Articles by Jon N. Hall

Shrink the Fed Before It Shrinks the Dollar

At Tea Party rallies and at other get-togethers over the last two years, one could often see placards reading: "End the Fed." One might conclude that there's a movement afoot in America to abolish our central bank, the Federal Reserve. Read More

How Would Congress Balance the Budget In Just One Day?

If an emergency arose where Congress had to balance the federal budget in just one day, how would they do it without printing money? Congress couldn't do it by increasing revenue, as economic growth takes time to work and tax hikes would tank the economy. Congress Read More

Tea Party Clarity on the Deficit

Despite the hegemonic control they've enjoyed since January 2009, Democrats continue to blame George W. Bush for everything, especially the budget deficit. Democrats trot out the "Clinton surpluses" from 1998 through 2001. But were there any surpluses? Read More

Money Is Still Money, Isn't It?

The emphasis on America's total federal debt deflects our attention from a more pressing matter. Rather than the aggregate number, what the media should focus on more intensely is the yearly number: the deficit. Read More

Shared Sacrifice in Obamaland

Over the last 50 years the federal government has run budget deficits exactly 90 percent of the time. Most of the American people never seemed very concerned about it, but Tea partiers correctly see the mounting federal debt as a serious threat to their children's Read More

Obama and the Age of Reaganomics

Certain ideas get so firmly fixed in some folks' brains that no amount of evidence can dislodge them. Such ideas become articles of faith. And one article of faith that is particularly deeply stuck in the minds of "the faithful" is: Reaganomics doesn't work. Read More

The Price of Everything

Irish wit Oscar Wilde observed that a "cynic is someone who knows the price of everything and the value of nothing." Read More

Federal Revenue and the Economy

The Office of Management and Budget reports that total federal revenue more than doubled every decade from 1940 to 1980 (Table 1.3, tables). And from 1980 to 2000, total federal revenue almost doubled every decade, going from $517 billion in 1980, to $1.032 trilli Read More

Counting Foreigners in the U.S. Census

The federal government is currently conducting its decennial exercise: the census. Some may think the Constitution requires the feds to conduct the census in a certain manner. But there are only two iterations of the word "census" in the entire Constitution. Read More

The Dollar's Demise is Not Inevitable

In a recent American Thinker article, "The Dollar's Inevitable Demise," author Vasko Kohlmayer compares the federal debt to the American economy, or GDP. Mr. Kohlmayer begins his article by correctly pegging GDP at "roughly $14 trillion." Then he trots out the "tot Read More

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