Economic Commentary Archives

The Bailout and the Constitution

The $700 billion bank bailout plan will use taxpayer money to purchase troubled assets. How does this stack up against the limited federal...

Steven J. DuBord November 13, 2008

Obama Would Worsen the Financial Mess

Gary Benoit November 9, 2008

If the language in his first post-election press conference is any indication, Senator Barack Obama will be true to his profligate campaign promises....

Upcoming Financial Summit About Global Governance

November 7, 2008

Lost in all the Obama furor, the world's leading economic powers — the so-called G-20 nations — are quietly laying plans for a...

That’s “Comrade Bush” According to Chavez

Jack Kenny October 29, 2008

If Hugo Chavez, the Marxist president of Venezuela, has his way, the legacy of President George W. Bush will be that he brought...

The Panic of 2008

Steven J. DuBord October 29, 2008

Thanks to Congress, the American taxpayer has been stuck with the bill for the bailout plan — but that is only the beginning....

Greenspan Wrongly Faults Free Market for Crisis

Gary Benoit October 24, 2008

In testimony that surprised many observers, former Federal Reserve Chairman Alan Greenspan professed a "state of shocked disbelief" over the unfolding global financial...

Global Financial Summit Announced

Gary Benoit October 22, 2008

The Bush administration announced today that the first of what will be a series of global financial summits will be held in Washington,...

The Flat Tax Is Not Flat

Gary Benoit October 21, 2008

The ideas of Karl Marx are alive and well — in the U.S. tax code. One of the planks of the Communist Manifesto,...

Global Financial Regulatory Body on the Way?

Gary Benoit October 19, 2008

With the European Union leading the way, the internationalists are preparing to exploit the recent global financial turmoil to hold a "second Bretton...

Like Barack Obama, John McCain Is a Socialist

Gary Benoit October 12, 2008

When Sen. John McCain was campaigning in Waukesha, Wisconsin, on October 9, a supporter told him "I'm really mad" because of "socialists taking...

New International Financial System in the Offing?

Dennis Behreandt October 10, 2008

In response to the ongoing financial crisis, world leaders are planning "a new Bretton Woods," according to Italian Prime Minister Silvio Berlusconi. According...