Boomers Aren’t Booming
Despite their huge numbers and cultural and financial impact on the economy, the Baby Boomers (born between 1946 and 1964) have largely been unwilling to face fiscal reality. Robert Samuelson, a...
Economic Commentary
Obama/CEO Summit: Sweetness and Light
Despite being verbally abused and legislatively hamstrung ever since the start of the Obama administration, those CEOs arriving at the Blair House Wednesday for another Summit meeting with the President seemed...
Stimulating Recovery of the Economy, or Graft?
Earlier this month the Recover Progress Report summarized, "As of December 1, $466.8 billion of the $787 billion stimulus has been committed to states; $333.8 billion has been paid out." The...
Greed Pays: Tax Cuts and Economic Prosperity
"Greed, for a lack of a better word, is good. Greed works. Greed clarifies, cuts through and captures the essence of the evolutionary spirit," says a disdainful Michael Douglas,...
Washington Suburbs Surviving Recession
America is in the throes of economic hardship. Certain regions of the country, the once thriving Great Lakes Region, the greatest industrial area in the world, and energy-producing states, such as...
Counting the Costs of Unemployment Insurance
As part of the backroom deal to extend the Bush tax cuts for another two years, the GOP gave the progressives an extension of one of their favorite welfare-state building blocks:...
Similar Inflation Patterns in the United States and Britain
The Associated Press in London reports that Britain’s consumer inflation rose to 3.3 percent in November, up from 3.2 percent in October. The rising inflation is reportedly “driven by a surge...
Is Your Gold Safe in the Bank?
More and more people in affluent societies are turning to gold as a hedge against irresponsible government financial policies. It cannot make these people more comfortable that, in Europe, there has...
States’ Budget Shortfalls: Pressure From Above, Pressure from Below
With all the attention being focused on extending the “Bush tax cuts,” granting additional unemployment benefits, and the arrival in Washington of newly minted congressional Representatives and Senators, a major piece...
The Fed’s Bernanke: Hubris and Dissimulation
Fed Chairman Ben Bernanke’s recent 60 Minutes interview raised more questions than it answered. Some even questioned the questions. Gary North explained that the Fed chair was being pushed to defend...
National Review Supports Fed’s QE2 as “Conservative”
National Review, the putative voice of political conservatism, continues to flack for the Federal Reserve and Fed chief Ben Bernanke's latest round of money magic known as "quantitative easing," or QE2....
Breaking Hauser’s Law
Writing in the Wall Street Journal, chairman emeritus of the Hoover Institution, Kurt Hauser, strongly disagreed with the Obama administration’s claim that by raising taxes on just the top two percent...
Sino-Russian Abandonment of the Dollar
The long-awaited international renunciation of the dollar has begun. ...
Bloodbath Coming?
White House deficit commission co-chairman Alan Simpson spoke at a Christian Science Monitor roundtable on Friday morning saying, “I can’t wait for the blood bath in April. It won’t matter whether...
The National Debt: Scary Facts, False Conclusions, and Gumption
When Anthony Mason, CBS News' senior business correspondent, visited the Treasury Room, he called it the location of “essentially the American credit card machine.” It’s where traders buy and sell United...