In the history of the NCAA Basketball Tournament, a 16th seed has never, ever, beaten a one seed...until this year.  But, on Friday, the University of Maryland, Baltimore County (UMBC) beat the University of Virginia – not just a number one seed, but the top ranked team in the USA. We don't expect the unexpected, [...]

The current recovery started in June 2009, 105 months ago, making it the third longest recovery in U.S. history. The longest – a 120-month recovery in the 1990s – saw real GDP expand an annual average of 3.6%.  The current recovery has experienced just a 2.2% average annual growth rate – what we have referred [...]

The US doesn't face "secular stagnation" caused by outside or uncontrollable forces, like foreigners (and bad trade deals), technology that steals jobs, or Unions that are too weak.  Growth is slow because government has grown too big. In 2000, non-defense government spending was just 14.7% of GDP.  President Bush's "compassionate conservatism" - followed by TARP, [...]