IndyMac Bank’s Ominous Failure
As of Tuesday, July 15, crowds outside branches of the failed California bank IndyMac were getting ugly. On the second business day after federal agents seized control of bank assets and...
Economics
Paulson-Bernanke Plan Would Give the Fed Broad New Powers
On Thursday, July 10, Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke testified before the U.S. House of Representatives’ Committee on Financial Services. The backdrop for the committee meeting,...
Dangers of an Underreported CPI
The Consumer Price Index (CPI) measures the average price of consumer goods and services purchased by households. The government uses the CPI to “calculate inflation.” Changes over the past 40 years...
Economic Survival — Not “Stimulus”!
The plan, according to our government’s economic gurus, was to stimulate our economy by sending tax rebates to U.S. taxpayers to spur spending and invigorate our troubled economy. ...
Rising Food Costs
From Nouakchott in northwest Africa to Port-au-Prince in the Caribbean, the situation is becoming grimmer by the day. The specter of world hunger, unseen in generations, even in the world’s poorest...
Is Making Taxes “Fair” the Answer?
Although tax season has come and gone once again, the various proposals for tax reform are still with us. These tax-reform plans, even though they appear outwardly to be quite different,...
The Specter of Inflation
At a conference on April 16, Richard Fisher, president and chief executive officer of the Federal Reserve Bank of Dallas, warned that the U.S. economy could be facing trouble in the...
Our Sovereignty Trade-Away
Congressional approval of the latest round of the General Agreement on Tariffs and Trade was a victory for international socialism and a defeat of the principles of America's Founding Fathers. ...