Bernanke: More Fed Stimuli if Economy Slumps
After more than two years of intervention in the economy by the Federal Reserve, the economy is showing signs of sliding back into recession. This, of course, is precisely what sober...
Economic Commentary
Fed’s Bernanke Running Out of Options
When Fed Chairman Ben Bernanke speaks on Friday at the Fed’s annual meeting in Jackson Hole, Wyoming, Fed-watchers from around the world will be hanging on his every word, phrase, and...
True Federal Debt $202 Trillion, Kotlikoff Says
Think you’re scared enough about the economy, the ballooning deficit, and the prospect of ruinous tax rates and runaway inflation to pay for astronomical government debts? If you haven’t read Boston...
Obama “Recovery” Loses Another 500,000 Jobs
Following on the heals of the previous week’s stunning 484,000 new unemployment claims, the rise to 500,000 announced August 19 offers proof that the U.S. economy is far from the path...
Is Our National Debt Nothing to Worry About?
A national debt is nothing to worry about, because “we owe it to ourselves” —so runs one of the more popular sophisms of Keynesian economics. ...
Cutting Taxes Is Again in Vogue
Cutting taxes is again in vogue in a Washington, D.C., increasingly dismayed by the utter inability of the massive Obama stimulus package to jolt the economy back to life....
Fiscal Challenges: A Way Out
Economist Niall Ferguson of Harvard wrote an article entitled “Complexity and Collapse” for the March/April issue of Foreign Affairs, a publication of the Council on Foreign Relations. Ferguson uses the visual...
How Relevant Is Ayn Rand Today?
It was news to many when Scott Powell announced that an obscure novel published in 1957, Atlas Shrugged, “may be second to the Bible as the most influential book read in...
Mortgage Summit: No New Ideas
When Kevin Hall, writing for McClatchy Newspapers, said “the Obama administration got what it was looking for at its summit on the future of housing finance,” he was very close to...
Only $5.6 Million to Create One $47,000/Year Job!
They're from the government and they're here to help us ... for a price — a very big price. ...
“The Ecstasy of Empire” and the Agony of Tyranny
Infowars.com, the website founded by self-described “aggressive constitutionalist” Alex Jones, published an article by former Reagan Treasury Department official and co-author of Reaganomics, Paul Craig Roberts entitled “The Ecstasy of Empire.”...
Getting Jobbed by the Government
Item: House Speaker Nancy Pelosi (D-Calif.) said not long ago that unemployment insurance is “one of the biggest stimuluses [sic] to our economy.” Fox News.com reported on July 1: “Unemployment benefits...
Stossel Unhappy with Greenspan
When John Stossel of Fox Business Network wrote his recent “Memo to Alan Greenspan” column, he recounted many of Greenspan’s failings while Chairman of the Federal Reserve, including especially Greenspan’s relentless...
Bringing Sanity to the Home Mortgage Market
Most people — except possibly the American political class — know that one of the prime causes of the current economic crisis was government policies that resulted in countless people taking...
Unemployment Claims Jump to 484,000
The continuing implosion of the U.S. economy in the aftermath of unprecedented federal bailouts and unemployment programs has now brought forth a stunning loss of 484,000 jobs in a single week....