Lessons from Chile

Hernan Buchi, former minister of finance in Chile, recently published a new book called “The Economic Transformation of Chile” (link) where he outlined comprehensive economic reforms that boosted economic growth, lowered unemployment, reduced poverty and set the stage for more than two decades of robust growth and an economic turnaround which has been unprecedented . . . → Read More: Lessons from Chile

Don’t Repeal/Litigate, Nullify/Interpose!

Well, they’ve gone and screwed it up — 14 state attorneys general have filed lawsuits against ObamaCare.

If the states really want to beat ObamaCare, litigation isn’t the way to go about it. Nullification/interposition is.

In litigation, the parties accept that the courts have jurisdiction over this or that issue, and walk away with . . . → Read More: Don’t Repeal/Litigate, Nullify/Interpose!

Today’s Economic Events

Durable Goods Orders will be announced at 8:30 AM, and the consensus is a gain of 1.0% over January.  Last month, orders were up by 2.6%, and regional surveys indicate that demand for durables is still on the rise.

The monthly new home sales report will be reported at 10 AM, and the consensus . . . → Read More: Today’s Economic Events