Economics

Europe Must Further Centralize Fiscal Power, Claims Fed Boss Bernanke

As American lawmakers debate reining in, auditing, reforming, or even abolishing the controversial Federal Reserve System following a growing wave of bipartisan outrage...

Alex Newman August 9, 2012

Led by Rep. Ron Paul, Congress Explores Sound Money

Alex Newman August 3, 2012

As concerns over the U.S. dollar and the Federal Reserve continue to grow, U.S. lawmakers explored sound money, competing currencies, and the route...

Fed Considers Pre-emptive Stimulus

Raven Clabough July 31, 2012

Some members of the Federal Reserve are encouraging the Fed to make policy changes to pre-empt problems that may arise as a result...

Congress Debates Estate Tax Increase

Brian Koenig July 28, 2012

The class warfare rhetoric that accompanies the tax debate is reigniting as congressional lawmakers battle over how to address a pending increase of...

Scranton Pa. Can’t Kick the Can, Cuts Salaries to Minimum Wage

Bob Adelmann July 10, 2012

After conferring with the city’s business administrator, Scranton, Pennsylvania, Mayor Chris Doherty announced on Wednesday, June 27, that all 398 city employees would...

Feisty, Fearless Economist Anna Schwartz Dead at 96

Bob Adelmann June 25, 2012

Best known as the co-author, along with Nobel Prize winning economist Milton Freidman, of A Monetary History of the United States, 1867-1960, Anna...

Congress Debates the Federal Reserve: Reform or Abolish?

Alex Newman May 9, 2012

In a rare moment of bipartisan unity, lawmakers and economists on both sides of the aisle largely agreed on two points: The Federal...

Rep. Duncan Hunter Wants BLS to Report Real Unemployment Rate

Brian Koenig April 11, 2012

Rep. Duncan Hunter (R-Calif.) is renewing his push for legislation that would amend how the federal government assesses the U.S. unemployment rate. When...

BRICS Renew Challenge to U.S. Dollar Hegemony

Alex Newman March 30, 2012

The statist rulers of the so-called “BRICS” countries — Brazil, Russia, India, China, and South Africa — have been subtly calling for an...

Federal Reserve “Propaganda” Curriculum Aimed at High Schools

Alex Newman March 19, 2012

As the Federal Reserve came under increasing scrutiny by outraged lawmakers and the public in recent years, it hired a lobbyist to defend...

GOP Lawmaker Unveils New Effort to Rein in Fed

Alex Newman March 6, 2012

As scrutiny of the Federal Reserve System and public outrage over its actions continue to build, lawmakers on both sides of the aisle...

Now, More Than Ever, Time to Audit the Fed

William F. Jasper February 20, 2012

The Federal Reserve initiated "quantitative easing" — inflating the money supply — to shore up banks and the economy. Now the Fed is...

World Bank Report Shows Big Government Reduces Economic Growth

Brian Koenig February 13, 2012

A new report published by the World Bank has come to a spellbinding conclusion: High government spending and large public sectors substantially diminish...

Fed Chief Warns Congress of “Unsustainable” Debt, Fiscal Crisis

Alex Newman February 9, 2012

Federal Reserve Chairman Ben Bernanke told lawmakers this week that the government’s borrowing was at “clearly unsustainable” levels, warning that its wild budget...