Encyclopædia Britannica Adjusts to Reality, Stops Printing
Encyclopædia Britannica’s president Jorge Cauz (left) announced on Tuesday that his company would no longer print its 129-pound, 32-volume sets of its iconic...
Economic Commentary
Amendment to End Energy Subsidies Fails in the Senate
Senator Jim DeMint (R-S.C., left) introduced the Energy Freedom & Economic Prosperity Act (EFEPA) in February and then offered his bill as an...
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The Free Market’s “Thank You” System
In an economic transaction, who should be the one saying thank you — the buyer or the seller? Or in an employment relationship,...
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North Dakota: A Study in How the Free Market Works
The continuing boom in North Dakota seemingly has no end. Last June oil production from the Bakken Formation exceeded 11 million barrels a...
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White House Jobs Growth Celebration is Premature
White House announcements celebrating the jobs report from the Bureau of Labor Statistics (BLS) were optimistic: “Private sector employers added 233,000 jobs to...
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ECRI Stays with Recession Call
When Lakshman Achuthan (left), co-founder of Economic Cycle Research Institute (ECRI) appeared on CNBC to defend his prediction last September of an “imminent”...
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February’s Deficit the Highest Ever
In yet another sign that the looming American debt crisis is close to spiraling out of control, February’s monthly federal deficit was the...
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D.C. Receives $885M in Stimulus Money and Unemployment Rises
Washington, D.C. raked in more than $885 million from President Obama’s economic stimulus package, but the D.C. government cannot report how many jobs...
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Senate Democrats Pitch Transportation Bill as a Job Creator
In another purported attempt to spur "job creation," Senate Democrats will try to transform their $109-billion transportation bill into law this week. In...
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Bernanke Befuddled
In a moment of unexpected and unsettling candor, Federal Reserve chairman Ben Bernanke, in his testimony on Tuesday before the House Financial Services...
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China Hits Turning Point; Jobs Coming Back to the U.S.
As reported in The New American here, the difference in wages between Chinese and American workers is narrowing rapidly. Part of the reason...
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Right or Wrong? Ron Paul Says America Is Turning to Fascism
“We’ve slipped away from a true Republic,” Texas Congressman Ron Paul claimed in a speech to a Missouri audience February 18. “Now we’re...
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Third-Year Anniversary of $787B Stimulus Scores a Grave Milestone
Last Friday marked the third-year anniversary of President Obama’s $787-billion economic "stimulus" law — and it scored a rather grim milestone: The unemployment...
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Obama Takes Credit for Economic Recovery
In his State of the Union address President Obama touted the "rebound" in the economy, taking credit for his administration’s policies in its...
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U.S. Manufacturing Is Making Headway
The numbers posted at Investors Business Daily over the weekend by John Merline were impressive: U.S. manufacturing profits last year exceeded $600 billion,...
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