Economics - The New American

Deficits vs. Stock Market Rally

H. Ross Perot used to talk about a “giant sucking sound” in the economy more than a decade ago. Back then, he talked...

Thomas R. Eddlem March 12, 2009

Shock & Awe Economics

Steven J. DuBord March 4, 2009

With the passage of the $787 billion Obama-Democratic Congress stimulus bill, the die has been cast for America's economic future. This, the largest...

Newsweek: “We Are All Socialists Now.”

Gary Benoit February 11, 2009

Newsweek magazine published the following headline on the cover of its February 16 issue: “We Are All Socialists Now: The Perils and Promise...

T-Bills Gone Wild: A Crash in Progress?

Thomas R. Eddlem February 7, 2009

The credit rating of the U.S. government is falling fast. Treasury debt mechanisms have crashed in bond markets this year, forcing Treasury officials...

This Year: $2 Trillion Budget Deficit?

Thomas R. Eddlem February 4, 2009

“Easily in fiscal year 2009 it’s not out of the realm of possibility to have a $2 trillion deficit,” Mary Ann Hurley, vice...

Obama: Capitalist “Risk-Taking” Created Recession

Thomas R. Eddlem February 3, 2009

President Barack Obama blamed the current economic recession on “a binge of risk taking” by bankers in a Today Show interview that aired...

Obama Budget Needs Trimming With an Axe

Kurt Williamsen January 16, 2009

Barack Obama appointed Nancy Killefer as his "chief performance officer." It will be her job to find government waste to cut. Obama hopes...

Socialism’s Success

Kurt Williamsen January 5, 2009

Socialism, once abhorrent to most Americans, is increasingly being embraced by them. But is more socialism likely to reinvigorate the U.S. economy and...

A Crisis of Dollars and Sense

Steven J. DuBord December 23, 2008

The "dollar" bills that we routinely exchange for goods and services are not genuine constitutional dollars, but promissory notes substituting for the real...

In a Free Market, Money Doesn’t Grow on Trees

Steven J. DuBord November 12, 2008

Supporters of big government have been blaming the current economic crisis on the free market. We shoot down five of their anti-free-market fallacies...

Government Will Bail Out Homeowners

October 30, 2008

First Wall Street bankers. Then government lending agencies known as Fannie and Freddie. Next in line for federal handouts was the international insurance...

Voter Outrage Against Mortgage Bailout

Denise Behreandt September 25, 2008

Anger is on the rise all across the country concerning the proposed government bailout of the mortgage industry. The $700 billion dollar price...

Henry Paulson to Become Overseer of U.S. Economy?

Denise Behreandt September 24, 2008

Treasury Secretary Henry Paulson is on the verge of becoming the most influential man to hold that post since Alexander Hamilton, and the...

McCain Calls for New Federal Agency

Dennis Behreandt September 19, 2008

Speaking in Green Bay, Wisconsin, on September 19, Republican presidential candidate John McCain said he would create a new federal agency, called the...