From 2015 to 2016, according to the Bureau of Economic Analysis, California’s Gross Domestic Product rose 4.1 percent while Texas dropped 1.4 percent—right at the edge of recession. Once again conservative economists have been proved wrong: high taxes in the…
In praise of Asian monarchs: past and present
In late May 1992, against the advice of the State Department, I travelled to Thailand for a two-week visit. There had been a military coup the previous year, and on May 17, an estimated 200,000 Thais gathered in Bangkok to…