Free Trade Agreements: Key to Economic Recovery?
In his speech on the economy on September 8, President Barack Obama tied our nation's fiscal recovery to the passage of three free trade agreements (FTA) currently awaiting approval. Said the...
Economic Commentary
Bernanke: The Fed Has Only Two Tools Remaining to Boost the Economy
In his talk on Thursday to the Economic Club of Minneapolis, Federal Reserve Chairman Ben Bernanke (left) warned the Congressional Supercommittee not to cut government spending by too much, and that...
Free Trade in Theory and Practice
When one studies international economics, one will inevitably encounter the topic of “free trade.” As always, it is a good idea to start with a definition, to avoid any possible confusion....
Small Italian Town Bids to Become Sovereign, Prints Its Own Currency
Following the announcement by the Italian Cabinet of additional austerity measures to include plans to combine all 1,963 towns in Italy with populations of fewer than 1,000, some mayors protested by...
Will Empty Seats on the NLRB Save American Manufacturing?
The National Labor Relations Board’s (NLRB) assault on American manufacturing may soon be arrested. ...
Steve Jobs’ Charitable Contributions: He Gave at the Office
Writing for the New York Times, Andrew Sorkin was puzzled that he couldn’t find any evidence that Steve Jobs, Apple’s founder, had given away any part of his significant $8.3 billion...
Obama: More Govt Needed to Help Economy
Where has all of America’s labor gone? Following the announcement that the economy added no new jobs in the month of August, President Obama’s Labor Day politicking with GM workers in...
Legal Fallout From Housing Collapse Continues
The announcement by the Federal Reserve of an “enforcement action” against Goldman Sachs for engaging in “a pattern of misconduct and negligence” in its handling of home mortgage loans was entirely...
Military General Advocates Cuts in Military Spending
Usually when U.S. citizens argue in favor of downsizing the military budget, they are treated as anti-American by neoconservatives and other "hawks." When presidential contender Ron Paul advocates bringing the troops...
Krueger Is Obama’s Economic Council Chairman Pick
Next week President Obama will roll out his strategic jobs growth plan in a major speech, and has announced that his new chairman of his Council of Economic Advisers, Alan Krueger...
Thanks to Hurricane Irene, Business Is Booming!
According to Laura Chanthalath, manager at High’s Chimney Service, business is booming. Located in Gaithersburg, Maryland, her company might rebuild one chimney a day during the summer when business is slow....
Obama’s Seven New Regulations Would Cost U.S. Economy Billions
President Obama sent a letter to House Speaker John Boehner (R-Ohio) Tuesday detailing seven new regulations that would each cost the U.S. economy more than $1 billion annually. With regulatory costs...
Canada’s Remarkable Economic Recovery
In its annual Index of Economic Freedom, the joint effort by the Heritage Foundation and the Wall Street Journal, Canada ranks 6th among the 179 countries of the world, ahead of...
Second Chance in Debt Deluge
With the raising of the debt ceiling, the “official” federal debt immediately surged past a new and unwelcome benchmark: The national debt now exceeds 100 percent of the gross domestic product...
Rural Greece Falls Back on Self-Reliance
Roger Jinkinson is a British writer, and he lives in a remote Greek village on the island of Karpathos (left). Although the village is not immune to the meltdown of the Greek...