Another Record-breaking Deficit Looms
It’s official: this year’s budget deficit will be one for the record books. The latest figures released by the Obama Administration contemplate a...
Economic Commentary
“Prosperity Is Just Around the Corner.” Really?
Back in the bad old days of the Great Depression, the breezy assurance of the Hoover Administration that “prosperity is just around the...
Read morePyramid Schemes Put in Perspective
The real rub of the Ivar Kreuger and Bernie Madoff sagas is that both men were caught doing precisely what governments do as...
Read moreAmerica’s GDP, Economy Shrink – Again
Despite rosy earnings reports from some closely watched corporations, the Great Recession is far from over, according to the latest economic data from...
Read moreDid Bernanke and Paulson Commit Bank Fraud?
New revelations from the New York State Attorney General’s office have all but proven that Federal Reserve Chairman Ben Bernanke and former Treasury...
Read moreThe High Cost of Cap and Trade
Cap-and-trade programs to control carbon-dioxide emissions are an unacceptably costly way to deal with the supposed problem of man-made global warming. ...
Read moreForeign Aid: Give ’Til It Hurts, Repeat
Item: The Washington Post for March 31 reported: “The billions of dollars spent in U.S. aid to Afghanistan over the past seven years...
Read moreDave Ramsey’s Town Hall for Hope
Dave Ramsey on Thursday evening, April 23, held a town hall-style meeting in Oklahoma City that was webcast to about 6,000 sites, mostly...
Read moreObama’s Counterproductive Economic Plan
President Obama on April 10 emerged from a high-level meeting with his economic team and proclaimed there were “glimmers of hope across the...
Read moreCredit Card Crackdown
Next up for the federal government: the credit card industry. Having already thrown trillions in taxpayer dollars at the banking sector, and having...
Read more20 Criminal Investigations for TARP Bailout
Neil Barofsky, special inspector general for the TARP, informed Congress April 21 that he has opened 20 criminal investigations and six audits in...
Read moreFollowing the Economic Lead of a Third World Country
The BBC reported on April 14 that one city in Egypt, Damietta, still has zero unemployment in these difficult economic times. That’s surprising,...
Read moreGlobal Fusion: The G20, IMF, and World Government
Suppose we had conducted a national opinion poll a few months ago to canvass Americans on their opinions of the G20. Most respondents,...
Read morePrinting and Spending Our Way to Prosperity
ITEM: An editorial entitled "The Federal Reserve acts boldly to ease credit conditions" in the Seattle Times for March 20 commented: "The Federal...
Read moreFiscal 2009 Deficit: $956.8 Billion Already!
After a record $192.3 billion federal budget deficit for March, the U.S. Treasury Department reported a $956.8 billion federal deficit for the first...
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