Economic Commentary - The New American

Gov. Jerry Brown Asks California Voters to Support Tax Hike

California Governor Jerry Brown is calling for higher taxes as lethargic economic growth has left his state in fiscal turmoil. Brown also mentioned...

Brian Koenig May 15, 2012

This Economy Even Confuses the Experts

Bob Adelmann May 3, 2012

Two Wall Street economists, Daniel Gross and Gary Shlling, look at the same jobs numbers and come to opposite conclusions, hoping to sell...

Is America Embracing the 10 Tenets of the Communist Manifesto?

Brian Koenig April 23, 2012

Karl Marx and Friedrich Engels, the purported founders of communism, established in the 19th century a government paradigm that transformed Europe and other...

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Transparency and The Fed: Transcripts Belie Rhetoric

William F. Jasper April 21, 2012

Five hundred pages of redactions. Mostly blank pages. That's what the public gets to see in the transcripts of the Federal Reserve Open...

Taxmageddon Looms as Taxpayers Await $500B in Tax Increases

Brian Koenig April 19, 2012

Tax Armageddon, or "Taxmageddon," looms on the horizon, as $500 billion in tax cuts will all be expiring at the end of the...

Hostess to Unions: No More Sugar for You

Bob Adelmann April 16, 2012

When Hostess Brands, maker of Wonder Bread, Twinkies, and Ding Dongs, declared bankruptcy on January 12, it said it can’t make interest payments...

Buffett Rule Foolishness

Bob Adelmann April 16, 2012

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....

Bernanke Admits Borrowing and Spending Are Disastrous for Economy

Raven Clabough April 13, 2012

Federal Reserve Chairman Ben Bernanke declared this week that too much borrowing and spending will eventually destroy the nation’s economy. Of course, a...

Our Marxist Tax Code

Laurence M. Vance April 10, 2012

Tax season is winding down once again, but the progressivity of the tax code is still with us. Most Americans who had more...

Justice Department to Sue Apple, Publishers for eBook Price Collusion

Bob Adelmann April 5, 2012

When the Justice Department announced in March that it intended to sue Apple and five book publishers for collusion over the pricing of...

Boom and Bust in Stockton, California

Bob Adelmann April 3, 2012

When Ann Johnston (left), Mayor of Stockton, California, informed the city council in March that Stockton was about to go bankrupt, making it...

Fed Is Buying 61 Percent of U.S. Government Debt

Bob Adelmann March 29, 2012

In his attempt to explode the myth that there is unlimited demand for U.S. government debt, former Treasury official Lawrence Goodman explained that...

Speech: Bernanke Fails at Transparency, Rails at Gold Standard

Bob Adelmann March 21, 2012

When Federal Reserve Chairman Ben Bernanke donned his professorial cap and addressed 30 undergraduate students at George Washington University on Tuesday, he claimed...

Obama Economic Recovery Still Underwater

Bob Adelmann March 20, 2012

For proof that the Obama “recovery” remains unimpressive compared to previous recoveries, Cato Institute scholar Dan Mitchell gathered evidence from a number of...