewriters, carbon paper, film, car keys, cathode ray tube TVs, solitaire with actual playing cards,...
Alpha Centauri

You can't criticize NASA for failing to plan ahead. It is now in the earliest stages of planning an expedition to our nearest stellar neighbor, Alpha Centauri....

Clifford Irving, who died yesterday at the age of 87, was only a moderately successful journeyman author of fiction and non-fiction books. Few outside of...
Oumuamua

The solar system received an extraordinary visitor this fall: an object from another solar system, the first such object ever recorded. It was at first classified...
Tom Steyer

The billionaire political activist Tom Steyer has put out a series of ads calling for the impeachment of President Trump. "Donald Trump has brought us to the...
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...