The Causes of Rising Food Prices
Food prices are rising quickly around the world. Part of the problem is weather. The winter wheat crop in China has been poor. Australia has suffered floods, while Russia has undergone...
Economic Commentary
Forget Nuclear Meltdowns —Think Bond Market Meltdowns
While the mainstream media have jumped at the opportunity to report on possible nuclear meltdowns in Japan, alerting Americans on the west coast to beware potential radiation (and are also likely...
Study: Gov’t. Payouts Are a Third of U.S. “Income”
If it sometimes feels like almost everyone is on the government dole except you, there may be a reason for that sensation: According to a recent study one-third of all income...
February Sets U.S. Deficit Record
The Congressional Budget Office predicts a federal budget deficit of $223 billion for February, 2011, the largest monthly budget deficit ever recorded, according to the Washington Times. ...
Touted Savings in Spending Proposals Misleading
According to the Congressional Budget Office, attempts by Senate Democrats to cut spending have been feeble and at times, misleading. Analysts at the CBO have determined that the Senate Democrats’ plan...
Shutting Down Fannie and Freddie: Locking the Barn Door
It appears that there is at least one thing the Obama administration and the GOP can agree on, and that is that Fannie Mae and Freddie Mac have got to go....
CNSNews: Gov’t Adds Another $63.7 Billion In Debt
The catastrophic news on the U.S. Government's debt keeps coming. Since Jan. 5, when The New American reported that the debt had surpassed $14 trillion, the government has added more than...
Increasing Gas Prices: What’s Seen and Not Seen
With the national average price of gasoline hitting the highest level in history for this time of the year, the impact of that increase reaches far beyond the pocketbook of the...
The Great Recession and American Boomer Reality
In its extensive study of how the Boomer generation is faring, the Wall Street Journal focused mostly on their difficulties, challenges, disappointments and missed opportunities. It had little to say about...
Interest On Debt To Quadruple Within 10 Years
Anyone who reads a newspaper knows the United States is financially doomed. Even reportage from the usual left-wing sources confirm as much to anyone who understands math. Yet one of those...
Obama Budget Sleight of Hand
Of all the explanations, statistics, projections, and conjecture about the Obama administration’s new budget, nothing has had the impact of this simple graph in showing the assumptions, misstatements, and downright falsehoods...
Deficit Expected to Surpass Size of U.S. Economy
Not only does President Barack Obama’s budget, released Monday, fail to make any real progress in spending cuts, but it reveals a frightening truth: the current fiscal year is on its...
Economic Stimulus and Economic Stress
The U.S. economy's agony endures, as “economic stress” in December escalated, with foreclosure rates a major topic of concern. According to the monthly analysis of the Associated Press, foreclosure rates rose...
Are Living Standards Improving?
Five years ago Donald Boudreaux, Economics Professor at George Mason University and author of the website Café Hayek, bought a used 1975 Sears catalog on Amazon, and started comparing prices to...
Bernanke Issues Warnings, Accepts No Blame
Federal Reserve Chairman Ben Bernanke’s address to the National Press Club on Thursday was a remarkable blend of hubris, claimed innocence, and warnings. ...