Is the Third Time a Charm for Quantitative Easing?
Analysts are warning that the Federal Reserve is gearing up for a third round of quantitative easing, which involves printing money and flooding the market with the inflated cash through the...
Economic Commentary
Federal Reserve Issues Secret Low-interest Loans to Banks
Many were shocked to learn that foreign banks were the largest recipients of the Federal Reserve’s discount loan program during the height of the financial crisis. Unfortunately, providing emergency cash to...
Hitting the Federal Debt Ceiling
That bump you just felt was the U.S. Treasury running up against the federal debt ceiling of $14.3 trillion. It happened on May 16 and was, as all the proponents of...
Tax Breaks, Subsidies, and Big Oil
Echoing the Obama administration’s characterization of the tax breaks being enjoyed by the five major oil companies (Exxon, ConocoPhillips, BP America, Shell, and Chevron) as "subsidies," the Senate tried to remove...
Insider Scoffs at Default Concerns, Blasts Geithner, Bernanke
Although Monday, May 16th is the day the financial world was supposed to end as the federal government’s spending hit the debt ceiling, Treasury Secretary Timothy Geithner (left) announced that he...
Runaway Inflation on the Cusp?
Buried in the latest report from the Bureau of Labor Statistics (BLS) on the Consumer Price Index was some disconcerting news. On the surface, there appeared to be little to be...
China: The New Investment Savior?
The Idaho Statesman in a June 6, 2010 story extolled the efforts of Idaho’s Commerce Secretary Don Dietrich and Idaho Governor C.L. “Butch” Otter to lure Chinese investors to their state:...
Collective Bargaining “Rights”
Don’t let Walker take away our rights.” That claim is repeatedly heard in Wisconsin as public-union workers try to recall Republican state Senators who voted for Governor Scott Walker’s plan to...
George Soros Funded by the House of Rothschild
In 1987, as a freshman in college, I walked into the university library and took down a tome entitled the House of Rothschild. The book told a story of a humble...
Mending Our Monetary Maladies
Edwin Vieira, Jr. is an attorney who has won three cases before the Supreme Court of the United States. He earned four degrees from Harvard University, including his doctorate. A popular...
States’ Pension Woes Worsening
The latest study by The Pew Center on the States shows not only that states have not funded the promises they made to their employees when they retire, but that the...
Gold at $1,500 an Ounce and Moving Higher
The price of one ounce of gold exceeded $1,500 yesterday, and immediately the media was filled with explanations. Jan Harvey, writing for Reuters, said gold was benefiting from “the threat of...
Almost Half of Americans Paid No Federal Income Tax In 2010
As the supporters of President Barack Obama have complained about tax cuts for the rich during the ongoing budget debate, one group of Americans has escaped their notice: the 45 percent...
Not-So-Fun Tax Facts
Each year, American taxpayers lose anywhere from 20 to 50 percent of their income to the federal and state government in taxes, with the additional cost of filing taxes averaging approximately...
Govt to Sell Its GM Stock Before It Declines Further
When the federal government took over General Motors in July of 2009, it was “the only way to avoid an economic calamity,” according to President Obama. Stuffed full of $50 billion...