The National Debt: How Soon Before Uncle Sam Cries ‘Uncle’?
When Bob Schieffer of NBC News asked the rhetorical question: "...has going a trillion dollars in hock to one country [China] made us more secure?", he was reminded of Everett Dirksen...
Economics
America’s Multi-Tiered Healthcare System
MSNBC reported on November 23 that America may be looking at a two-tier system of medical care. The news organization described the care at a clinic with two doors, one for...
The Diminishing Dollar
It began as a series of explosive claims in a British newspaper on Tuesday, October 6, and quickly turned into an all-out rout of the already beleaguered U.S. dollar on international...
Economists Surveyed Think Recovery Starting
Over 80 percent of the economists surveyed by the National Association for Business Economics believe that America’s worst recession since the Great Depression has come to an end and a slow...
Gold Hits Record Highs for Three Days
Early on October 8, BBC News reported that gold had hit $1,058 per ounce, marking the third consecutive day of all-time-high prices. ...
UN Attacks Capitalism, Dollar
The United Nations released a report Monday attacking free-market economics and the role of U.S. Federal Reserve notes in the world economy, while proposing increased centralization of global monetary and financial...
Fed Ordered to Release Documents, Fights back
A federal court ordered the secretive Federal Reserve (Fed) to hand over documents about its “emergency” lending programs Monday under a Freedom of Information Act (FOIA) suit filed by Bloomberg LP....
Bernanke Renominated as Fed Chairman
President Barack Obama on August 25 renominated current Federal Reserve Chairman Ben Bernanke to another four-year term as Chairman of the Federal Reserve Board of Governors, but free-market economists have concluded...
William White of the Bank of International Settlements Predicted the Economic Crisis
Who is William White? The name is bound to be less familiar than that of former Federal Reserve Chairman Alan Greenspan, but they are in similar lines of work. In answer:...
Bernanke Redefines Inflation for House Financial Services Committee
The House Financial Services Committee witnessed a classic confrontation July 21 where the redefinition of a word was finalized. The confrontation happened between free market Congressman Ron Paul (R-Texas) and Keynesian...
Economic Predictions: Ben Bernanke v. Peter Schiff
Our politicians in Washington (especially the Obama administration) are following the economic policies of Federal Reserve Chairman Ben Bernanke, who made these economic predictions over the past four years (YouTube Video):...
California’s Budget Stalls, Bond Ratings Sink
On July 14 California's bond ratings, already the lowest in the nation, took another hit. Moody's Investors Service downgraded $72 billion of the state's general obligation bonds by two steps, from...
CPI for June Jumps to 8 Percent Annual Rate
“Consumer prices shot up in June by the largest amount in 11 months,” the Washington Post reported June 15, “reflecting the biggest jump in gasoline prices in nearly five years.” The...
Von Mises Institute: Fed Is Underreporting Inflation
The Ludwig von Mises Institute’s Howard S. Katz has revealed that the Federal Reserve Bank has inflated the U.S. currency to unprecedented levels since September 2008 and that it is hiding...
Obama Advisor Tyson Calls for “Stimulus” Spending Bill
Just days after Vice President Joe Biden told George Stephanopoulos that it was “premature” to push for another “stimulus” spending bill, Obama economic adviser Laura D’Andrea Tyson told a seminar in...