Paving the Way for Future Bailouts
Item: The April 22 Washington Post reported that President Obama was making an “assertive stride into the debate on financial regulatory reform.” The...
Economic Commentary
Shock and Awe, Obama-Style
“Shock and awe” is how the Pentagon described the opening stages of the 2003 U.S. invasion of Iraq: overwhelming force designed to demoralize...
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Auditing the Fed: the Great Sellout
Congressman Ron Paul (R-Texas) and Senator Bernie Sanders (I-Vt.) had long worked together on their campaign for a full audit of the Federal...
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Is Obama’s Bank Tax a Prelude to a Global Tax?
The Obama administration is calling its proposed $90 billion bank tax the Financial Crisis Responsibility Fee, and its salesman is Treasury Secretary Timothy...
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Most Americans Are Clueless About Economics and Markets
Quick: What’s a “derivative”? The difference between a “custodial account” and a “trust”? “Listed” versus “unlisted” markets? “Debentures”? How about “price earning ratios”?...
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Biden Predicts Job Growth — but Where’s the Evidence?
Vice President Joe Biden predicted job growth of 250,000 to 500,000 jobs a month in the next two months, according to CNBC on...
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Bet ‘Short’ on Government Credibility
Goldman Sachs Group, Inc. executive director Fabrice Tourre probably didn't help his company's public relations efforts (assuming it has some) by referring to...
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Ron Paul: Obama Is Another Corporatist, Not a Socialist
The idea that President Barack Obama is a socialist is popular among many conservatives; all of us have seen automobiles sporting the bumper...
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Stimulus Spawns More Debt and Govt Jobs
Item: An Associated Press story dated February 17 reported: “Vice President Joe Biden asserted in an interview Wednesday that taxpayers have ‘gotten their...
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Latest Unemployment Numbers: Shoveling Snow?
When the Bureau of Labor Statistics announced last Friday that the economy lost only 36,000 jobs in February, the usual choristers took that as...
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Bernanke Wrongly Calls “Bizarre” Allegations Cited by Ron Paul
On February 24, Congressman Ron Paul (R-Texas), at a hearing held by the House Financial Services Committee, asked Federal Reserve Chairman Ben Bernanke...
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The Economy Looks Like “L”
Just when the headline news about the economy was beginning to look good and the talking heads were beginning to sound good, along...
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Obama’s Jobless Recovery
The New York Times is now reporting what many Americans have figured out already: The Obama “recovery”) is a jobless recovery, leaving millions...
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Recovery Act a Bust, Despite Obama Claims
"The art of economics," economist Henry Hazlitt wrote nearly seven decades ago, "consists in looking not merely at the immediate but at the...
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Consumer Prices Fall … or Rise?
“Core consumer prices” fell by a monthly 0.1 percent in January, reported the Wall Street Journal on February 19, noting that the last...
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