Keynesians 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...
Economic Commentary
The 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...
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Worldwide 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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Jefferson County’s Inevitable Bankruptcy
After three years of trying to solve their self-imposed debt crisis, the Jefferson County, Alabama, commissioners threw in the towel on Wednesday and...
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National Bank Transfer Day (Nov 5): How Effective Was It?
Critics of the banking system in the United States declared Saturday, November 5, National Bank Transfer Day — a grassroots movement that encouraged...
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Deflation: Good and Bad
Economist Gary Shilling’s claim that the U.S. economy is on the edge of deflation defies the Bureau of Labor Statistics’ recent announcement that...
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Fed Chairman Bernanke Is on the Defensive
Fed Chairman Ben Bernanke’s news conference on November 2 included the admission that the Fed is depending on hope and patience to see...
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The Bankruptcy of MF Global: So Much for Financial Regulation
After spending the entire weekend trying to sell his company, MF Global, Chairman Jon Corzine finally capitulated, and his board declared bankruptcy on...
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North American Oil Development Is Reducing Demand for Foreign Oil
The September 15 report from the National Petroleum Council expressed surprise at how much has changed just since their “Hard Truths” report of...
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On Halloween, Nat’l Debt Exceeds Gross Domestic Product
A little-noticed event occurred at approximately midnight on Monday, October 31, 2011: The national debt of the United States exceeded, for the first...
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What Does “Distrust of Government” Really Mean?
The New York Times and CBS has come out with a new poll that shows Americans have a strong mistrust of government. Almost...
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Consumers Don’t Drive the Economy, Producers Do
In Commerce Secretary John Bryson’s announcement that the nation’s Gross Domestic Product (GDP) grew at an annual rate of 2.5% last quarter, he...
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How Hyperinflation Could Start in America
David Galland’s article for the Daily Reckoning painted a picture of imminent collapse of America’s monetary system, which was followed four days later...
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What Is the Real Unemployment Rate?
A closer look at the Department of Labor’s employment report earlier this month reveals that the real unemployment number is different from the...
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Some Reasons Behind Income Inequality
In an effort to examine the Occupy Wall Street crowd’s complaint about income inequality, economist Mark Perry has concluded that people with higher...
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