Regulatory Agencies Boom Under Obama Administration
While the private-sector is drowning under a perpetual recessionary storm, U.S. regulatory agencies are flourishing. "If the federal government’s regulatory operation were a...
Economic Commentary
Ending Ethanol Subsidies Won’t Reduce Food Costs After All
The recent attempt to terminate both the ethanol subsidies of $.45 a gallon and the $.54-per-gallon import tariff on Brazilian sugar-based ethanol by...
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Warren Buffett Wants to Raise Taxes on His Friends
Warren Buffett (left), better known as the Oracle of Omaha, earned $40 million last year and paid $7 million of it in taxes....
Read moreFrom the Good News Dept.: North Dakota’s Economy Is Doing Just Fine, Thank You
Finally, some good news about the economy, from an unlikely place: North Dakota. CNNMoney reported that while the United States' economy grew at...
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Everything’s Made in China? Not Quite.
An analysis just released by the Federal Reserve Bank of San Francisco concludes that most of what Americans spend on consumer goods, electronics,...
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The Fed: QE3 Is All but Certain
The latest report from the Board of Governors of the Federal Reserve System confirms what every sentient being already knows: The economy is...
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Stock Market Decline Just the Beginning
The stock market is in freefall once again, evoking specters of 2008. As one fund manager told the Wall Street Journal on Monday,...
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Why Is Gold Over $1700 an Ounce?
With gold bouncing up from $1,668 an ounce on Friday, August 5 to $1,778 on Tuesday, August 9, it was the biggest three-day...
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Geithner Won’t Resign After S&P Downgrade of U.S. Securities
On Friday, Standard & Poor's kept its word and downgraded the U.S. credit rating for the first time in history — from AAA...
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S&P Downgrade: Does It Portend a Death Spiral?
Standard and Poor’s was blunt in its assessment of America’s deteriorating financial condition when it announced Friday night that it was cutting its...
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U.S. Credit Rating Still at Risk
Moody’s announcement on Tuesday that it would retain its AAA rating of U.S. government sovereign debt as a result of the debt-limit agreement...
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Debt Ceiling Crisis: Putting Things Into Perspective
The compromise bill that emerged Sunday night from behind closed doors is being loudly trumpeted in an attempt to persuade recalcitrant conservatives in...
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George Soros Quits Quantum Fund
George Soros recently made a stunning announcement: He would be dissolving all of his non-family aspects of the hedge fund that ultimately made...
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Obama: FDR “Fiscal Conservative”
According to President Barack Obama, Franklin D. Roosevelt, long regarded as a free-spending President, was actually “fiscally conservative.” What’s more, said Obama, Roosevelt’s...
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Forbes: U.S. Default a Given
According to no less a source than Forbes magazine, a U.S. default is no longer a question of if. It’s when. In a...
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