Tax the Poor!

By Dr. Harold A. Black blackh@knoxfocus.com As a young assistant professor, I was the faculty advisor to the student libertarian party at the University of Florida. We sold bumper stickers that said, “Taxation is Theft.” Mine was stolen. America has the most...

American Socialism

By Dr. Harold A. Black blackh@knoxfocus.com I was going to include a joke about socialism, but I realized that was redundant. Most of the opposition voiced over the Democrats’ $3.5 trillion spending bill has been its size. However, the bill should be opposed because...

Is Inflation Temporary?

By Dr. Harold A. Black blackh@knoxfocus.com I am often asked if the current inflation is permanent or transitory. The answer is “it depends.” The administration has tried to convince us that inflation is transitory. The Fed concurred. Nonetheless, the concern on the...

Is the Fed Independent?

  By Dr. Harold A. Black blackh@knoxfocus.com Although not a popular opinion, I have always been a fan of the structure of the Fed and the concept of Fed independence. It has its critics but show me a better system and I will favor it. The Fed consists of seven...