Entrepreneurship is popularly held to be the principal reason for the success of the U.S. economy, when contrasted with the failures of “Old Europe.” Yet if, as discussed here last week, U.S. productivity is increasing no faster than that in Europe, some seeds of doubt must be sown. Is there such a thing as too […]

Every year or so Bear’s Lair examines productivity, supposedly the engine of a remarkable economic revival in the United States in the last decade, and a rationale for ever rising stock prices. The publication March 24 by the Bureau of Labor Statistics of multifactor productivity trends leads once again to the inescapable conclusion: the productivity […]

The Senate Judiciary Committee Tuesday voted out an immigration bill directly contrary to that passed by the House of Representatives last year; it provided amnesty through a guest worker program for illegal immigrants, but included few significant enforcement measures either on the border or on employers. Since a “reconciliation” of two bills pointing in opposite […]