Economic Commentary
GM Bailout Cost Taxpayers Far More Than Just $11 Billion
The GM bailout debacle cost taxpayers far more than $11 billion, as was reported by the Detroit Free Press. ...
How Much Is $1 Trillion — Besides Half the Federal Regulatory Cost?
Wayne Crews, author of the Competitive Enterprise Institute’s annual report on the federal regulatory burden, has a problem: No one can imagine a...
Read moreTaxes: Are the Poor Paying Their “Fair Share”?
Contrary to the claim that “the rich” aren’t paying their “fair share” of taxes, the IRS says that about half of Americans —...
Read moreBill Would Label Bitcoin “Currency” Rather Than “Property”
Rep. Steve Stockman (R-Texas) has proposed bill to ensure that virtual currencies are treated as currency for tax purposes, which would reverse the...
Read more2008 Fed Transcripts Show Experts Clueless, Confused
The recently released transcripts of 14 Fed meetings of 2008 show Fed officials were clueless and unaware of the imminent recession. ...
Read moreBritish Think Tank Predicts Financial Catastrophe for United States
Another wake-up call on America's fiscal problems, this time from a British think tank. ...
Read moreTrader Joe’s Need Not Apply: Would Attract Too Many Whites
When the oppressed keep out the non-oppressed and keep their neighborhood depressed, who are the real oppressors? ...
Read moreMike Rowe Touches the “Third Rail” of Retailing: Walmart
The Discovery Channel's Dirty Jobs host Mike Rowe gave his Facebook fans a lesson in free market economics when he "touched the third...
Read moreBen Bernanke Joins Globalist Think Tank
The ex-chairman of the Federal Reserve is the newest fellow at the Brookings Institution, one of the most influential “progressive” think tanks promoting...
Read moreCongressional Budget Office Report Ignores Critical Factors
The Congressional Budget Office left out two critical elements in its announcement that deficits now appear to be under control: birth rates and...
Read moreAmtrak: Railroading the Taxpayers
Today is our lucky day, the day each year my wife and I get to be on the receiving end of multiple doses...
Read moreOrrin Hatch Pushes for Passage of Trans-Pacific Partnership
In an op-ed, Senator Orrin Hatch (R-Utah) praises the Trans-Pacific Partnership (TPP). Hatch, a consistent supporter of all things globalist, argues that when...
Read moreThe Folly of Embracing China as a Financial Angel
U.S. governors, cities, counties, and companies look to China as a financial angel, but there are many devils in the details. ...
Read moreFed Nominee Yellen, a Staunch Inflationist and Establishmentarian
If the U.S. Senate confirms Obama Fed nominee Janet Yellen, she will use her power to ensure the continued ascendancy of the “money...
Read moreScary Default Scenarios Based on Faulty Treasury Department Release
A poorly researched and documented report by the U.S. Treasury on the hazards of a default was picked up uncritically by members of...
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