Economic Commentary
Cornell Professor Wants to End Black Friday Madness by Taxing It
On the lookout for perceived injustices in the marketplace, Cornell University professor Robert Frank decided that Black Friday needed his attention and wrote...
OWS Black Friday Protest Flops; Group Costs Taxpayers at Least $13 Million So Far
The ballyhooed Black Friday protest suggested by the leaders at Occupy Wall Street failed, but OWS has succeeded on two counts. ...
Read more“Green” Jobs and Real Jobs
The Wall Street Journal virtually called the Obama administration’s efforts to create “green” jobs a joke, decrying the President’s efforts to jump-start the...
Read moreLatest Economic Surveys Show Little Optimism
The Republican Small Business Committee reported on November 8 that small-business optimism “remains extremely low,” and that business owners “simply are not hiring...
Read moreThe Mystery of Thanksgiving Day: of Turkeys and Pencils
Jeff Jacoby listed some of the reasons he was thankful on Thanksgiving Day in 2003, including the feast on the table, the company...
Read moreHow Canada Cut Spending and Got a “Payoff Decade”
From Reuter’s interview with former Canadian Prime Minister Jean Chretien in August came a much fuller understanding of the forces that moved the...
Read more80 is the New 65, Two Surveys Show
On Wednesday Wells Fargo released the results of its survey of 1,500 individuals between ages 25 and 75, titling it “80 is the...
Read moreEconomic Outlook: The Good, the Bad, and the Unknowable
Expressions of joy were muted on Wall Street at Friday's release of the latest report from the Conference Board (CB) showing its Leading...
Read moreOptions After the Supercommittee Failure
Barring a miracle, the Supercommittee will announce Monday morning its failure at coming up with legislation to reduce the projected combined federal budget...
Read moreNational Debt Runs Past $15 Trillion
It’s official. The U.S. federal debt has crossed another unbelievable line: $15 trillion. The Treasury Department reported the news on Wednesday, and various...
Read moreSolyndra Just the Tip of the Iceberg
In late October White House Chief of Staff William Daley (left) ordered a complete review of all loan guarantees the Department of Energy has...
Read moreU.S. Debt Downgrade by Chinese Rating Agency Is “Inevitable”
A year ago Dagong Global Credit Rating reduced its rating on the sovereign debt of the United States from AA to A+. In...
Read moreKeynesians Diss Republican Candidates
CNN’s article by Charles Riley quoted several of the Republican candidates for President out of context and then asked several unknown Keynesian economists...
Read moreThe Best Way Back to a Gold Standard
In his Forbes magazine article published Thursday, Nathan Lewis makes it sound easy to get back to a gold standard. After all, it...
Read moreWorldwide Recession?
Christine Lagarde, managing director for the International Monetary Fund (IMF), warned that the world faces the risk of a “lost decade” and that...
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