Federal Reserve as Corporate Overlord and “Super-Cop”?
Congress is considering granting the Federal Reserve Bank dramatic new powers by this spring, according to the Washington Post for January 26. According...
Economic Commentary
House Republicans Voted Unanimously Against Stimulus Bill
The House of Representatives yesterday passed the $819 billion American Recovery and Reinvestment Act,...
Study Claims Interest Rate of Zero Is Too High
A recent analysis by Goldman Sachs, one of the Wall Street investment banks which...
“Stimulus” Spending Will Harm Recovery
Congress is now considering the American Recovery and Reinvestment Act of 2009, the latest...
An Americanist Economic Perspective
Art Thompson, CEO of The John Birch Society, parent company to The New American,...
Uncle Sam Grabs the Wheel
ITEM: Reuters reported on December 30: "The Bush administration on Monday expanded its bailout...
More Fright-peddling, More Bailouts
Round two of the economic crime of the century has begun. On January 12,...
Banks, Nationalization, and the Times’ Spin
In an unwonted episode of lucidity, the New York Times proclaimed in a recent...
Stimulus Price Tag Continues to Rise
The price tag for the incoming Obama administration's proposed stimulus bill continues to rise....
Obama’s Stimulus Plan Will Cost at Least $187,800 Per Job
According Barack Obama's presidential transition team, the new stimulus plan being prepared by the...
GM Bailout a Sop to Cerberus?
The recent decision by the federal government to bail out GMAC, the financing arm...
Bailout Mania!
The Treasury Department and Federal Reserve are spending trillions — and Congress is letting...
Bernanke’s Money Maneuvers
Federal Reserve Chairman Ben Bernanke's radical policies have prompted alarm that they might worsen...
Ponzi, Madoff, and the Fed
Poor Charles Ponzi is getting another media drubbing. News stories, of late, have been...
Bernard Madoff and Financial Pyramid Schemes
The world’s wealthy and well-connected are reeling from disclosures that an international investment giant...