California Governor Jerry Brown is calling for higher taxes as lethargic economic growth has left his state in fiscal turmoil. Brown also mentioned that California would have to implement another $6...
Two Wall Street economists, Daniel Gross and Gary Shlling, look at the same jobs numbers and come to opposite conclusions, hoping to sell lots of books. ...
Karl Marx and Friedrich Engels, the purported founders of communism, established in the 19th century a government paradigm that transformed Europe and other regions in the eastern hemisphere, adding to an...
Five hundred pages of redactions. Mostly blank pages. That's what the public gets to see in the transcripts of the Federal Reserve Open Market Committee (FROMC) meetings for 2007-2010. The long-awaited...
Tax Armageddon, or "Taxmageddon," looms on the horizon, as $500 billion in tax cuts will all be expiring at the end of the year. While Americans were hustling on April 17...
When Hostess Brands, maker of Wonder Bread, Twinkies, and Ding Dongs, declared bankruptcy on January 12, it said it can’t make interest payments on its $860 million of outstanding debt and...
On Monday, April 16, the U.S. Senate is scheduled to vote on a procedural motion intended to move the so-called Buffett Rule forward. The motion, if agreed to by at least...
Federal Reserve Chairman Ben Bernanke declared this week that too much borrowing and spending will eventually destroy the nation’s economy. Of course, a number of others have made similar assertions all...
Tax season is winding down once again, but the progressivity of the tax code is still with us. Most Americans who had more taxes withheld from their paychecks than they owe...
When the Justice Department announced in March that it intended to sue Apple and five book publishers for collusion over the pricing of eBooks, David Boaz of the Cato Institute could be...
When Ann Johnston (left), Mayor of Stockton, California, informed the city council in March that Stockton was about to go bankrupt, making it the largest municipal bankruptcy in history, it took...
In his attempt to explode the myth that there is unlimited demand for U.S. government debt, former Treasury official Lawrence Goodman explained that there is high perceived demand because the Federal...
When Federal Reserve Chairman Ben Bernanke donned his professorial cap and addressed 30 undergraduate students at George Washington University on Tuesday, he claimed it was all in the interest of transparency....
For proof that the Obama “recovery” remains unimpressive compared to previous recoveries, Cato Institute scholar Dan Mitchell gathered evidence from a number of sources to make his point. ...
Rep. Paul Ryan (R-Wis.) announced on Tuesday the Republican budget plan to take into the election debate; it is in sharp contrast to the Obama administration’s budget announced last month. Two...