Fed Is Buying 61 Percent of U.S. Government Debt
In his attempt to explode the myth that there is unlimited demand for U.S. government debt, former Treasury official Lawrence Goodman explained that...
Economic Commentary
Speech: Bernanke Fails at Transparency, Rails at Gold Standard
When Federal Reserve Chairman Ben Bernanke donned his professorial cap and addressed 30 undergraduate students at George Washington University on Tuesday, he claimed...
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Is Ryan’s Budget Plan Headed in the Right Direction?
Rep. Paul Ryan (R-Wis.) announced on Tuesday the Republican budget plan to take into the election debate; it is in sharp contrast to...
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Obama Economic Recovery Still Underwater
For proof that the Obama “recovery” remains unimpressive compared to previous recoveries, Cato Institute scholar Dan Mitchell gathered evidence from a number of...
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Encyclopædia Britannica Adjusts to Reality, Stops Printing
Encyclopædia Britannica’s president Jorge Cauz (left) announced on Tuesday that his company would no longer print its 129-pound, 32-volume sets of its iconic...
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Amendment to End Energy Subsidies Fails in the Senate
Senator Jim DeMint (R-S.C., left) introduced the Energy Freedom & Economic Prosperity Act (EFEPA) in February and then offered his bill as an...
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The Free Market’s “Thank You” System
In an economic transaction, who should be the one saying thank you — the buyer or the seller? Or in an employment relationship,...
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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...
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White House Jobs Growth Celebration is Premature
White House announcements celebrating the jobs report from the Bureau of Labor Statistics (BLS) were optimistic: “Private sector employers added 233,000 jobs to...
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ECRI Stays with Recession Call
When Lakshman Achuthan (left), co-founder of Economic Cycle Research Institute (ECRI) appeared on CNBC to defend his prediction last September of an “imminent”...
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February’s Deficit the Highest Ever
In yet another sign that the looming American debt crisis is close to spiraling out of control, February’s monthly federal deficit was the...
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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, but the D.C. government cannot report how many jobs...
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Senate Democrats Pitch Transportation Bill as a Job Creator
In another purported attempt to spur "job creation," Senate Democrats will try to transform their $109-billion transportation bill into law this week. In...
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Bernanke Befuddled
In a moment of unexpected and unsettling candor, Federal Reserve chairman Ben Bernanke, in his testimony on Tuesday before the House Financial Services...
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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 American workers is narrowing rapidly. Part of the reason...
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