Economic Commentary - The New American

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....

Bruce Walker March 16, 2011

Forget Nuclear Meltdowns —Think Bond Market Meltdowns

Raven Clabough March 15, 2011

While the mainstream media have jumped at the opportunity to report on possible nuclear meltdowns in Japan, alerting Americans on the west coast...

Study: Gov’t. Payouts Are a Third of U.S. “Income”

James Heiser March 10, 2011

If it sometimes feels like almost everyone is on the government dole except you, there may be a reason for that sensation: According...

February Sets U.S. Deficit Record

R. Cort Kirkwood March 8, 2011

The Congressional Budget Office predicts a federal budget deficit of $223 billion for February, 2011, the largest monthly budget deficit ever recorded, according...

Touted Savings in Spending Proposals Misleading

Raven Clabough March 8, 2011

According to the Congressional Budget Office, attempts by Senate Democrats to cut spending have been feeble and at times, misleading. Analysts at the...

Shutting Down Fannie and Freddie: Locking the Barn Door

Bob Adelmann March 7, 2011

It appears that there is at least one thing the Obama administration and the GOP can agree on, and that is that Fannie...

CNSNews: Gov’t Adds Another $63.7 Billion In Debt

R. Cort Kirkwood March 3, 2011

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...

Increasing Gas Prices: What’s Seen and Not Seen

Bob Adelmann March 1, 2011

With the national average price of gasoline hitting the highest level in history for this time of the year, the impact of that...

The Great Recession and American Boomer Reality

Bob Adelmann February 24, 2011

In its extensive study of how the Boomer generation is faring, the Wall Street Journal focused mostly on their difficulties, challenges, disappointments and...

Interest On Debt To Quadruple Within 10 Years

R. Cort Kirkwood February 18, 2011

Anyone who reads a newspaper knows the United States is financially doomed. Even reportage from the usual left-wing sources confirm as much to...

Obama Budget Sleight of Hand

Bob Adelmann February 16, 2011

Of all the explanations, statistics, projections, and conjecture about the Obama administration’s new budget, nothing has had the impact of this simple graph...

Deficit Expected to Surpass Size of U.S. Economy

Raven Clabough February 15, 2011

Not only does President Barack Obama’s budget, released Monday, fail to make any real progress in spending cuts, but it reveals a frightening...

Economic Stimulus and Economic Stress

Brian Koenig February 14, 2011

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...

Are Living Standards Improving?

Bob Adelmann February 8, 2011

Five years ago Donald Boudreaux, Economics Professor at George Mason University and author of the website Café Hayek, bought a used 1975 Sears...

Bernanke Issues Warnings, Accepts No Blame

Bob Adelmann February 4, 2011

Federal Reserve Chairman Ben Bernanke’s address to the National Press Club on Thursday was a remarkable blend of hubris, claimed innocence, and warnings....