Are we guilty of “confirmation bias?”  This is a built in tendency to favor evidence that supports our current beliefs and to dismiss evidence that challenges them.
I have wondered about this when researching the new stimulus proposal. As I’ve read the WSJ or the NY Times, or watched CNN, have I just listened to the [...]

The recession is affecting all areas of the country.  Stores are dropping prices, people are losing their jobs, and schools are canceling…school.
At Mountainville Academy, a charter school in Alpine, Utah, poor money management and a recessing economy have taken a large toll. Last year the school ran a budget deficit and hoped to pull out of it this year. [...]

In a spirit of Thanksgiving, I’d like to give thanks for Obama’s appointment of Christine Romer to lead the Council of Economic Advisers.  Romer, an economics professor at Berkeley, has published papers that conclude “tax increases are highly contractionary” because of “a powerful negative effect of tax increases on investment.”  As if that weren’t enough [...]

Throughout the presidential elections, I heard Obama repeat over and over that his tax cuts would apply to 95% of working families.  These are families that make under $250,000 a year.  He stated that by cutting taxes for these families, they would have more money to put back into the economy.  Sure, he is correct. [...]