Stimulus Dollars Leave America
Government never “stimulates” economic growth. Left quite alone, people engage in rational commerce guided only by enlightened self-interest. More crucially, government cannot predict...
Economic Commentary
EPA Proposes More Regulations
In yet another economically destructive ploy to “go green,” the Environmental Protection Agency has recommended an unprecedented barrage of harsh federal regulations on...
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The Mortgage Foreclosure Crisis
Let us be blunt: The mortgage foreclosure crisis, which first burst into full public view with Bank of America’s suspension of all foreclosures...
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The Federal Reserve Makes Plan to Increase the Money Supply — Again
The notes of the latest meeting of the Federal Reserve, released on Tuesday, clearly show the Fed’s next step in trying to solve...
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Recession Over? Pardon My Disbelief
On September 22, the Business Cycle Dating Committee of the National Bureau of Economic Research (BCDC-NBER) announced that the recession (it began in...
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A Primer in Protectionism
Despite opaque and dissembling arguments that what the world needs now is a world currency to replace the weakening dollar, there are significant...
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Greenspan’s Fear and Trembling
Alan Greenspan, former chairman of the Federal Reserve, is worried about many things. In March he worried about the future of the economy....
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Translating Bernanke-speak About the Great Recession
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,...
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Prominent British Editor Apologizes for Defense of Fed
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...
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The Coming Third Trillion-dollar Bailout: The States
It was appropriate for Meredith Whitney to title her latest 600-page report for her investment clients The Tragedy of the Commons. That title...
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Bank Failures: 127 Down, 800 to Go
When Zacks Equity Research announced on Monday the failure of two more banks in the current recession, the silence was deafening. The report...
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Many Stimulus-created Jobs May Soon Vanish
Remember all those jobs the stimulus law supposedly created? Well, “tens of thousands” of them, reports the New York Times, are going to...
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UAW Ignores Economic Reality
Organized labor, like the octopus of government, ignores the realities of ordinary life. America is in the midst of a depression and unemployment...
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Obama Against Extending Bush Tax Cuts
Despite the wave of popular anger over the ongoing recession (no, it hasn’t ended, as just about everybody outside the Beltway has figured...
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NFL Means No Free Lunch for Taxpayers
When the 82,566 fans of the New York Giants cheer their team at the home opener of the season this Sunday at the...
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