Obama’s Disastrous Deficits
According to a new report released by the Congressional Budget Office (CBO), the deficits to be generated over the next 10 years by...
Economics
From Riches to Rags: Inflation & Poverty in Zimbabwe
Economists have long used 1920s Germany as the classic example of what can happen...
Deficits vs. Stock Market Rally
H. Ross Perot used to talk about a “giant sucking sound” in the economy...
Shock & Awe Economics
With the passage of the $787 billion Obama-Democratic Congress stimulus bill, the die has...
Newsweek: “We Are All Socialists Now.”
Newsweek magazine published the following headline on the cover of its February 16 issue:...
T-Bills Gone Wild: A Crash in Progress?
The credit rating of the U.S. government is falling fast. Treasury debt mechanisms have...
This Year: $2 Trillion Budget Deficit?
“Easily in fiscal year 2009 it’s not out of the realm of possibility to...
Obama: Capitalist “Risk-Taking” Created Recession
President Barack Obama blamed the current economic recession on “a binge of risk taking”...
Obama Budget Needs Trimming With an Axe
Barack Obama appointed Nancy Killefer as his "chief performance officer." It will be her...
Socialism’s Success
Socialism, once abhorrent to most Americans, is increasingly being embraced by them. But is...
A Crisis of Dollars and Sense
The "dollar" bills that we routinely exchange for goods and services are not genuine...
In a Free Market, Money Doesn’t Grow on Trees
Supporters of big government have been blaming the current economic crisis on the free...
Government Will Bail Out Homeowners
First Wall Street bankers. Then government lending agencies known as Fannie and Freddie. Next...
Voter Outrage Against Mortgage Bailout
Anger is on the rise all across the country concerning the proposed government bailout...
Henry Paulson to Become Overseer of U.S. Economy?
Treasury Secretary Henry Paulson is on the verge of becoming the most influential man...
McCain Calls for New Federal Agency
Speaking in Green Bay, Wisconsin, on September 19, Republican presidential candidate John McCain said...
Some Dare Call It a Recession
Adding to the woes of Americans reeling from the fallout stemming from the national...
IndyMac Bank’s Ominous Failure
As of Tuesday, July 15, crowds outside branches of the failed California bank IndyMac...
Paulson-Bernanke Plan Would Give the Fed Broad New Powers
On Thursday, July 10, Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke...
Dangers of an Underreported CPI
The Consumer Price Index (CPI) measures the average price of consumer goods and services...