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
 
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
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