U.S. Government’s Interest Costs to Quadruple in 10 Years
On Tuesday, the Wall Street Journal reported that the federal government will be paying $800 billion annually just to service the interest on its massive debt by 2025, up from just...
Economic Commentary
True Unemployment Rate Is Far Higher Than 5.6 Percent
Americans may not be too surprised to learn that the 5.6 percent unemployment rate the U.S. Department of Labor is touting is entirely misleading; it's currently 12.6 percent. ...
United States Remains in 12th Place in Economic Freedom
The United States' 12th place in the world this year in economic freedom will be corrected downward in the next few years as more federal regulations kick in. ...
Human Progress Is Accelerating, Says Cato
The Cato Institute has accepted the challenge to offer the bright side to the mainstream media's often dismal view of the world. ...
“Everything is Awesome” in America? So Says Liberal Writer
Using manipulated economic numbers, a liberal writer makes the case that the Obama economy is robust. ...
Underlying Economic Indicators Confirm Dow’s Record Run
Remarkably, the economic patient is slowly beginning to recover from its overdose of enforced remedies inflicted on it by the fixers. ...
Oil Market: Lower Gas Prices not the Only Reason to be Thankful
It's a delight to behold: Lower crude oil prices are reducing gas prices while simultaneously moving America away from the dangerous energy dependence of the past. ...
European Central Bank Taking a Page From Federal Reserve’s Playbook
On November 21, European Central Bank President Mario Draghi announced that the ECB would be pumping more money into the euro bloc to fight what he called “excessively low” inflation. ...
Black Friday Protests Planned at Walmart
The day after Thanksgiving a group of Walmart workers plans to strike to protest certain company policies. Specifically, the group wants Walmart to phase out its minimum-wage jobs. ...
Prediction: Economic Collapse, Civil Unrest in America by 2016
Violence. Rioting. Looting. Economic collapse and civil unrest. This isn’t a dystopian movie plot, but something else according to an economist with a good track record for prognostication: America’s dark future....
Hillary Claims Corporations and Businesses Don’t Create Jobs
“Don’t let anyone tell that, ah, you know, it’s corporations and businesses that create jobs,” Hillary Clinton proclaimed to loud applause at a political rally in Boston on October 24. “You...
National Debt to be $27 Trillion in 10 Years, Says the CBO
The Congressional Budget Office offered no solutions as to how to pay off the burgeoning national debt; it just reports the facts. ...
China’s Economy Now Number One? Not Quite
There are many lessons to be learned in the International Monetary Fund report claiming China's economy has surpassed that of the United States. First, not every number is to be believed....
The “Certificate of Need” Con
So-called “Certificate Of Need” laws in the healthcare sector prevent new competitors from entering the market and reward the current dominant players. It is a corrupt cartel system that prevents innovation...
Obama’s Economy: Spin vs. Reality
“By almost every measure,” Obama recently boasted, “the American economy and the American workers are better off than when I took office.” But what's the reality? ...