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Louis R. Woodhill
Louis R. Woodhill, an engineer and software entrepreneur, is on the Leadership Council of the Club for Growth. He can be reached at smia1948@hotmail.com.Subscribe to Louis R. Woodhill RSS Article Feed.
Recent Articles
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- Sorry, but Capitalism Did Not Fail - March 23, 2009
- Every night, men from the U.S. Bureau of Standards sneak into the Free Market Sawmill and the offices of Capitalism Builders and replace all of the rulers and tape...
- One Way to Deal With Toxic Assets - January 23, 2009
- Unfortunately, shortly after the TARP funds were voted, the Treasury Department decided that the money could not be used for its intended purpose because there was no...
- Why 'Stimulus' Will Not Work - January 16, 2009
- The definition of “insanity” is, “doing the same thing over and over again, expecting a different result”. Given the failure of “stimulus” everywhere and...
- Why the Economy Is In a Tailspin - December 9, 2008
- Given that the Fed has been offering banks an above-market return for sitting on their money, it is not surprising to find that this has been exactly what they have been...
- The Steps Necessary to Save GM - November 17, 2008
- 3. Repeal the Corporate Average Fuel Economy (CAFE) law, which prevents U.S. companies from specializing in the large vehicles that they can make and sell at a...
- The Shocking Cost of the Housing Boom - October 14, 2008
- In 1999, each dollar TFA produced $0.379 of GDP. As the housing boom took hold and capital was misallocated from business investment to housing, the GDP/TFA ratio fell...
- Let's Call Off the Recession - October 8, 2008
- Recessions are staggeringly expensive. Let’s look at a case where the looming recession reduces 2008 GDP growth from an average of 2.0% to 1.0%, causes the economy to...
- Higher Taxes Would Lead Us to Recession - September 22, 2008
- The ratio between GDP and capital employed is higher during economic booms and lower during recessions. It was 40.1% during 1966, which was the peak year of the 1960s...
- The Dollar: Why Judge Poe is Right and Ron Paul is Wrong - September 11, 2008
- The U.S. government currently owns about 215 million ounces of gold. At the current market price of gold ($752/oz), this is worth about $162 billion. If we emptied...
- Time for a Modern Gold Standard - June 17, 2008
- Because Mr. Forbes is correct in saying that the only way out of our current economic and financial chaos is for the Fed to stabilize the dollar, two points must be...
- China Demands a Revaluation of the 'Inch' - January 30, 2008
- “Fixed exchange rates are obsolete,” declared Zhou en-Wang, a spokesman for China’s Central Bank. “We have revalued the yuan, which was fixed against the dollar...
- It's Time to Rescue the Dollar - January 18, 2008
- “There is no subtler, surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law...
- Tax Cuts Will Solve Our Unfunded Liabilities Problem - January 15, 2008
- In contrast, the PV of the “unfunded obligations” of Medicare and Social Security total almost 43% of the PV of future Federal tax revenues. Throw in the Treasury...
- The FairTax Crowd Answers Jerry Bowyer - January 11, 2008
- Q. Why do you think that a sales tax is less prone to corruption and complexity than an income tax?A. There are three major reasons that the FairTax would be less...
- The FairTax Helps Explain Huckabee's Rise - January 10, 2008
- First, a “revenue-neutral” FairTax would reduce the taxes paid by tax-law-abiding Americans as a group. This is because the FairTax would collect taxes from people...
- The Fair Tax Is About Economic Growth - December 21, 2007
- Right now, the Social Security Trustees forecast the real long-term growth rate of the U.S. economy at about 2.0% per year. This is a reasonable projection of what...