Economic Commentary - The New American

Senator Rand Paul’s National Right-to-Work Act

Senator Rand Paul's introduced his National Right-to-Work Act on January 31. His legislation is well-timed, considering the shift from forced unionism states to right-to-work...

Bob Adelmann February 13, 2013

CBO Report: Gloomy, with Unrealistic Optimism

Bob Adelmann February 6, 2013

On its face the latest report from the Congressional Budget Office is gloomy enough, but careful sifting through it reveals excessive optimism that its...

Gold Standard Arguments Being Promoted Again

Bob Adelmann January 14, 2013

Two years ago Steve Forbes, two-time candidate for nomination for president by the Republican Party and editor of Forbes magazine, predicted “a return to the...

James M. Buchanan, Nobel Prize Winner in Economics, Passes at 93

Bob Adelmann January 10, 2013

The passing of scholar James Buchanan stills the voice of one who understood the fact that men, without Constitutional constraints, will vote themselves...

Fiscal Cliff Repercussions

Charles Scaliger January 9, 2013

Now that President Obama and most of his key congressional allies are safely re-elected and the so-called “fiscal cliff” negotiated, the full consequences...

Latest Move by the Federal Reserve Raises Important Questions

Bob Adelmann December 13, 2012

All the chairman of the Federal Reserve has done in his latest announcement of a new bond-buying program is give himself and his...

More Evidence the Recession Has Started (Again)

Bob Adelmann December 11, 2012

Despite his firm defense of his call that the U.S. economy entered into another recession in July this year, Lakshman Achuthan of the...

Three Studies of States Show That Freedom Works Best

Bob Adelmann November 28, 2012

Each year 24/7 Wall St. publishes the results of its survey of all 50 states and then ranks them from top to bottom —...

Full Employment Not Expected Until After the Next Presidential Election

Bob Adelmann November 8, 2012

A Heritage Foundation study has concluded that a full employment recovery from the Great Recession isn't likely until after the next presidential election...

California Voters Pass $6-Billion-a-Year Tax Hike

Brian Koenig November 7, 2012

In the wake of the November 6 elections, voters have approved a number of contentious state initiatives, including a $6-billion-a-year bundle of tax...

Here Come the Taxes: In Every Aspect of our Lives

Jack Kenny November 5, 2012

On January 1, 2013, many new taxes are set to begin. Unless Congress and the White House can agree by year's end on...

Enough Spent on Welfare in 2011 to Give Every Poor Household Nearly $60,000

John Larabell October 31, 2012

According to an October 16 memorandum prepared by the Congressional Research Service (CRS) for the Senate Budget Committee, the federal government spent $746...

Economists Say Tax Hikes Will Curb Economic Growth

Brian Koenig October 26, 2012

As the deadline to extend the Bush-era tax cuts looms, economists have agreed that the pending tax hikes would be devastating to the...

Former U.S. Comptroller Says U.S. Faces Fiscal “Abyss”

Bob Adelmann October 17, 2012

Former U.S. Comptroller General of the United States David Walker just finished another tour across the country promoting “fiscal reform and responsibility,” according to Forrest...