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Billionaire Elon Musk has made a name for himself recently by mocking the left’s nonsensical multitrillion-dollar economic agenda. Two major media personalities have said he’s a good fit to replace Federal Reserve Chairman Jerome Powell. Forbes Media Chairman Steve Forbes and Fox Business host Larry Kudlow both gave the world’s richest man their endorsement for the top position at the Fed during the Dec. 16 edition of Kudlow. During the beginning of his segment with Forbes, Kudlow asked: “[W]hy doesn't Jay Powell and the Fed have the backbone to take aggressive action to curb record-high inflation? By the way, if...

White House Press Secretary Jennifer Psaki shocked the internet when she drastically shifted the talking points on President Joe Biden’s major tax hike plans. Fox Business wasn’t having it. Psaki clarified during a press briefing Wednesday that “families” with household incomes totaling over $400,000 will see their taxes increase. The statement appeared to directly contradict Biden’s indication that individuals — not families — would see taxes increased during an interview with ABC News that aired the same day: “Yes, anybody making more than $400,000 will see a small to a significant tax increase … If you make less than $400,000,...

Corporate media and the Left aren’t satisfied with merely controlling the White House and both chambers of Congress in less than two weeks. They want revenge. They also want to punish anyone who worked in the Trump administration and, to a lesser extent, the 45th president’s supporters. On Thursday, in what was the most recent and possibly the most egregious example, Randall Lane, Forbes’ chief content officer, announced that Forbes Media was “holding those who lied for Trump accountable” in what he called “a truth reckoning.” Lane claimed that the media group was taking this unprecedented action in response to...

GOP plaintiffs moved to dismiss pending lawsuits in Pennsylvania, Wisconsin, Michigan and Georgia Monday morning that targeted ballots in Democratic counties and attempted to block the states from certifying their election results, marking a noticeable shift in Republicans’ post-election legal strategy days after the Trump campaign and GOP suffered a series of failures in court Friday. ================================================================================ Key Facts Three Wisconsin voters, backed by conservative group True the Vote, voluntarily dismissed a lawsuit that sought to block the state from certifying votes in several Democratic-leaning counties, claiming their votes had been diluted because of alleged voter fraud and “illegal” votes...

This piece by Dr. Ashish K. Jha, Director of the Harvard Global Health Institute, is absolutely crucial reading, especially by Washington policymakers handling the COVID-19 crisis. It puts forth the steps that must be taken immediately if we are to reopen the economy as soon as possible without a resurgence of this ghastly disease. The key is a rapid ramp-up of testing: The COVID-19 pandemic is taking an unprecedented toll on Americans and on the country’s daily life. President Trump has said he wants to open up again—we all do. The real question is how we reopen in a way...

Full title: Steve Forbes: Rich people don't need your money to buy electric cars -- Let's get real about EV tax creditsAmericans who want to drive electric vehicles should absolutely be free to do so. But the rest of us should not be forced to subsidize their expensive, environmentally questionable choice of cars. Liberal environmentalists have long touted electric vehicles (EVs) as an affordable, low-emission option for middle-class American families, even though the electricity used to power them is most often generated by fossil fuels and the buyers are rarely middle class. The soon-to-expire tax breaks that EV owners receive...

HERE'S A HUGELY winning issue for President Donald Trump that would deal with a gross trading abuse and simultaneously advance his goal of reducing the prices of prescription drugs: Insist that foreign buyers of American pharmaceuticals--almost without exception government agencies--pay their fair share of the research and development costs of these medicines. Currently, Americans are subsidizing overseas users of our drugs. Here's how that works. The average price of successfully bringing a new medicine to market in the U.S. is about $2.4 billion. The entire approval process takes some 12 years before a drug receives its final green light. The...

TWO BIG THINGS threaten the improving U.S. economy: a weak dollar and trade protectionism. Both routinely seduce policymakers, and both always result in bitter aftermaths with terrible political consequences. Yet some in the Trump administration are playing with both--and with fire. 1) The dollar. Great nations do not have weak currencies. Nonetheless, with a surety born of ignorance, Treasury secretary Steven Mnuchin has bluntly stated his desire for a weak dollar. Thankfully, President Trump immediately contradicted him. But the fact that Mnuchin and his department want to undermine the value of our currency is troubling. Mnuchin has bought into the...

Warts and all, if I were a voting member of Congress, I would certainly cast a yea for the tax-cut plans passed by the Senate and House that are headed for conference (to work out minor differences) in the weeks ahead. These bills are not perfect, especially on the individual side. But the business tax cuts will generate an investment boom in the years ahead. And those cuts will bring economic growth back to its historical norm of three to four percent. Incredibly, the Joint Committee on Taxation, or JTC, scored growth for the Senate plan at less than one...

President Barack Obama is making sure that his administration spends its last days in power by piling on more rules and regulations on private industry, and Republicans have failed to push back. That’s the message from publisher Steve Forbes in a magazine editorial published on its website. “The Obama Administration has let it be known that the White House and the regulatory agencies will be issuing a blizzard of new rules and decrees in the waning months of his miserable regime,” Forbes writes. “These will affect overtime, unionization, the environment and finance, among other areas, thereby hobbling enterprise even more.”...

When candidate Donald Trump announced his candidacy to run for President last year we knew immediately there would be a seismic shift in the political landscape. Those who have followed politics in the last 8+ years suspected the 2016 race would inevitably boil down to Globalists -vs- U.S. Nationalists.

Former U.S. Sen. Tom Coburn on Monday endorsed U.S. Sen. Marco Rubio for the GOP presidential nomination and said Donald Trump was 'perpetuating a fraud'. Coburn, a Republican who was Oklahoma's most popular political figure when he resigned in early 2015......

Echoing the recent sentiments of Steve Forbes, this week Republican presidential contender Ted Cruz told a group in New Hampshire: "Money is ... a unit of measurement. So, the reason why we see these rapid oscillations in commodities markets, it's because of unstable currencies. And it's why I think we should look at going toward rules-based money supply, ideally tied to gold, so you have stability." Perhaps this will trigger another flood of disagreement in the mainstream press, such as the recent New York Times item which reported that 40 out of 40 "leading economists" said that a gold standard...

This is another example of an interview of a man who, like Reagan, has been consistent in his ideas, his solutions and his temperament. In the interview, he says that Ronald Reagan was our greatest president, he says if he would ever run for president it would be as a republican, he talks about China again.

Link only: http://www.bloombergview.com/articles/2015-12-22/why-trump-and-cruz-aren-t-forbes-or-cain

LOST AMID all the fireworks in that CNBC debate of the GOP presidential candidates was the answer Texas Senator Ted Cruz gave to a question about the Federal Reserve, advocating that the dollar be tied to gold. Other than Ron Paul, who has long been a gold-standard advocate, and his senator son, Rand, no other presidential candidate has pushed serious monetary reform since yours truly ran 16 years ago. This is stunning, given the immense damage our central bank has inflicted on the U.S. and the global economy. In fact, few economists, politicians or pundits are even aware of the...

Former US Presidential candidate and publisher of Forbes Magazine, Steve Forbes, used the platform of his magazine to pen an open letter to the prime minister and finance minister of Greece, Alexis Tsipras and Yanis Varoufakis. The full text of his letter appears below. ______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ Dear Prime Minister Tsipras and Finance Minister Varoufakis: You may have won a four-month reprieve of sorts from your creditors, but your situation is desperate, and everyone knows it, most particularly Europe’s paymasters, the Germans. As you just painfully learned, your ability to blackmail your creditors is a fraction of what it once was. Businesses,...

Paul Bedard June 3, 2014 Influential financial publisher and former presidential candidate Steve Forbes is out with a new warning that the U.S. faces an economic catastrophe due to the Federal Reserve's loose dollar policy, and returning to a strict “gold standard” is the only way to avoid disaster. In Money: How the Destruction of the Dollar Threatens the Global Economy -- and What We Can Do About It, Forbes blames President Obama's money team for the stagnant economy, high prices, declining mobility and big government. "[The Fed's] vastly misguided monetary policies are now setting the stage for a new...

(This cover of the eminent Economist says it all.) The resounding victory of N.J. Governor Chris Christie has people speculating about the 2016 presidential race, particularly on the Republican side, since it’s a given among pols and pundits that Hillary Clinton’s nomination for the Democrats is a foregone conclusion (it isn’t, but that’s another discussion). The ObamaCare debacle and the foreign policy crises resulting from the President’s weakening of American power will be in the forefront. So will the economy. And it’s in this area that candidates must exhibit an understanding that has dangerously eluded too many policymakers and...

If the sluggish U.S. economy wasn’t reason enough for tax reform, the ongoing IRS scandal demonstrates how a devilishly complex tax code enables government mischief. But the flat tax — a longtime policy goal for many on the right — isn’t the realistic answer to either problem. Flat-tax advocates see headlines about an out-of-control IRS as a chance to put the idea back on the public-policy radar in way it hasn’t been since the 1990s. “This is why you need a flat tax,” Wall Street Journal economics writer Stephen Moore told Fox News recently. “If you get rid of two-thirds...