Economic Commentary

Restoring the American Dream

The incessant and never-ending drumbeat of bad news about the economy was deftly summarized here, which concluded that 16 new records had been...

Bob Adelmann November 5, 2010

Fed Celebrates Its 100th Birthday

Bob Adelmann November 5, 2010

In a remarkable show of both contempt and hubris, the Federal Reserve System announced that it will be celebrating its 100th birthday at...

Federal Mass Transit a Big Flop

Bruce Walker November 3, 2010

Central planning seldom makes economic sense. However good a scheme looks on paper in some politician’s office, planned on the taxpayer’s dime, it's...

Stimulus Dollars Leave America

Bruce Walker October 29, 2010

Government never “stimulates” economic growth. Left quite alone, people engage in rational commerce guided only by enlightened self-interest. More crucially, government cannot predict...

EPA Proposes More Regulations

Raven Clabough October 26, 2010

In yet another economically destructive ploy to “go green,” the Environmental Protection Agency has recommended an unprecedented barrage of harsh federal regulations on...

The Mortgage Foreclosure Crisis

Charles Scaliger October 15, 2010

Let us be blunt: The mortgage foreclosure crisis, which first burst into full public view with Bank of America’s suspension of all foreclosures...

The Federal Reserve Makes Plan to Increase the Money Supply — Again

Bob Adelmann October 13, 2010

The notes of the latest meeting of the Federal Reserve, released on Tuesday, clearly show the Fed’s next step in trying to solve...

Recession Over? Pardon My Disbelief

October 12, 2010

On September 22, the Business Cycle Dating Committee of the National Bureau of Economic Research (BCDC-NBER) announced that the recession (it began in...

A Primer in Protectionism

Bob Adelmann October 11, 2010

Despite opaque and dissembling arguments that what the world needs now is a world currency to replace the weakening dollar, there are significant...

Greenspan’s Fear and Trembling

Bob Adelmann October 8, 2010

Alan Greenspan, former chairman of the Federal Reserve, is worried about many things. In March he worried about the future of the economy....

Translating Bernanke-speak About the Great Recession

Bob Adelmann October 6, 2010

When Fed Chairman Ben Bernanke says the country is in trouble, many aren’t listening, partly because the media wasn’t there reporting on it,...

Prominent British Editor Apologizes for Defense of Fed

Alex Newman September 30, 2010

The high-profile international-business editor of the U.K. Telegraph, Ambrose Evans-Pritchard, shocked and pleased readers with an apology for his past support of the...