North Dakota: A Study in How the Free Market Works
The continuing boom in North Dakota seemingly has no end. Last June oil production from the Bakken Formation exceeded 11 million barrels a...
Economic Commentary
White House Jobs Growth Celebration is Premature
White House announcements celebrating the jobs report from the Bureau of Labor Statistics (BLS)...
ECRI Stays with Recession Call
When Lakshman Achuthan (left), co-founder of Economic Cycle Research Institute (ECRI) appeared on CNBC...
February’s Deficit the Highest Ever
In yet another sign that the looming American debt crisis is close to spiraling...
D.C. Receives $885M in Stimulus Money and Unemployment Rises
Washington, D.C. raked in more than $885 million from President Obama’s economic stimulus package,...
Senate Democrats Pitch Transportation Bill as a Job Creator
In another purported attempt to spur "job creation," Senate Democrats will try to transform...
Bernanke Befuddled
In a moment of unexpected and unsettling candor, Federal Reserve chairman Ben Bernanke, in...
China Hits Turning Point; Jobs Coming Back to the U.S.
As reported in The New American here, the difference in wages between Chinese and...
Right or Wrong? Ron Paul Says America Is Turning to Fascism
“We’ve slipped away from a true Republic,” Texas Congressman Ron Paul claimed in a...
Third-Year Anniversary of $787B Stimulus Scores a Grave Milestone
Last Friday marked the third-year anniversary of President Obama’s $787-billion economic "stimulus" law —...
Obama Takes Credit for Economic Recovery
In his State of the Union address President Obama touted the "rebound" in the...
U.S. Manufacturing Is Making Headway
The numbers posted at Investors Business Daily over the weekend by John Merline were...
Big Banks Oppose Volcker Rule, Urge Delay in Implementing It
The deadline for comments on the proposed Volcker Rule was Monday night and hundreds,...
Rising Oil Production in Alberta: More Evidence Disproving Hubbert’s Peak
The latest report from the Calgary (Alberta, Canada) Herald was nothing but good news:...
Report: Government Dependency Increases 23 Percent Under Obama
American dependence on government has soared to an all-time high under the Obama administration,...
Printing Money in Britain Doesn’t Work There Either
The long-awaited announcement of another bout of money printing in England on this Thursday...
Friday’s Unemployment Numbers: Correcting the Corrections
The news released by the Bureau of Labor Statistics (BLS) on Friday appeared to...
Housing: Prices and Ownership Still Correcting
Just when CoreLogic, the California-based mortgage data provider, began to wax optimistic about the housing...
CBO Report: U.S. Deficits “Unsupportable”
In the summary of its “Budget and Economic Outlook” published on Tuesday, the Congressional...
Keynesian Economists Agree: China to Have “Hard Landing”
Mainstream economist Robert Samuelson admitted last week that the case for the ending of...