Identity Verified Thinker in Economics / Political Economy
Charles Kadlec
Charles Kadlec
Charles Kadlec is the founder of the Community of Liberty. His columns appear on Forbes.com, RealClearMarkets, and The Wall Street Journal. Prior to the founding of Community of Liberty, Mr. Kadlec was a Managing Director at J & W Seligman & Co., and President of Seligman Advisors in New York City
 
Mar. 2, 2011 6:23 pm
This article was originally published on Forbes.com on March 1, 2001 Greed: The word itself has become central to the political debate over the budget, taxes, union benefits, what constitutes ethical behavior, and the shape of our society. The problem is the indiscriminate use of the word has blurred its meaning. Those on the left use the word as an epitaph against the successful as...  Read More
Jan. 17, 2011 4:55 pm
Today we join Americans of all faiths, ethnicities and backgrounds in honoring Martin Luther King Jr. for his contributions to our nation, our culture, and our understanding of the nature and centrality of justice as we strive to create a more perfect union. In his elegant tribute, entitled simply: “ Martin Luther King, Jr .” Peter Wehner quotes at length from Dr. King’s sermon at Dexter Avenue...  Read More
Jan. 13, 2011 10:05 am
Serving the “public interest” is a lofty goal. But how does a government official know exactly what programs or regulations would achieve that goal and thereby produce social value? Growing a business by satisfying customers is a similar goal. But how does an executive know what profitable products or services will achieve that goal, and thereby provide the requisite financial resources to...  Read More
Jan. 11, 2011 3:45 pm
I am offended by those who smear the “Tea Party” by claiming its members, and the ideas they support, contributed to the horrifying and horrible shooting of Congresswoman Gabrielle Giffords and the murder of at least 6 other individuals on a shopping center sidewalk in Tucson Arizona. I do not take lightly the allegation that I, and others who support the outspoken opposition to this – or any...  Read More
Dec. 28, 2010 8:40 pm
The one part of the Compromise Tax Bill that made me uncomfortable was the provision to reduce the Social Security payroll tax paid by employees by 2 percentage points for the year 2011. But until I read “ Democrats are Right to Attack Obama Tax Cut Deal ” by Amity Shlaes, I could not put my finger on exactly why. I thought perhaps it was because the temporary nature of this tax cut would...  Read More
Dec. 21, 2010 12:23 am
Just as art can lead culture, intellectuals reacting to failed policies often point the way to a new political consensus. The article in today’s Wall Street Journal , “ The Case Against Floating Currencies ,” by Manuel Hinds is today’s Liberty Search because it is one more indication that we are at the beginning of the end of the 40-year experiment which has given the U.S. Federal Reserve and...  Read More
Dec. 17, 2010 8:13 pm
Every once in a while, a news report can shift the way we think about the world. One such example is “ Not Really 'Made in China' ” by Andrew Batson in The Wall Street Journal . And that is the reason I selected it for today’s Liberty Search. According to an academic study sited in the article, half of the U.S. $227 billion trade deficit with China is the result of the use of an antiquated,...  Read More
Dec. 16, 2010 5:05 pm
In “ The Political Consequences of the Peace ,” Ralph Benko makes the case that the breakout of peace is at the heart of the rapid growth in the membership and political power of the Tea Party movement. Although nuclearizing rogue states such as North Korea and Iran are a significant danger to the U.S. and the rest of the world, Benko points out that they do not represent a “mortal threat” to...  Read More
Dec. 15, 2010 2:00 pm
This article was published originally by Forbes.com on December 14, 2010 The "Tax the Rich" mantra invoked by liberals and progressives is a con job. It misrepresents the target of the tax, deflects attention away from the true consequences of the higher tax rates that they advocate, and often is a precursor to higher tax rates on low- and middle-income families. Part I of The 'Tax The...  Read More
Dec. 14, 2010 4:48 am
This article was originally published by Forbes.com on December 13, 2010 One of the key talking points for raising tax rates on those with high incomes is that such a tax increase will "force millionaires and billionaires" to pay more of the cost of government. This part of the "tax the rich" mantra sounds good. It promises the majority of voters something--reducing the federal budget...  Read More
Dec. 14, 2010 4:38 am
This article was originally published by Forbes.com on December 10, 2010 The Democratic Party's passionate opposition to President Barack Obama's agreement to extend all of the current personal income tax rates is based on one of the great political con jobs of the last 100 years--that raising the top personal income tax rates is a way to "tax the rich." The "tax the rich" mantra is...  Read More
Dec. 13, 2010 11:48 pm
This article was originally published by Forbes.com on December 13, 2010 One of the key talking points for raising tax rates on those with high incomes is that such a tax increase will "force millionaires and billionaires" to pay more of the cost of government. This part of the "tax the rich" mantra sounds good. It promises the majority of voters something--reducing the federal budget...  Read More
Dec. 13, 2010 11:38 pm
This article was originally published by Forbes.com on December 10, 2010 The Democratic Party's passionate opposition to President Barack Obama's agreement to extend all of the current personal income tax rates is based on one of the great political con jobs of the last 100 years--that raising the top personal income tax rates is a way to "tax the rich." The "tax the rich" mantra is...  Read More
Dec. 8, 2010 12:49 pm
The world is entering again a dangerous period of monetary nationalism and instability. The Brazilian finance minister warns of currency wars not unlike those that contributed to the severity of the Great Depression. The Federal Reserve pursues a second round of quantitative easing, fueling yet another price bubble, this time in global commodities and foreign debt. The United States...  Read More
Dec. 6, 2010 5:03 pm
This article was originally published by Forbes.com on December 6, 2010 The sovereign debt crisis now threatening Europe, as well as major American states and cities, discloses the sheer incompetence of a political class that has over-promised, under-delivered and squandered vast amounts of their citizens' wealth. Greece, Ireland, Spain, Portugal, California, Illinois, Los Angeles and...  Read More
Dec. 3, 2010 2:26 pm
In my Best of the Web selection for today, “ Obama & Co., Growing Up Fast ,” Victor Davis Hanson points out that from Athens to Washington to Sacramento, the political class is again discovering these basic truths of human life and human nature.  It has been an expensive learning experience.  Trillions in debt have been piled up, and promises of government-funded largess have been made in the...  Read More
Nov. 23, 2010 5:31 pm
The Obama Administration has responded to the outcry over invasive and demeaning enhanced pat downs at American airports by, in far more soothing words, telling the American people to shut up and do as your told. John Pistole, Transportation Security Administration Administrator said Sunday on CNN’s “State of the Union” that the TSA is “really the last line of defense…to keep the traveling...  Read More
Nov. 22, 2010 4:20 pm
This article was published originally by Forbes.com on November 22, 2010 The stage has been set for a surge in the price of oil to more than $100 a barrel. The culprit is not the Organization of Petroleum Exporting Countries, nor China and the developing world's growing demand for energy--though they will surely be blamed. Oil prices are not headed higher because we are running out of...  Read More
Nov. 19, 2010 7:14 pm
Good news: “monetary policy” is back on the political agenda.  As Seth Lipsky writes in his November 17th Wall Street Journal op/ed, “ Ron Paul’s Golden Opportunity ,” Congressman Paul, one of the most thoughtful individuals in the Congress on monetary policy, is in line to chair the House subcommittee that oversees the Federal Reserve. Monetary policy is rightfully a political issue because a...  Read More
Nov. 19, 2010 7:10 pm
The sovereign debt crisis discloses the sheer incompetence of the political class throughout Europe and the United States.  Greece, Ireland, Spain, Portugal, California, Illinois, Los Angeles, Chicago are simply the poster children for how elected officials have engaged in reckless and irresponsible management of either their economies, their banking system, or their respective government’s...  Read More
Nov. 19, 2010 7:04 pm
In the November 16th Wall Street Journal , one of my favorite authors, George Gilder, shows how California’s venture capitalist, led by Al Gore, have used their political power to require California citizens to purchase electricity from their grossly inefficient companies in the name of “green energy,” thereby reducing the risk to their capital, and eliminating the need to meet the test of the...  Read More
Nov. 12, 2010 8:34 pm
by Charles W. Kadlec T his article was originally published by Forbes.com on November 10, 2010 A funny thing happened on the way to the G-20 meeting in Seoul, South Korea, this week: The world's growing dissatisfaction with U.S. policy toward the dollar has derailed the Obama administration's proposal to elevate trade balances as the reference point for currency values. Instead of...  Read More
Nov. 11, 2010 8:25 pm
This article was originally published on Forbes.com on November 8, 2010 Does the Republican landslide signal a rebirth of the American Revolution? Or is it evidence of a volatile, impatient, if not somewhat irrational electorate? The first possibility is the most intriguing--and far-reaching. A rebirth of the American Revolution would signal a turn away from the statism of the...  Read More
Nov. 8, 2010 2:24 pm
This article was originally published by The Wall Street Journal on October 28, 2010 When it meets next week the Federal Open Market Committee (FOMC) is widely expected to signal its desire to increase the rate of inflation by providing additional monetary stimulus. This policy is based on a false—and dangerous—premise: that manipulating the dollar’s buying power will lead to higher...  Read More
Oct. 24, 2010 10:59 pm
This article was originally published by Forbes.com on October 20, 2010 The famous community organizer was no statist.  Indeed, his book anticipated the Tea Party movement by 30 years. Rules for Radicals [i] is best known as the handbook for anyone who wants to understand the techniques used by successful community organizers from the time of its author, Saul Alinsky, to...  Read More
Oct. 15, 2010 6:15 pm
by Charles W. Kadlec This article was originally published by RealClearMarkets.com With the economy seemingly stuck in a low growth rut, there is little chance that the October  jobs report will show a break-out in employment growth during the month of September.  More than any other single data point, this disappointing result underscores the failure of the Great Keynesian experiment...  Read More
Sep. 16, 2010 3:33 pm
Significant increases in government spending reduce economic growth, whereas dramatic reductions in government spending are associated with an increase in economic activity. Those findings – which turn Keynesian economic theory upside down – were the results of research by Harvard Professors Alberto Alesina and Silvia Ardagna that examined 107 large fiscal adjustment, defined as a...  Read More
Sep. 14, 2010 12:39 pm
The mission of Community of Liberty is to inculcate the habits and virtues of living in liberty.  As such, commentaries about political figures, as opposed to political philosophy, are normally not of interest to this web site.  However, once in a great while, a commentary on a political figure transcends punditry and pop psychology and is so penetrating that it deserves to be read and considered...  Read More
Aug. 5, 2010 8:21 pm
I do not know who Jamal is.  I have never met him or corresponded with him.  I do not agree with everything that he says in his soliloquy:   "Why I am a Conservative" .  But listening to him, I was reminded of the power of the idea of living in liberty, of why the great strength of this country is the individuals who live here, and why I trust the common sense of the average American more than I...  Read More
Jun. 1, 2010 9:34 pm
A bedrock article of faith among all proponents of Federal government spending adds to aggregate demand , and therefore, has a positive effect on the overall growth of employment and the economy – hence the widely accepted sobriquet of “stimulus” for virtually all government hand outs and spending. But, in a breakthrough economic study by three Harvard Business School Professors, Lauren...  Read More
 
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